The bankruptcy administrator for Terraform Labs has filed a lawsuit against Jane Street, accusing the company of insider trading in connection with the Terra ecosystem crash in 2022. The lawsuit was filed by Todd Snyder on behalf of Terraform Labs in federal court in New York. According to the lawsuit,
Do Kwon, co-founder of Terraform Labs, was sentenced to 15 years in federal prison after he pleaded guilty to wire fraud and conspiracy charges. The decision of Thursday, Judge Paul Engelmayer, directly relates to Kwon’s criminal activities that caused the 2022 crypto crash that resulted in a loss of almost
Terraform Labs is finally giving creditors a way to recover their lost funds from the TerraUSD (UST) collapse. The company will be launching Crypto Loss Claims Portal, to administer the funds recovery process. The announcement came from a recent post in the TerraFormofficial X handle. The crypto Loss Claims portal
As the Asian world wakes up to Bitcoin reclaiming the $97K mark, other altcoins have also traveled further in the bullish trend. In the past day, in an interesting turn of events, AI tokens took to the spotlight, with market cap surging past $100 billion. Meanwhile, TerraForm Labs’ former CEO,
The legal saga of Do Kwon, the co-founder of Terraform Labs, is nearing a major turning point. Montenegro’s Justice Minister, Bojan Božović, has confirmed that a decision regarding Kwon’s extradition is expected by the end of this week, Oct 19. Do Kwon has been held in Montenegro custody since March
Terraform Labs has received the green light from a U.S. bankruptcy court to begin winding down its operations following the resolution of a prolonged legal case with the U.S. Securities and Exchange Commission (SEC), according to reports from September 19. The U.S. Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan,
Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to evaluate the company’s proposed restructuring and liquidation plans for Terraform Labs Pte Ltd. and Terraform Labs Limited. On August
The Luna Foundation Guard (LFG) announced the movement of its crypto holdings to a direct custody solution, citing “safety” measures. LFG is the non-profit organization of Terraform Labs, the firm that recently made a settlement in a legal battle with the SEC. Terraform Labs and its founder Do Kwon were
The High Court in Podgorica has made a historic ruling, rejecting South Korea’s plea for extradition and ordering the extradition of Do Kwon, the former CEO of Terraform Labs, to the United States. The court’s decision is the result of lengthy discussions about the extradition’s political and legal ramifications. Reports
A Montenegro court has revoked the decision to extradite Do Kwon, co-founder of Terraform Labs, to either the U.S or South Korea. The decision of the High Court of Podgorica to approve Kwon’s extradition to either the United States or South Korea was annulled on December 14 by the Appellate
