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Terraform Labs Sets March 31 Launch for Crypto Loss Claims Portal

[yesterday 3:30 AM] Terraform Labs will launch a Crypto Loss Claims Portal on March 31, 2025, enabling investors impacted by the 2022 collapse of terrausd (UST) and associated cryptocurrencies to seek compensation. Kroll to Manage Terraform’s Crypto Loss Claims…

Do Kwon in US custody, South Korean president impeached: Law Decoded

[Jan 6 7:00 PM] Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea’s petition.

Terraform co-founder Do Kwon appears before US judge, pleads not guilty

[Jan 2 6:11 PM] “The defendant orchestrated schemes to defraud purchasers of cryptocurrencies,” the indictment against the Terraform co-founder read.

Do Kwon is in US custody after extradition battle

[Dec 31, 2025 3:46 PM] The Terraform Labs co-founder was arrested in Montenegro in 2023 for using falsified travel documents as the courts determined whether he would go to the US or South Korea.

Report: Montenegro Agrees to Extradite Terraform Labs’ Do Kwon to the US

[Dec 27, 2024 5:14 PM] Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon’s U.S. Extradition Approved Amid Fraud Charges…

Montenegro justice minister approves Do Kwon’s extradition to US

[Dec 27, 2024 5:07 PM] Do Kwon was apprehended by law enforcement in Montenegro in June 2023 after attempting to flee the country with a false passport.

Montenegro court rejects Do Kwon’s extradition appeal

[Dec 25, 2024 9:03 AM] Montenegro’s Constitutional Court rejected Do Kwon’s appeal, backing his extradition amid claims by the US and South Korea.

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

[Nov 25, 2024 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.

Montenegro halts Do Kwon’s extradition again ahead of appeal ruling

[Oct 18, 2024 8:06 PM] Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry.

Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022

[Oct 14, 2024 2:39 AM] In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.

Crypto Companies paid $19B in Settlements to US Regulators in 2024

[Oct 13, 2024 2:26 AM] Since 2019, US regulators have collected a total of $31.92 billion in settlements from 25 crypto companies across various lawsuits. 

Crypto Biz: Bitfarms gets new board after months of power struggles

[Sep 27, 2024 9:30 PM] Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. 

Terraform Labs may close products, services in bankruptcy wind-down

[Sep 25, 2024 8:24 PM] Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.

Do Kwon’s extradition case goes back to Montenegrin justice minister

[Sep 20, 2024 8:00 PM] According to Montenegro’s Supreme Court, the US and South Korea had both met the conditions for applying for Do Kwon’s extradition to face criminal charges.

Court approves Terraform Labs winding down in bankruptcy hearing

[Sep 19, 2024 9:55 PM] After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down.

Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy

[Sep 19, 2024 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…

SEC crypto enforcement hits $4.7B this year, rising 3,000% from 2023

[Sep 10, 2024 4:19 AM] The SEC is having a record crypto enforcement year, bolstered by a $4.47 billion settlement with Terraform Labs and its former CEO, Do Kwon.

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

[Aug 21, 2024 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…

Terraform Labs bankruptcy reorganization hearing set for September

[Aug 21, 2024 10:10 AM]  The court’s decision will determine if the company can restructure or must liquidate.

3AC liquidators file $1.3B claim against Terraform Labs

[Aug 13, 2024 10:22 AM] 3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem.

Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg

[Aug 13, 2024 7:06 AM] Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.

Montenegrin court delays Do Kwon’s extradition to South Korea

[Aug 8, 2024 4:22 PM] The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States.

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

[Aug 2, 2024 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…

Terra chain halts operations, ASTRO token falls over 60%

[Jul 31, 2024 9:12 AM] The Terra blockchain halt led to the ASTRO token value falling due to a suspected exploit.

Montenegro Prime Minister Listed Among Top Terraform Labs Investors in SEC Filing

[Jun 21, 2024 7:22 PM] Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform…

US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terraform Labs

[Jun 20, 2024 10:00 PM] A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice…

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

[Jun 13, 2024 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.

Terraform Labs ends operations, Terra community takes over

[Jun 13, 2024 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.

Terraform Labs to Dissolve After SEC Settlement, CEO Announces

[Jun 13, 2024 6:17 AM] Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC…

Terraform Labs, Do Kwon Agree to Pay SEC a Combined $4.5B in Civil Fraud Case

[Jun 12, 2024 12:10 PM]