Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app.

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Another Theranos? Do Kwon Stares At Multiple Lawsuits As Investors Sense Fraud In Terra’s Debacle

Last week, a columnist described Terraform Labs' co-founder Do Kwon as “the Elizabeth Holmes of Crypto.”

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Корейские инвесторы против До Квона: руководитель Terra может предстать перед судом и лишиться имущества

Основатель и генеральный директор Terraform Labs До Квон (Do Kwon) и соучредитель Дэниел Шин (Daniel Shin) могут предстать перед судом после краха криптовалютного проекта Terra, всколыхнувшего криптовалютную общественность на прошлой неделе.

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Terra Investors Reportedly Preparing to Sue Do Kwon for Fraud

The South Korean law firm LKB & Partners is reportedly preparing to sue Terraform Labs co-founder and CEO Do Kwon for fraud on behalf of investors financially harmed by Terras...

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South Korean lawmaker suggests summoning Do Kwon to the national assembly

Yun Chang-hyeon, a lawmaker in South Korea’s ruling party, People’s Power, has suggested summoning Terraform Labs’ founder Do Kwon to a parliamentary hearing. The post South Korean lawmaker suggests summoning Do Kwon to the national assembly appeared first on CryptoSlate.

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Crypto users react to Terraform Labs legal team purportedly leaving company

Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money.

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Do Kwon Says Terra Could Fork Into Two Blockchains

Terraform Labs CEO Do Kwon has announced a second revival plan for the failing Terra ecosystem in a Twitter thread. Do Kwon Announces Revival Plan Do Kwon is not ready...

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Do Kwon proposes Terra hard fork to save ecosystem

Terraform Labs will put the proposal up for a governance vote on May 18 Asia time.

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До Квон предложил план возвращения к жизни Terra — произойдет перераспределение токенов

Два дня молчал соучредитель Terraform Labs До Квон (Do Kwon) и, наконец, опубликовал свое предложение по возрождению экосистемы Terra. Новый план основателя Terra должен стать выходом из критической ситуации, в которой оказалась экосистема после отвязки алгоритмического стейблкоина UST от доллара США и последовавшей за этим «спирали смерти», которая обратила токены Terra (LUNA) практически в ноль.

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Terra (LUNA) Founder Breaks Silence, Proposes New Revival Plan for Ecosystem

Terra co-founder and CEO of Terra Labs, Do Kwon, has finally spoken on the crash of its network. He has submitted a proposal on how the embattled Terra ecosystem can be salvaged from its current ruins.

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The Human Cost of Lunatic Hubris

erraform Labs' Do Kwon and his collaborators sold a bad bet to tens of thousands of everyday folks. We're beginning to see how immense the harm was.

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Do Kwon’s Proposed Terra ‘Revival’ Puts UST, LUNA Holders in Charge

A “Revival Plan” submitted Friday by the Terraform Labs CEO would redistribute ownership of the network.

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Do Kwon fears for his safety following Terra (LUNA) implosion

Korean news outlet Money Today has reported that TerraForm Labs CEO Do Kwon has requested police protection. The post Do Kwon fears for his safety following Terra (LUNA) implosion appeared first on CryptoSlate.

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Terra founder reportedly has link to failed stablecoin, Basis Cash

A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash. The post Terra founder reportedly has link to failed stablecoin, Basis Cash appeared first on CryptoSlate.

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Do Kwon Outed as Co-Founder of Previous Failed Stablecoin Project

According to new reporting fromCoinDesk,Terraform Labs CEO Do Kwon was previously involved in stablecoin project Basis Cash under the pseudonym “Rick Sanchez.” If true, it would mean that UST is...

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TerraForm Labs CEO Do Kwon announces recovery plan for LUNA, UST following crash

Terraform Labs CEO Do Kwon announced a possible “solution” to deal with the massive crash LUNA and UST experienced over the last couple of days. The post TerraForm Labs CEO Do Kwon announces recovery plan for LUNA, UST following crash appeared first on CryptoSlate.

