Tag: terrausd

terrausd

Latest News

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington D.C. in 2021. [REUTERS]

U.S. court approves bankruptcy wind-down for Terraform Labs

Terraform Labs, the platform behind the collapsed stablecoin TerraUSD, has been approved by a U.S. court to wind down operations in bankruptcy on Thursday after agreeing to a $4.47 billion settlement with the U.S. Securities and Exchange Commission.

2024.9.20

Do Kwon, the cryptocurrency entrepreneur, who created the failed TerraUSD stablecoin, is taken to court in handcuffs, to face charges of forging official documents, in Podgorica, Montenegro, March 24, 2023. [REUTERS/YONHAP]

Terra's Do Kwon to be extradited to Korea: Montenegro court

The failed crypto mogul Do Kwon will be extradited to Korea rather than the United States over the $40 billion collapse of the TerraUSD coin in 2022, said a Montenegrin high court on Thursday.

2024.3.8

Most popular

Do Kwon being transferred to a court in Podgorica, Montenegro, for trial on passport forgery charges on June 16, 2023. [VIJESTI]

Montenegrin court overturns ruling to extradite Terra founder Do Kwon to U.S.

An appeals court in Montenegro overturned an earlier decision to extradite Do Kwon, the disgraced Korean cryptocurrency mogul, to the United States over criminal fraud charges, the court's website showed Tuesday.

2024.3.6

This photo, taken June 16, 2023, which was provided by the Montenegro-based daily newspaper Vijesti, shows Korean crypto fugitive Do Kwon heading to the district court in Podgorica, the capital city of Montenegro, to attend his trial on charges of using a fake passport. [Yonhap]

Terraform Labs' Do Kwon faces extradition in Montenegro

Do Kwon, co-founder of Terraform Labs, has been granted extradition to Korea or the United States by a Montenegro court. Kwon was arrested in Podgorica in March after months on the run with forged passports.

2023.11.26

Co-founder and CEO of cryptocurrency Terraform Labs is charged with a multibillion-dollar fraud in the United States. [REUTERS/YONHAP]

Do Kwon bail revoked by Montenegro high court

A higher court in Montenegro allowed the local prosecutors’ appeal to a lower court’s decision to grant bail to Do Kwon, the cryptocurrency mastermind charged with a multibillion-dollar fraud in the United States.

2023.5.25

Terraform Labs co-founder Do Kwon is taken to court after being arrested in Montenegro on March 24. [AFP/YONHAP]

Do Kwon's punishment depends on whether cryptocurrencies are securities

The key factor deciding the severity of Do Kwon’s punishment will be proving his creations — TerraUSD and Luna — are securities, according to the legal circle in Korea.

2023.3.27

Terraform Labs co-founder Do Kwon speaks in an interview with Coinage. The interview was released in August. [SCREEN CAPTURE]

Korean prosecutors to seek extradition of Terraform Labs' Do Kwon

Korean prosecutors will seek the extradition of Do Kwon, 32, the Terraform Labs co-founder behind a $40 billion implosion, after he was arrested in Montenegro on Thursday.

2023.3.24

Terraform Labs co-founder Do Kwon [SCREEN CAPTURE]

Terraform Labs co-founder Do Kwon charged with fraud by U.S. prosecutors

Do Kwon, the Terraform Labs co-founder behind a $40 billion implosion, was charged with fraud by U.S. prosecutors in New York.

2023.3.24

Terraform Labs co-founder Do Kwon [JOONGANG PHOTO]

Do Kwon likely arrested in Montenegro

Montenegro's interior minister said that the country's police had likely arrested Do Kwon, the co-founder of Terraform Labs, on Thursday in Montenegro.

2023.3.23

Terraform Labs founder Do Kwon [SCREEN CAPTURE]

Terraform Labs, founder Do Kwon transferred over 10,000 Bitcoin out of project

Terraform Labs and its founder Do Kwon transferred more than 10,000 Bitcoin out of the project and moved some of the tokens into a Swiss bank account, according to a Bloomberg report Friday.

2023.2.20