Tag: Terraform Labs

The long-running legal saga of Do Kwon, co-founder of the now-defunct Terraform Labs, has reached a turning point

There were speculations about how the recent disintegration of the DOJ crypto unit would impact the case of Terraform co-founder Do Kwon

Terraform Labs, the company behind LUNA and the TerraUSD (UST) stablecoin, gives investors a final chance to recover their losses

Terraform Labs co-founder Do Kwon has pleaded “not guilty” to the numerous criminal charges levied against him in the United States

Do Kwon, the mastermind behind one of crypto’s most catastrophic downfalls, is set to face justice in the United States

Terraform co-founder Do Kwon may have to explore another legal route as Montenegro’s Constitutional Court reportedly dismissed his appeal

The defunct Terraform Labs has revealed its plans to wind down its operations, products and services soon after SEC settlement

The one behemoth startup Terraform Labs has decided to wind down its operations following its settlement with the US SEC

Terraform Labs is considering shutting down after it agreed to a $4.47 billion settlement with the United States SEC

Terraform proposed that $1 million in civil penalties would be "far more appropriate" than the SEC's multibillion-dollar proposal.

The SEC requested that Kwon and Terraform Labs pay roughly $4.7 billion in disgorgement and prejudgment interest. 

Terraform Labs argued that a $1 million civil penalty would be “far more appropriate” than the SEC’s multibillion-dollar proposal.

While Terraform suggested a maximum civil penalty of $3.5 million and Kwon proposed only $800,000, the SEC argued for higher penalties.

The civil trial with the SEC commenced more than a year after the commission filed a lawsuit against Terraform in February 2023.

Do Kwon, the co-founder and former CEO of Terraform Labs has secured freedom from Montenegro Prison amid extradition saga

Embattled Terraform Labs co-founder Do Kwon has won the Appeal against his proposed extradition to the United States

It hasn’t been decided when Do Kwon will be traveling to the United States but his trial as been postponed to late March.

Terraform Labs CFO Han Chang-joon has been arraigned in South Korea for allegations bordering on fraudulent marketing