Terraform Labs

Highlights: Terraform is suing Jane Street over alleged use of non-public information during the 2022 Terra collapse. The lawsuit claims large TerraUSD trades happened minutes after a major liquidity withdrawal. The bankruptcy administrator is seeking damages and a jury trial […]

Highlights: The Terraform liquidator has sued Jump Trading over claims tied to the Terra collapse. The lawsuit focuses on secret support for TerraUSD and large token sales before the market collapse. The lawsuit comes amid the sentencing of Do Kwon […]

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: Terraform Labs has launched a claims portal for UST creditors. Only specific assets qualify for compensation as crypto holdings under $100 are excluded. Terraform Labs filed for bankruptcy in 2024, and the court approved its $4.47 billion settlement with […]

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: 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: Montenegro’s decision on Do Kwon’s extradition will conclude a long legal process. South Korea and the US are vying to prosecute Do Kwon for the Terra ecosystem’s collapse. The extradition ruling could establish a precedent for future cross-border crypto […]

Highlights: The US SEC set a record for crypto penalties in 2024, totaling $4.7 billion. This year’s fines represent 63% of the $7.42 billion imposed since 2013. The increase underscores the SEC’s intensified scrutiny and enforcement in the crypto sector. […]

Highlights: Do Kwon-linked wallet transfers $62M Bitcoin amid legal battles and SEC settlement. Terraform Labs holds $2M in altcoins, down from previous substantial reserves after Terra’s collapse. Authorities from the U.S. and South Korea seek Do Kwon’s extradition for fraud […]

In a recent update to Ripple Labs’ ongoing legal tussle with the U.S. Securities and Exchange Commission, the discussion around penalty figures has reignited. Ripple’s Chief Legal Officer, Stuart Alderoty, took a firm stand against the SEC’s revised fine proposal, […]

Highlights: The SEC rejected Ripple’s comparison to Terraform Labs, citing significant case differences. Ripple’s penalty comparison based on Terraform’s ratio ignored gross profits, leading to a proposed $102.6 million penalty. The SEC emphasized that Terraform Labs’ bankruptcy and restitution measures […]