Do Kwon: fugitive cryptocrash boss finally extradited to US - BBC News
2 days ago · But, despite a huge amount of money being poured into the coins, on 9 May 2022 Terraform Labs collapsed catastrophically, losing more than 99% of its value in 48 hours.
After FTX's Sam Bankman-Fried, Terraform Labs co-founder Do …
1 day ago · The final days of 2024 saw Terraform Labs co-founder and CEO Do Kwon extradited to the United States to face securities fraud charges. Kwon stands accused of orchestrating a massive crypto asset fraud tied to an algorithmic stablecoin and other digital assets, a case that has drawn significant attention from regulators and investors alike.
Montenegro extradites cryptocurrency mogul Do Kwon to the
2 days ago · FILE - Montenegrin police officers escort South Korean citizen, Terraform Labs founder Do Kwon in Montenegro's capital Podgorica, Saturday, March 23, 2024. (AP Photo/Risto Bozovic, File) PODGORICA ...
Terraform Labs co-founder Do Kwon will face securities fraud
2 days ago · South Korean-based Terraforms Labs wiped out $40 billion from the crypto market when its TerraUSD and Luna stable coins turned out to not be so stable and collapsed in May 2022. Kwon had already ...
Terraform and Kwon to Pay $4.5 Billion Following Fraud Verdict
Jun 13, 2024 · On April 5, 2024, a jury unanimously found Terraform and Kwon liable for securities fraud after less than two hours of deliberation. As part of the settlement, Terraform agreed to pay $3,586,875,883 in disgorgement, $466,952,423 in prejudgment interest, and a $420,000,000 civil penalty.
Terraform Labs to dissolve following US$4.47 billion settlement
Jun 13, 2024 · The US$4.47 billion settlement agreement with the SEC announced Wednesday requires Kwon Do-hyung, former CEO of Terraform Labs, to pay US$204 million to the bankruptcy estate. The settlement...
Terraform Labs approved for bankruptcy wind-down after US SEC …
Sep 19, 2024 · (Reuters) - Terraform Labs received court approval on Thursday to wind down its operations in bankruptcy after agreeing to settle a U.S. Securities and Exchange Commission lawsuit accusing the...
Cryptocurrency firm Terraform Labs files for bankruptcy in US - BBC
Jan 22, 2024 · The bankruptcy documents, filed in Baltimore, list Terraform as having between $100m and $500m in assets. They also say Do Kwon owns 92% of the shares of the company, with his co-founder Daniel...
Terraform Labs to end operations, Terra community will take over
Jun 13, 2024 · Terraform Labs is shutting down following a $4.47 billion SEC settlement, transferring Terra’s control to the community and highlighting the impact on the crypto market.
Terraform Labs to shut down after $4.5B SEC settlement: Law …
Jun 17, 2024 · Terraform Labs has agreed to pay the United States Securities and Exchange Commission (SEC) roughly $4.47 billion as part of its settlement with the securities regulator. The duo settled after...