The SEC accuses Terra and Do Kwon of fraud in a legal showdown, supported by sealed evidence from an anonymous whistleblower. The case, overseen by Judge Rakoff, carries extradition threats, criminal charges, and reflects the growing regulatory challenges in the cryptocurrency industry.
Cheng YuanLegal counsel representing Do Kwon has petitioned a federal court to dismiss the US SEC’s plea to interrogate him on American soil regarding the Terra Money ecosystem's collapse.
KikyoTerraform Labs’ co-founder Do Kwon’s lawyers are arguing that the United States SEC has violated the law with its actions against the company.
BeincryptoKwon’s attorneys will seek to reduce the 30-day detention extention period ruled by the Montenegrin authorities.
cryptopotatoTerraform Labs is headquartered and registered in Singapore and this is the first time the country has publicly taken action against Do Kwon and his firm.
CryptoSlateOverall, charges against Kwon center around securities fraud, conducting an unregistered securities offering, and further securities violations.
FinboldThe U.S. Securities and Exchange Commission (SEC) is charging the founder of embattled stablecoin issuer Terra (LUNA) with defrauding investors in “crypto schemes.”
dailyhodlThe U.S. SEC on Thursday charged Do Kwon with securities fraud involving its algorithmic stablecoin Terra USD and the LUNA token.
decryptThe U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.
CointelegraphDo Kwon's co-founder and CEO of TerraForm Labs recently announced the Terra revival plan and received mixed reactions; many of ...
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