Tag: Terraform
Terraform Labs to open loss claims portal on March 31
Terraform Labs — the company behind LUNA (LUNA) and algorithmic stablecoin TerraUSD (UST) — will launch its crypto loss claims portal on March 31. The [...]
Liquidators for Three Arrows Capital Now Sue Terraform Labs for $1.3B: Bloomberg
This case alleges that TerraForm induced 3AC to purchase Luna and TerraUSD by manipulating the market for these tokens “in a manner that artificially [...]
Terraform Labs, Do Kwon Agree to Pay U.S. SEC a Combined $4.5B in Civil Fraud Case
Of the $4,473,828,306 that Terraform Labs and Kwon must pay to the SEC in disgorgement, prejudgment interest, and civil penalties, Kwon must pay at le [...]
Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
The court listing's title referred to a May 29 telephone conference , "without transcription or recording." Counsels for all the parties were present. [...]
Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
Sales of LUNA and MIR to institutional investors totaled $65.2 million and $4.3 million, respectively, sales of LUNA and UST through the Luna Foundati [...]
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 [...]
Jury Begins Deliberations in U.S. Civil Fraud Case Against Do Kwon, Terraform Labs
During her closing arguments on Friday, SEC attorney Laura Meehan told the jury that during a prior de-peg in May 2021, Kwon and Terraform Labs made a [...]
Do Kwon Released From Montenegrin Prison on Bail; Terraform Labs’ Civil Trial Begins in NYC
Both countries want to try Kwon on criminal charges, including fraud, tied to the $40 billion collapse of the Terra ecosystem in May 2022. After the T [...]
Terraform Labs Allowed to Hire Law Firm Dentons In Bankruptcy Case by U.S. Court: Reuters
A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Ex [...]
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 [...]
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reute [...]
Terraform Labs Founder Wins Second Appeal Against Montenegro Extradition Decision
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Terraform Labs Declares Bankruptcy in Delaware
Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singap [...]
Do Kwon Wants To Delay SEC’s Terraform Trial so That He Can Attend It
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U.S. SEC Seeks to Leverage Terraform (UST) Win in Coinbase (COIN), Binance Disputes
Judge Jed Rakoff, the U.S. District Court for the Southern District of New York judge overseeing the Terra case, sided with the SEC in an end-of-year [...]