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SEC nets record $8.2B from enforcement, mostly from Terraform Labs

[Nov 25 1:10 AM] Terraform Labs’ near $4.5 billion settlement with the SEC has contributed to a record year for the agency’s financial penalties.

Terraform wallet moves $62M BTC as Do Kwon remains in legal limbo

[Sep 3 4:33 PM] Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 BTC.

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.

SEC shoots down Ripple’s argument for a lower penalty

[Jun 16 7:37 PM] The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs.

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.

U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC

[Jun 13 3:33 PM] The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties.

New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

[Apr 5 1:43 PM] The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.

Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit

[Oct 30, 2023 8:56 PM] Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws.

Terraform Labs contends Citadel Securities had a hand in its stablecoin collapse

[Oct 12, 2023 10:57 PM] Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022.

US Judge Considers if Crashed Coins of Terraform Labs Were Securities

[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…

Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says

[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…

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

[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…

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

[Apr 16, 2023 5:30 AM] Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that…

Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

[Apr 4, 2023 6:30 PM] Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may…

South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin

[Apr 1, 2023 12:30 AM] A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna…

Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition

[Mar 30, 2023 7:30 AM] Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before…

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

[Mar 24, 2023 1:30 PM] According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the…