Terra USD

Highlights: Do Kwon is facing new legal risks as Korea prepares separate charges for the founder. Korean prosecutors plan to focus on investor losses and alleged violations of capital markets rules in the new trial. The transfer decisions and sentencing […]

Highlights: Do Kwon is set for a plea change in a US court over the TerraUSD collapse that erased billions in investor value. US prosecutors and Do Kwon have discussed a plea deal that could impact related fraud charges in […]

Highlights: Galaxy Digital will pay a fine for promoting LUNA without disclosing its holdings. The company sold LUNA tokens, and investors lost money after the token collapsed. Authorities are on the lookout to protect investors from misleading promotions. Galaxy Digital […]

Highlights: A judge has delayed the hearing to April 10 so the defense can review four terabytes of new evidence. Kwon was extradited to the United States after serving prison time in Montenegro for using a fake passport. A court […]

Highlights: South Korea’s Supreme Court ruled that the two tokens are not securities under the Capital Markets Act. Prosecutors failed to seize Terraform Labs co-founder Shin Hyun-Seong’s assets due to the court’s decision. Terraform Labs executives still face fraud charges […]

Highlights: Do Kwon has been extradited to the United States to face fraud charges after Terraform collapse.   The crash of TerraUSD and Luna wiped out investor funds and caused major bankruptcies in the crypto industry.   Do Kwon is facing charges […]

Highlights: Terraform Labs and CEO Do Kwon agree to settle with the SEC on fraud charges. Settlement terms to be finalized and submitted for approval by June 12, 2024. Do Kwon faces separate criminal charges in the US and South […]