Terraform wallet moves $62M BTC as Do Kwon remains in legal limbo

Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 BTC.

652 +

Terraform labs' Do Kwon to be extradited to South Korea, details here

Amidst ongoing legal battles, Terraform Labs co-founder Do Kwon faced a significant development in his extradition saga. Following a failed bid to extradite him to the United States, Kwon was now set The post Terraform labs' Do Kwon to be extradited to South Korea, details here appeared first on AMBCrypto.

162 +

U.S. SEC pursues summary judgment in case against Do Kwon and Terraform Labs

The U.S. Securities and Exchange Commission (SEC) is demanding a summary judgment on all claims against Do Kwon and Terraform Labs following alleged breaches

234 +

Terraform Labs’ Do Kwon allegedly arrested in Montenegro

Montenegrin police have detained “the most wanted fugitive in the world” — Do Kwon, a South Korean national, co-founder, and CEO of Terraform Labs based in Singapore. According to Filip Adzic, Montenegro’s interior minister, Kwon, responsible for over $40 billion…

216 +

Breaking: SEC sues Do Kwon and Terraform Labs for fraud

"We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities," said SEC chair Gary Gensler.

153 +

Terra Was “a Massive Failure in Risk Assessment”: Do Kwon

The Terraform Labs CEO has admitted that he should have known the risks of UST much better. Do Kwon Reflects on Terra Collapse Terraform Labs made huge risk management errors...

130 +

Terra’s Do Kwon Hires Legal Team in South Korea: Report

Kwon and Terraform Labs are facing multiple lawsuits following Terras collapse in May. Terra’s Do Kwon Reportedly Enlists New Lawyers Do Kwon has hired a new team of lawyers in...

228 +

FatManTerra announces class action lawsuit against Terraform Labs, Do Kwon, Jump Capital

The now renowned Dark Knight of Terra, FatManTerra, has announced a class action lawsuit through US solicitors, Scott+Scott in an attempt to recoup UST investments following the collapse of the Terra ecosystem.

226 +

Terraform Labs, Do Kwon Face Another Class-Action Lawsuit

Terraform Labs and Do Kwon are accused, among other things, of misleading Terra investors and racketeering. Terra Lawsuit Represents U.S. Retail Investors Terraform Labs and Do Kwon have been slapped...

255 +

Terra, Celsius hit with class action lawsuits in the US

A new class action lawsuit against TerraForm Labs and its CEO, Do Kwon, was filed by Bragar Eagel & Squire, P.C. The post Terra, Celsius hit with class action lawsuits in the US appeared first on CryptoSlate.

220 +

Do Kwon roots for a 'stronger' Terra comeback despite...

Despite facing the music over the Terra fiasco, Do Kwon seems to be quite optimistic about the future. The CEO of Terraform Labs recently expressed "great confidence" in rebuilding the empire that craThe post Do Kwon roots for a 'stronger' Terra comeback despite... appeared first on AMBCrypto.

858 +

Terraform Labs Staff Banned From Leaving South Korea: Report

South Korean prosecutors investigating Terraform Labs and its co-founders Daniel Shin and Do Kwon over Terra’s collapse have reportedly imposed a departure ban on current and former employees. Prosecutors Impose...

217 +

Terra’s Do Kwon Is Being Investigated for Tax Fraud

Prosecutors have started to investigate Terraform Labs CEO Do Kwon for tax evasion, according to reports from local media. South Korean Prosecutors Seize Tax Data SBS News reported today that...

336 +

Terra Founder Do Kwon allegedly voted on his own proposal using one of his secret wallets

Do Kwon, the founder, and CEO of Terraform Labs, has faced multiple allegations of foul play regarding the collapse of the Terra (LUNC) cryptocurrency and TerraUSD (USTC) stablecoin. The post Terra Founder Do Kwon allegedly voted on his own proposal using one of his secret wallets appeared first on CryptoSlate.

351 +

SEC Begins Probe Into Terraform Labs; Appeals Court Requires Do Kwon to Comply With Subpoena

On Thursday, the U.S. Court of Appeals for the Second Circuit ruled that Terraform Labs CEO Do Kwon must comply with a subpoena served by the SEC back in September. The post SEC Begins Probe Into Terraform Labs; Appeals Court Requires Do Kwon to Comply With Subpoena appeared first on BeInCrypto.

213 +

Genuine mistake or fraud? That's the question Terra's Do Kwon needs to answer

Do Kwon pleads his innocence on his twitter feed after latest reports condemn him for cashing out $2.7 billion. The Terraform Labs CEO is already facing an investigation from the SEC and South Korean The post Genuine mistake or fraud? That's the question Terra's Do Kwon needs to answer appeared first on AMBCrypto.

