[Aug 1, 2023 9:30 PM] A senior U.S. district judge has rejected the approach taken in the Securities and Exchange Commission (SEC) v. Ripple ruling regarding XRP. “The court declines to draw a distinction between these coins based on their manner of sale,”…
[Jul 22, 2023 8:47 PM] Terraform Labs recently appointed CEO, Chris Amani, held a Twitter Spaces with the purpose of separating the operations of Terraform Labs from Do Kwon’s personal affairs.
[Jul 22, 2023 5:30 PM] The U.S. Securities and Exchange Commission (SEC) has told a federal court that some portions of the Ripple ruling regarding XRP “were wrongly decided.” The regulator has asked the court to ignore parts of the ruling, noting that…
[Jul 21, 2023 11:30 AM] Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the…
[Jul 20, 2023 9:00 AM] Terraform Labs has announced the appointment of Chris Amani as the interim Chief Executive Officer (CEO), replacing co-founder Do Kwon. Terraform Labs Elevates Former COO Chris Amani as Director and Interim CEO Chris Amani, an experienced leader…
[Jul 5, 2023 12:49 PM] Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses.
[Jun 27, 2023 8:44 AM] Law enforcement officials in Switzerland reportedly seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs and its co-founder, Do Kwon. Local media in South Korea revealed that the funds were…
[Jun 27, 2023 5:39 AM] South Korea’s nearly 7 million registered users, many in the nation’s capital, show a huge interest in trading crypto. But CoinDesk’s 4th-ranked Crypto Hub for 2023 is still licking its wounds after the catastrophic collapse of Do Kwon’s Terra…
[Jun 19, 2023 11:00 AM] The Terraform founder Do Kwon, facing eight count charges in the United States for the ecosystem crash, recently denied two allegations against him. Do Kwon was accused of traveling with forged documents and sending financial donations to a former…
[Jun 19, 2023 10:30 AM] Montenegro’s court has determined that Do Kwon, the co-founder of Terraform Labs, is guilty of using a counterfeit Costa Rican passport. As a result, he has been sentenced to four months in jail for the offense. Do Kwon Sentenced to 122 Days…
[Jun 19, 2023 7:11 AM] The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon.
[Jun 19, 2023 12:16 AM] Do Kwon has denied forging travel documentation and refuted having any financial ties to Europe Now party leader Milojko Spajić.
[Jun 16, 2023 3:30 PM] A judge in the United States considered on Thursday whether the cryptocurrencies created by Terraform Labs were securities. The failed blockchain firm and its founder, Do Kwon, have asked the court to dismiss a case filed by the U.S. Securities and…
[Jun 15, 2023 4:14 PM] Courts in the country approved bail for the Terraform Labs founder, but a South Korea extradition request is set to keep him in jail.
[Jun 12, 2023 10:30 PM] The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin.
[Jun 8, 2023 2:30 PM] Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly…
[Jun 5, 2023 2:17 AM] The Terraform Labs co-founder is out on bail after a successful appeal in Montenegro but will be closely monitored until his next court appearance.
[Jun 5, 2023 2:08 AM] A previous approval was annulled by a higher court after it was determined the Terra founder's finances were not sufficiently assessed in the first decision.
[May 25, 2023 2:04 AM] A lower court had determined the value of Kwon's property based on "statements" and not concrete evidence, a high court cited in a decision to scrap his bail approval.
[May 24, 2023 12:00 PM] A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23…
[May 24, 2023 10:38 AM] Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial.
[May 12, 2023 3:00 PM] Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on…
[May 11, 2023 12:30 AM] According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report…
[Apr 28, 2023 2:00 PM] Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are…
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