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UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say

Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.

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Terra founder Do Kwon shares plan to save the UST stablecoin peg

Do Kwon, co-founder of Terraform Labs, has shared a rescue plan for the de-pegged stablecoin UST.

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Terra's Bridge Now Interacts with Solana, Avalanche, Fantom, Here's How

Do Kwon, CEO and founder of Terraform Labs, shares update on Terra's cross-chain system status

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Terra’s Do Kwon Buys $230 Million of Bitcoin

Do Kwon targets $10 billion BTC to back TerraUSD (UST). Terraform Labs founder and…

The post Terra’s Do Kwon Buys $230 Million of Bitcoin appeared first on Coin Journal.

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$12 Billion: Terra's Anchor Protocol Smashes Through Another Milestone

Terraform Labs' Do Kwon is fascinated by new accomplishment of a flagship protocol of his ecosystem

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Terra приобрела 31 000 BTC и вышла на третье место в рейтинге держателей биткоина

На кошелек экосистемы Terra продолжают поступать биткоины. Их общая сумма уже достигла 31 000 BTC, что по текущей цене составляет $1,45 млрд. Берегись, Майкл Сэйлор! Генеральный директор Terraform Labs До Квон (Do Kwon) идет по горячим следам главы MicroStrategy.

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Terra увеличит запасы биткоинов до $10 млрд

Основатель и генеральный директор Terraform Labs До Квон (Do Kwon) рассказал, что проект Terra увеличит свои запасы BTC до $10 млрд. Они выступят обеспечением стейблкоина UST.

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Terraform Labs CEO closes $10M bet on LUNA price

Terraform Labs CEO Do Kwon finalised a bet with GCR, a crypto personality (short for Gigantic Rebirth) of $10 million. Do Kwon is betting on a higher future price of Terra (LUNA/USD). Both parties have sent $10 million in stablecoins to an escrow account.

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Основатель Terraform Labs поставил $1 млн на то, что LUNA не упадет в цене ниже $88

Основатель Terraform Labs принял пари от криптоэксперта Sensei Algod, который заявил, что токен LUNA через год упадет в цене ниже $88. Глава Terraform Labs До Квон (Do Kwon) схлестнулся с Sensei Algod в Twitter.

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Stader Labs announce $12.5 million strategic raise, receives praise from Terra founder Do Kwon

There are now over 15,000 unique wallets staking on Stader Labs, with total value locked of around $500 million.

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SEC targeting 'legitimized crypto institutions' for 'publicity,' Terraform CEO retorts

In an unprecedented move, major cryptocurrency company, Terraform Labs and its co-founder Do Kwon sued the SEC as per recent court filings. The co-founder was issued with a subpoena by the U.S. SecuriThe post SEC targeting 'legitimized crypto institutions' for 'publicity,' Terraform CEO retorts appeared first on AMBCrypto.

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Terraform Labs Files Lawsuit Against SEC After Receiving Subpoenas

Terraform co-founder and CEO Do Kwon and Terraform Labs is suing the SEC for conduct that could be in violation of rules. The post Terraform Labs Files Lawsuit Against SEC After Receiving Subpoenas appeared first on BeInCrypto.

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Terra is preparing to burn more than 9% of the total LUNA supply

Do Kwon, co-founder and CEO of Terraform Labs, the South Korean company behind the blockchain project Terra (LUNA), recently announced on Twitter that the on-chain vote for the project’s proposal 44 will be initiated on Wednesday and will be in a voting period for two weeks.

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Terra founder Do Kwon files lawsuit against the U.S. SEC

Do Kwon and Terraform Labs (TFL), the South Korean company behind the blockchain project Terra (LUNA), are suing the US Securities and Exchange Commission (SEC), last week’s filing shows. The post Terra founder Do Kwon files lawsuit against the U.S. SEC appeared first on CryptoSlate.

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