Tag: Terra
Ethena Labs’ USDe Stablecoin Divides Opinion as High Staking Yields Stir Memories of Terra’s Demise
Unlike asset-backed stablecoins like tether (USDT) and USDC, whose value is secured against dollars or dollar-equivalents such as U.S. government debt [...]
What’s at Stake for the Crypto Universe
“A close election is a given,” said Abel Seow, the Seoul-based BitGo Asia-Pacific director. “But it’s hard to say whether crypto will be a deciding fa [...]
New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case: Reports
Jurors agreed with the SEC that Kwon and, under his direction, Terraform Labs deceived everyday investors about the nature of the supposed algorithm t [...]
Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court
The decision effectively puts a time-out on the ongoing tug-of-war over Kwon between South Korea and the United States. Both countries want to try Kwo [...]
Do Kwon’s South Korea Extradition Uncertain After Challenge from Top Prosecutor
Han was extradited to South Korea in February, and Kwon looked poised to follow. His Montenegrin lawyer, Goran Rodic, told CoinDesk Kwon was likely to [...]
Terraform Labs’ Do Kwon Can Be Extradited to South Korea, Montenegrin Court Rules: Report
Do Kwon, a co-founder of Terraform Labs, can be extradited to South Korea to face criminal charges concerning the May 2022 collapse of his multibillio [...]
Terra’s Do Kwon Wins Extradition Appeal in Montenegro
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Exclusive Interview with Stacks Co-creator Muneeb Ali
TERRA-FI-ING? If it seems too good to be true, it sometimes is. But hope springs eternal that the crypto project Ethena's new USDe token might prove s [...]
Terraform Labs Founder Wins Second Appeal Against Montenegro Extradition Decision
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Do Kwon Associate, Former Terra CFO Han, Is Extradited to South Korea
Han was "handed over" to South Korean authorities "for the purpose of conducting criminal proceedings for several criminal offenses related to fraud i [...]
Terra Tokens LUNA, USTC, LUNC Rocket on Bitcoin Linking and Burn Program
Several tokens tied to the two Terra ecosystems – Terra 2.0 and Terra Classic – more than doubled over the past week, extending year-to-date gains to [...]
Terra’s USTC and LUNC Crypto Tokens Skyrocket on BTC-Based Comeback Plan
LUNC is up roughly 60% this week, including a nearly 20% rise over the past 24 hours, CoinDesk data shows. USTC, meanwhile, has almost quadrupled in p [...]
Do Kwon's Appeal in Fake Passport Case Denied by Montenegro High Court
The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.
www.coindesk.co [...]
SEC Asks Court for Summary Judgement Against Do Kwon, Terraform
Terraform and Kwon also engaged in fraudulent conduct and made misleading statements, the SEC reiterated in the filing, re-emphasizing that they commi [...]
Billionaire Ken Griffin’s Citadel Securities Denies ‘Ridiculous’ Claim That It Tanked Do Kwon’s Terra (LUNA)
The Terra network and Do Kwon rose to the highest tier of the crypto world thanks to big-shot investors, only to fall apart within a few days in May 2 [...]