395 +

Terra’s Do Kwon Denies Cashing Out $2.7 Billion

Terraform Labs CEO Do Kwon has attempted to set the record straight about the most recent rumors

190 +

Crypto Community Reacts To News That Kwon Silently Cashed Out $80 Million Monthly Before Terra Implosion

In a shocking twist, the U.S. Securities and Exchange Commission (SEC) has reportedly uncovered evidence that shows Terraform Labs CEO Do Kwon was withdrawing $80 million worth of LUNA (now called Luna Classic) and TerraUSD every month in the lead-up to the collapse of the Terra ecosystem in May.

276 +

Terra’s Do Kwon claims SEC investigation reports, other allegations are ‘misinformation’

In a recently released statement, the Founder and Chief Executive Officer of Terraform Labs, Do Kwon, said that the level of misinformation in public surrounding the network is high. The post Terra’s Do Kwon claims SEC investigation reports, other allegations are ‘misinformation’ appeared first on CryptoSlate.

220 +

Terra’s Do Kwon says there “are lots of misinformation” as reports emerge that SEC is investigating UST

In a recently released statement, the Founder and Chief Executive Officer of Terraform Labs, Do Kwon, said that the level of misinformation in public surrounding the network is high. The post Terra’s Do Kwon says there “are lots of misinformation” as reports emerge that SEC is investigating UST appeared first on CryptoSlate.

291 +

Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in September

The U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.

232 +

Terraform Labs Loses Appeal, Ordered to Comply With SEC Investigation

The U.S. Court of Appeals has ordered Terraform Labs and its CEO Do Kwon to comply with SECs investigation into the Mirror Protocol on federal securities laws infringement allegations. Terraform...

213 +

Terraform Labs caught moving $4.8M through shell company

It appears that Do Kwon may be in for more legal trouble as allegations arise accusing him of further financial crimes. The post Terraform Labs caught moving $4.8M through shell company appeared first on CryptoSlate.

184 +

Terra At Make-Or-Break Point As Community Burn Millions Of LUNA In Hopes Of A Huge Price Rebound

Terraform Labs' founder, Do Kwon has cautioned “LUNAtics” against burning their LUNA tokens.

219 +

Do Kwon Warns Terra Community Not To Use LUNA Burn Address

Do Kwon’s co-founder and CEO of TerraForm Labs recently announced the Terra revival plan and received mixed reactions; many of them have questioned the effectiveness of a hard fork in reviving the fallen price of Terra (LUNA) and TerraUSD (UST) tokens.

350 +

Korea Turns Against Luna Head as Police Request LFG Fund Freeze 

South Korea is starting to turn the screws on Terraform Labs and Luna CEO Do Kwon as UST stablecoin saga takes another twist. The post Korea Turns Against Luna Head as Police Request LFG Fund Freeze  appeared first on BeInCrypto.

170 +

Millions Of LUNA Being Burned To Push Up Price — Do Kwon Insists Destroying Tokens Is Pointless

Terraform Labs co-founder and CEO Do Kwon has finally listened to suggestions to burn most of LUNA’s hyperinflated circulating supply of over 6.5 trillion tokens. While he’s still against the idea, Kwon has...

247 +

Here are the best places to buy Terra (LUNA): it jumped by over 50% over the weekend

The price of Terra (LUNA) hiked over the weekend after millions of LUNA tokens were burnt through an address shared by Do Kwon, the TerraForm Labs founder. LUNA had started rising on Saturday after Do Kwon shared the ‘burning’ address and it continued rising to today morning before it retraced to trade at its current […] The post Here are the best places to buy Terra (LUNA): it jumped by over 50% over the weekend appeared first on Invezz.

146 +

Did Do Kwon Know The LUNA and UST Crash Was Coming? — Legal Documents Reveal New Findings

Legal Documents Indicate Do Kwon Dissolved Terraform Labs Just Days Before Crash Of UST And LUNA.

191 +

Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO

The Seoul Southern District Prosecutor’s Office in Korea is investigating whether it can bring charges of a Ponzi scheme against Terraform Lab’s CEO, Do Kwon. The post Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO appeared first on BeInCrypto.

183 +

Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

A revelatory discovery of legal documents could provide greater context for the catalyst of the infamous LUNA and UST price crash.

128 +

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.”

207 +

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.

191 +

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...

265 +

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.

240 +

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.

192 +

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...

143 +

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.

247 +

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.

206 +

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.

225 +

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.

96 +

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...

223 +

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.

328 +

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.

201 +

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.

143 +

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

177 +

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.

246 +

$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

209 +

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.

214 +