Terraform Labs contends Citadel Securities had a hand in its stablecoin collapse

Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022.

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Stablecoin market cap down 35% 18 months after Terra collapse

Terraform's collapse last year and the subsequent fall of its native Terra USD (UST) stablecoin triggered a chain reaction. Stablecoin valuation shrank from $189 billion to $123 billion.

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Terraform Labs Founder Do Kwon Opposes SEC's Extradition Request

The TerraUSD creator opposes the SEC's attempts to bring him back to the U.S. for questioning about his failed stablecoin projects.

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Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities

Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short-sellers, potentially involving Alameda Research.

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Back To Terra? Interim CEO Welcomes Do Kwon’s Potential Return

Terraform’s recently appointed CEO, Chris Amani, embraces the possibility of Do Kwon’s return to the company, recognizing the colossal undertaking he faces in rejuvenating the failed stablecoin Terra (UST).

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Terraform Labs seeks access to FTX wallets in fraud defense

Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithmic stablecoin in 2022.

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Jump Trading requests court to relocate Terraform lawsuit to California

Jump Trading, a leading trading company specializing in high-frequency and algorithmic trading approaches, seeks to move a lawsuit accusing it of manipulating the prices of Terraform’s stablecoin from Illinois to California.

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SEC filings uncover secret agreement between Jump Trading and Terraform Labs

Chicago-based crypto trading firm Jump Trading is once again facing scrutiny from the U.S. Securities and Exchange Commission (SEC) as new court filings shed light on a clandestine agreement between the company and the now-defunct Terraform Labs regarding the TerraUSD stablecoin.

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South Korea sets trial date for Terraform Labs co-founder over Terra Luna collapse

Terraform Labs co-founder Shin Hyun-seung and seven other associates are set to face trial on May 26 over fraud charges related to the collapse of the Terra-Luna stablecoin and crypto project in May 2022. 

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Do Kwon sent roughly $7m to Korean law firm before TerraUSD crash 

Prosecutors have revealed that Terraform Labs co-founder, Do Kwon, sent a payment of 9 billion won ($7 million) to a Korean law firm named Kim & Chang just before the collapse of the TerraUSD algorithmic stablecoin and Luna token. While…

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Justice Department Investigating TerraUSD Stablecoin Collapse: Reports

The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month.

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Singapore Probes Do Kwon’s Terraform Labs Amid Claims of Laundering $100M Since the Project Collapsed

Singapore police have started investigating Terraform Labs, the company behind cryptocurrency Terra Luna Classic (LUNC) and Stablecoin Terra USD (UST), together with its founder, Do Hyeong Kwon, following the events that cost investors billions worth of losses.

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The SEC's Stablecoin Hammer, Courtesy Terraform Labs and Do Kwon

The U.S. Securities and Exchange Commission sued Terraform Labs and Do Kwon last week, alleging the terraUSD stablecoin was a security, alongside various other tokens and products. This feels pretty important.

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SEC Charges Terra’s Don Kwon With Fraud

The US Securities and Exchange Commission has charged Do Hyeong Kwon and his Singapore-based company Terraform Labs with orchestrating a multi-billion dollar crypto asset securities fraud involving the UST stablecoin and other crypto asset securities.

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SEC предъявила обвинения До Квону

Комиссия по ценным бумагам и биржам США (SEC) предъявила обвинения Terraform Labs (TFL) и ее CEO До Квону в организации многомиллиардного мошенничества с ценными бумагами. Today we charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion-dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. — […]

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SEC To Sue Firm Behind Failed Terra Stablecoin, Terraform Labs

Nearly a year after the demise of Terra and it’s UST stablecoin, the SEC is in pursuit. It’s the latest in a suite of regulatory hammers that the Securities and Exchange Commission has been bringing to the pavement in crypto lately.

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SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin

The collapse of TerraUSD last year led to wave of bankruptcies in the crypto industry.

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Fallen Crypto Star Do Kwon May Be In Serbia After Fleeing Singapore: Report

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Terra’s Do Kwon Is in Europe After Fleeing Singapore: Report

Do Kwon, CEO of the failed stablecoin company Terraform Labs, is reportedly residing in Europe. Do Kwon Is Likely in Europe According to Korean state media, Do Kwon’s location has...

