Terraform Labs to shut down following the SEC settlement
Current CEO Chris Amani announced that Terraform Labs will wind down. Terraform Labs will sell its remaining assets to various digital asset management firms. More information about Terraform Labs’ dissolution…
Terraform Labs agrees $4.5 billion settlement with SEC
Terraform Labs is to pay $4.47 billion to settle with the US Securities and Exchange Commission (SEC). The SEC sued Terraform Labs and its former CEO Do Kwon after the…
SEC seeks $5.3 billion from Terraform Labs and Do Kwon
The US Securities and Exchange Commission (SEC) seeks a $5.3 billion judgement against Terraform Labs and co-founder & CEO Do Kwon. Terraform Labs filed a motion for settlement at $3.5…
Trial against Terraform Labs and Do Kwon to begin in NYC in Kwon’s absence
The trial against Terraform Labs and Do Kwon begins in NYC post-prison release. SEC accuses Kwon of fraud over TerraUSD collapse, sparking $40B loss. As the NYC trial unfolds, the…
Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities
Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws. SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged…
Terra LUNA price plunges: SEC charges Terraform Labs for fraud
The SEC has charged Terraform and its founder with fraud. The SEC accuses Terraform Labs of embezzling billions of dollars from investors. The news has sent the price of Terra…
Interpol issues red notice for Terraform Labs’ co-founder, Do Kwon
Terraform Lab’s co-founder Do Kwon is now on Interpol’s list as the talks regarding… The post Interpol issues red notice for Terraform Labs’ co-founder, Do Kwon appeared first on CoinJournal.