News with the tag "terraform labs"

The legal troubles of Do Kwon are far from over. A US federal judge has postponed his court hearing, originally set for March 6, after prosecutors uncovered a massive amount of new evidence. With four terabytes of additional data now in play, the case against the Terraform Labs co-founder is becomin...

South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea ‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD ( USTC ) and its sister token Terra ( LUNA ) are not financial investment pro...

The U.S. Securities and Exchange Commission (SEC) saw a 30% decline in crypto-related enforcement actions during the final year of former Chair Gary Gensler’s tenure. As per a report by Cornerstone Research , the agency initiated only 33 crypto-related actions in its last year under Gensler, down fr...

Jump Trading filed a lawsuit against Liam Heeger, its former software engineer. Heeger co-led the major blockchain project Firedancer at the company. He is accused of violating non-competition obligations by now running a “competitive business.” According to the lawsui t filed by Jump Operations on ...

Do Kwon, founder of Terraform Labs, is officially heading to trial in January 2026. The charges? Criminal fraud tied to the $40 billion collapse of TerraUSD and Luna, two cryptocurrencies that turned the crypto market upside down in 2022. The trial, set to take place in New York, will be overseen by...

Federal prosecutors revealed that they anticipate a substantial amount of data from Terraform Labs founder Do Kwon’s communications as part of the evidence in his upcoming trial, according to new legal documents. This extensive review includes an analysis of Kwon’s email accounts, social media activ...

The U.S. criminal fraud trial of Do Kwon, co-founder and former CEO of Terraform Labs, has been scheduled to begin in January 2026. The decision was announced during an initial hearing in Manhattan, as prosecutors and defense attorneys prepare to review an extensive six-terabyte trove of evidence. H...

Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea’s petition.

Do Kwon, the South Korean entrepreneur behind the failed cryptocurrencies TerraUSD and Luna, is set to appear in a Manhattan federal court on Thursday, facing serious criminal fraud charges . This follows his recent extradition from Montenegro, where he had been detained for over a year after attemp...

Do Kwon faces 8 criminal charges in the US for the Terra-Luna collapse and fraud. The Terra-Luna crash caused $40B in losses, leading to Terraform Labs’ bankruptcy. Kwon could face up to 130 years in prison if convicted of all charges. Do Kwon, the co-founder of Terraform Labs, faces multiple crimin...