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Is South Korea getting ready to arrest Do Kwon- Decoding details

Due to the South Korean government's request for his arrest, Do Kwon, the founder of Terraform Labs, is in grave danger. The cryptocurrency market lost $40 billion as a result of Terra's stablecoin USThe post Is South Korea getting ready to arrest Do Kwon- Decoding details appeared first on AMBCrypto.

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Terra Developer Hit with Lawsuit

Illinois resident Nick Patterson has sued Terraform Labs and venture capitalists over promotion of the failed stablecoin project

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Terraform Labs Caused Collapse Of Its Stablecoin UST? This Report Says So

The company behind the failed Terra (LUNA) ecosystem, now dubbed Terra Classic (LUNC), Terraform Labs (TFL) could be behind the collapse of its native algorithmic stablecoin UST. Per a report from CoinDesk Korea, investigators linked the company to the attack that led to UST losing its peg to the U.

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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.

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SEC Expands Probe Into Terraform Labs UST Marketing: Report

The U.S. Securities and Exchange Commission has reportedly expanded its Terraform Labs investigation beyond the Mirror Protocol probe and into the company’s marketing practices concerning its now crumpled UST stablecoin....

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SEC Investigating Company Behind TerraUSD Stablecoin: Report

The SEC is reportedly investigating whether Terraform Labs violated federal investor protection laws in how it marketed TerraUSD (UST) and Luna.

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South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.

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Terraform Labs Probed for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.

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LUNA 2.0 Suffers Significant Price Correction Hours After Launch

The recovery plan for Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA) embarked on a bumpy route after the LUNA 2. 0 cryptocurrency suffered a substantial market fall hours after its launch.

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Terraform Labs’ Employees Probed For Intentional LUNA, UST Price Manipulation — Terra 2.0 At Risk?

One of these employees supposedly disclosed that the team had concerns about the design of the TerraUSD (UST) stablecoin from the word go.

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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.

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Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says

The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of almost $45 billion in market value over the course of a week, much has been made about the project’s architecture, namely its supposedly defective algorithm, which was led […]

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LUNA Meltdown Doomed To Get Worse After Shocking Departure Of Terraform Labs Legal Team

Their departure follows last week’s unrecoverable downfall of the TerraUSD (UST) stablecoin and native token LUNA.

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TerraLabs Sold Over 80,000 BTC To Rescue Its Stablecoin, Luna

The crypto market has experienced many bloodbaths in the past. But last week’s crash had more catastrophic effects on the market than recent bearish trends, mainly on the stablecoins. UST, a stablecoin issued by Terraform Labs, is an example that stunned the crypto world as the coin collapsed and dropped its value from $1 to $0.

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Terraform's Legal Team Quits Amid Terra Stablecoin Fallout

Marc Goldich, Lawrence Florio and Noah Axler left the Terra ecosystem backer in May according to their LinkedIns.

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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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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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Terraform Labs CEO Explains UST Depegging as LUNA Prices Plunge

The hottest stablecoin ecosystem in the crypto industry has shown signs of floundering over the weekend as UST dropped its peg and LUNA prices plunged. The post Terraform Labs CEO Explains UST Depegging as LUNA Prices Plunge appeared first on BeInCrypto.

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Terraform Labs and CEO Strike Back at SEC’s Subpoena Enforcement Action

Terraform Labs’ algorithmically-governed stablecoin UST meanwhile has reached a market cap of $5.2 billion, up from $2.9 billion early last week thanks to the LUNA supply burn. The post Terraform Labs and CEO Strike Back at SEC’s Subpoena Enforcement Action first appeared on BitcoinExchangeGuide.

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Terra (LUNA) kickstarts $150 million ‘Project Dawn’ to bolster cross-chain ecosystem

Terraform Labs (TFL), a team behind the algorithmically-governed stablecoin platform Terra, recently announced the launching of the blockchain’s new funding initiative dubbed Project Dawn. The post Terra (LUNA) kickstarts $150 million ‘Project Dawn’ to bolster cross-chain ecosystem appeared first on CryptoSlate.

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Top VC’s Including Coinbase, Galaxy Digital & Pantera Inject $25M into Terraform Labs

Stablecoin e-commerce creator Terraform Labs recently concluded a $25 million funding round that features Coinbase Ventures, Galaxy Digital, Pantera Capital, and other companies. The Singaporean-based crypto and tech startup has successfully penetrated the South Korean market and wants to expand its operational capacities with the funding.

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