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Montenegro Prime Minister Listed Among Top Terraform Labs Investors in SEC Filing
22.6.2024
Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents...
Terraform Labs to shut down after $4.5B SEC settlement: Law Decoded
17.6.2024
Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain
Crypto hack losses hit $19B, Terraform Labs shuts down: Finance Redefined
14.6.2024
Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen in the largest single crypto theft
Ripple backing Terraform Labs against a penalty charged by SEC
14.6.2024
Ripple is siding with Terraform Labs by taking a firm stand against the Securities and Exchange Commission levying a penalty charge against the company. In Ripple’s opinion, the court should discard the settlement issue. Recently, the SEC asked the founder of Terraform, Do Kwon, to make a payment...
U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC
13.6.2024
The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties
Terraform Labs settles SEC charges for $4.47B
13.6.2024
One of the biggest collapses in the history of cryptocurrency is finally ending, and Terraform Labs is willing to pay the SEC $4.47 billion. The SEC requested a federal judge in the Southern District of New York to accept the settlement. The new development comes two months after a judicial...
Terraform Labs ends operations, Terra community takes over
13.6.2024
Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community
Terraform Labs to Dissolve After SEC Settlement, CEO Announces
13.6.2024
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs...
Terraform Labs, Do Kwon Agree to Pay SEC a Combined $4.5B in Civil Fraud Case
12.6.2024
Amicable legal settlement between Terraform Labs and Do Kwon in SEC case
31.5.2024
Terraform Labs, a Singapore-based startup focusing on blockchain protocol and payment systems, has finally settled with the American Securities and Exchange Commission; the SEC filed a case against Terraform Labs for misleading the cryptocurrency investment fraternity. The information about...
Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC
30.5.2024
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic...
Montenegro Court Blocks Do Kwon’s Extradition to South Korea
24.5.2024
A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and...
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
30.4.2024
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million
Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash
30.4.2024
Lawyers for Terraform Labs and its founder Do Kwon are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion, new court docs reveal. Kwon and the crypto company were found liable for the Terra-Luna collapse by a jury trial...
Terraform proposes $1M penalty for SEC case, no relief or disgorgement
29.4.2024
Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case
SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs
25.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final...
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
24.4.2024
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past
SEC feels Do Kwon of Terraform Labs deserves a fine of $5.3B
24.4.2024
Federal regulators insist on a fine being levied on Terraform Labs and its co-founder, Do Kwon, amounting to $5.3 billion. This is with regards to several irregularities among investors. It is right after the two players were accused of illegal activities involving over a billion dollars. As per...
Do Kwon And Terraform Labs Hit With $5.3 Billion Penalty From SEC in Terra-Luna Case
23.4.2024
Terraform Labs and its founder Do Kwon have been hit with a $5.3 billion from the SEC, April 19th court documents reveal. News of the latest legal filing from the SEC comes just weeks after they won a landmark civil trial against Kwon for the $40 billion crash of Terra-Luna.
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Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
23.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022