Terraform Labs Files for Chapter 11 Bankruptcy in the US
The Singapore-based firm, which was behind the collapse of the TerraUSD stablecoin ecosystem in 2022, listed assets and liabilities in the range of $100 million to $500 million, according to…
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SEC Consents to Delay in Terraform Case Amid Extradition Proceedings for Do Kwon
The U.S. Securities and Exchange Commission (SEC) has expressed a lack of opposition to postponing the Terraform co-founder Do Kwon’s crypto fraud trial and, instead, is open to waiting until…
Terra Founder Do Kwon Requests Trial Delay Amid Extradition Uncertainty
The legal counsel for Do Kwon, the former CEO of Terra, has requested a postponement of the Securities and Exchange (SEC) trial in the U.S. due to the uncertainty surrounding…
Terraform Labs Sold Unregistered Securities, Says Judge
Earlier this year, the SEC’s crusade against cryptocurrencies seemed to be coming to a head after Judge Analisa Torres sided mostly in favor of Ripple, who ruled that XRP is,…
Do Kwon Likely to Be Extradited to US
After being at the center of the debacle that sent Terra and Luna spiralling to near absolute zero, former Terraform Labs CEO Do Kwon fled his home country of South…
Tether’s (USDT) Market Cap Peaks at $90 Billion Amid Renewed Confidence
Tether (USDT) – the largest stablecoin globally, has experienced continuous growth in its market capitalization, reaching an all-time high of $90 billion on December 6th before retreating слигхтлъ to $89.9…
SEC Calls for Summary Judgement in Do Kwon And Terraform Labs Lawsuit
The U.S. Securities and Exchange Commission (SEC) is calling for a conclusion to its legal battle with Terraform Labs and its co-founder Do Kwon, calling on a Manhattan judge to…
Do Kwon in Legal Storm as Jump Trading’s Role in TerraUSD Case Takes Center Stage
Do Kwon, the co-founder of Terraform Labs, is at the center of a legal storm as new revelations regarding the terraUSD (UST) stablecoin collapse in 2022 come to light. Kwon…
Terraform Labs Accuses Citadel Securities of Destabilizing its UST Stablecoin
In the latest twist, Terraform Labs, a defunct crypto network, is accusing Citadel Securities of participating in intentional efforts to destabilize its stablecoin TerraUSD classic (USTC) in 2022, eventually leading…
Terraform Labs Founder Do Kwon Seeks Dismissal of SEC’s Interrogation Request
Terraform Labs founder Do Kwon has submitted a court filing urging a federal court to dismiss the U.S. Securities Exchange Commission’s (SEC) request to question him in the country regarding…