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Jump Crypto subsidiary Tai Mo Shan settles with SEC for $123 million

[yesterday 9:12 PM] The ensuing fallout from the Terra ecosystem collapse eventually caused Terraform Labs to shut down following a settlement with the SEC.

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.

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.

Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound

[May 17 7:47 AM] According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin…

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…

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…

BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

[Nov 8, 2023 11:11 AM] For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.

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.

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.

Do Kwon says SEC's extradition request is impossible

[Sep 27, 2023 6:54 PM] The Terraform Labs co-founder has pushed back against the SEC’s request to question him in the United States.

SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea

[Aug 17, 2023 6:43 PM] The Securities and Exchange Commission wants to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs.

DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization

[Jun 16, 2023 4:30 PM] Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately…

U.S. Court Will Rule on Terraform Labs' Push to Dismiss SEC Lawsuit Within a Month

[Jun 15, 2023 7:57 PM] Was UST a security because it was designed for practical uses rather than as an investment?

Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion

[Jun 1, 2023 8:30 AM] On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by…

Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show

[Apr 24, 2023 4:59 AM] The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said.

Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case

[Apr 22, 2023 3:30 PM] Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that…

Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

[Apr 1, 2023 2:40 AM] Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs.

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

[Mar 14, 2023 8:00 AM] The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from…

USDC Is In Trouble, But It Won’t Go To Zero Like UST Did – Here’s Why

[Mar 11, 2023 5:06 AM] USDC, the stablecoin tracing the USD, is under immense pressure as users rush to convert to other assets, including BUSD by Paxos and USDT by Tether Holdings. USDC Has De-pegged As USDC’s market cap rapidly shrinks, primarily because of mass…

5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter

[Feb 26, 2023 9:30 AM] 2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of…

Yield platform Stablegains sued for promoting UST as a 'safe' investment

[Feb 19, 2023 11:05 PM] The stablecoin yield platform is being sued for customer losses following exposure to the Anchor Protocol and UST collapse last year.

Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud

[Feb 16, 2023 5:41 PM] The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities…

Luna Classic Faces Strong Resistance At This Level – Can Bulls Barrel Through?

[Feb 9, 2023 8:14 AM] Altcoins in the crypto space have been seeing a lot of volatility lately as major cryptocurrencies Bitcoin and Ethereum face resistances which hindered their growth. Luna Classic, the revival attempt of the Terra Luna ecosystem, is one of those…

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

[Dec 28, 2022 9:30 AM] 2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23…

Terra co-founder Do Kwon hiding out in Serbia, authorities say

[Dec 11, 2022 8:21 PM] South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea.

FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in

[Dec 8, 2022 1:00 AM] As part of a broader inquiry into FTX's collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.

Binance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund

[Nov 17, 2022 11:30 AM] During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow…

Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg

[Nov 16, 2022 3:30 PM] Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS…