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Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy

[Sep 19 9:10 PM] Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors…

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

[Aug 21 9:30 PM] The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered…

3AC liquidators file $1.3B claim against Terraform Labs

[Aug 13 10:22 AM] 3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem.

Montenegrin Court Upholds Extradition of Terraform Labs Co-Founder Do Kwon to South Korea

[Aug 2 12:20 PM] In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a…

Terraform Labs to sell 4 companies as part of wind-down

[Jul 10 11:14 PM] The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.

US judge approves Terraform’s $4.5B settlement with SEC

[Jun 13 4:34 PM] A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC.

Terraform Labs ends operations, Terra community takes over

[Jun 13 7:25 AM] Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community.

Ethena (ENA) Is ‘The LUNA Of This Cycle’ With 20x Potential: Expert

[Apr 10 8:00 AM] Charles Edwards, the founder of Capriole Investments, has sparked significant interest and debate within the cryptocurrency community. He heralded Ethena (ENA) as “the Luna of this cycle,” but with a crucial difference: its economic…

Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court

[Mar 22 8:42 AM] Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea.

Terraform Labs Declares Bankruptcy in Delaware

[Jan 21 10:20 PM] Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore.

U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes

[Jan 5 1:00 PM] The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is…

Terraform Labs' LUNA and MIR Tokens are Securities, Judge Rules

[Dec 28, 2023 5:06 PM] A federal judge issued summary judgements siding with the SEC's arguments that Terraform had illegally sold unregistered crypto securities.

Do Kwon Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ

[Dec 7, 2023 11:33 AM] The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.

Terraform’s Do Kwon mounts last ditch effort to avoid extradition: Report

[Dec 6, 2023 6:40 PM] Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro.

Do Kwon: What Happened To The Terra Luna Founder?

[Dec 2, 2023 12:45 PM] Few names have sparked as much intrigue and controversy as Do Kwon (sometimes called Kwon Do). From the meteoric rise of Terra Luna to its sudden and tumultuous downfall, Do Kwon has become a figure of significant interest and speculation. In this…

Road To $1: Why Did Terra Classic (USTC) Rise 300% In One Day?

[Nov 27, 2023 3:30 AM] TerraClassicUSD (USTC), the algorithmic stablecoin tied to the LUNA ecosystem, recently went on an upward trajectory to register gains of over 300%. In a stunning cascade of events, the token’s price spike in the past 24 hours has left investors…

Crypto Market’s Mixed Fortunes — BONK, TAO, and KAS Rise as Several Other Cryptos Stagnate

[Nov 20, 2023 10:00 AM] As of this writing, the crypto market is cruising at a value of $1.42 trillion, with bitcoin (BTC) holding 49.9% of the overall market cap. This past week saw both bitcoin and ethereum experiencing notably stagnant weeks in terms of their…

Under New Leadership, Terraform Labs Acquires Cross-Chain Analytics Firm Pulsar Finance

[Nov 13, 2023 3:30 PM] In a recent development, Terraform Labs has completed the acquisition of Pulsar Finance, a firm specializing in cross-chain analytics and portfolio management. The acquisition occurs as Terraform’s former CEO Do Kwon remains incarcerated in…

SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report

[Nov 9, 2023 12:00 AM] “If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated.

Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case

[Oct 30, 2023 10:54 AM] Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.

Analyst Predicts Terra LUNA To Surge By 80-100% Following Key Event

[Oct 29, 2023 11:00 AM] LUNA, the native token of the Terra 2.0 blockchain, was among the many gainers in the past week positively affected by Bitcoin’s impressive rally toward the $35,000 mark. According to data from CoinMarketCap, LUNA is up by 13.96% in the last seven…

Billionaire Ken Griffin's Citadel Securities Denies 'Ridiculous' Claim That It Tanked Do Kwon's Terraform

[Oct 26, 2023 1:02 PM] Citadel said the claims by Terraform was filed to "deflect attention" from its alleged charges.

Do Kwon dismisses Slack chat records as irrelevant evidence

[Sep 29, 2023 8:23 PM] Leaked Slack conversations between Terraform Labs co-founders, Do Kwon and Daniel Shin, have exposed their contemplation of orchestrating fraudulent transactions.

Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg

[Sep 24, 2023 3:30 PM] Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave…

Terra Website Compromised; Developers Warn Against Phishing Scam

[Aug 21, 2023 7:47 AM] Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers.

Trader Who Predicted Luna's Downfall Now Holds 450K MOON Tokens

[Aug 9, 2023 4:32 AM] GCR likely bought 450,000 MOON at an average price of 40 cents-45 cents, Loch Research's Prithvi Jhaveri said.

Is Worldcoin Just Another LUNA? Crypto Influencer Reveals

[Aug 7, 2023 11:00 AM] Worldcoin (WLD) has recently emerged as a subject of fervent discussion especially due to its biometric data collection through retina scans. Its launch came in amid the growing interest in decentralized finance (DeFi) and blockchain technology as…

Terra interim CEO says any 'little progress' made gets derailed by accusations

[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.

Terraform Labs Appoints New CEO Following Do Kwon’s Sentencing In Montenegro

[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…

Italy’s central bank calls for framework to prevent stablecoin runs

[Jun 28, 2023 7:44 PM] Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”