SEC pursues Terraform Labs & Do Kwon, seeks $5.2B penalty. Kwon fights back with $3.5M & $800K counter. SEC aims to oust Kwon, prevent future violations. Legal battle ensues amidst ongoing drama.
EdmundThe Commission filed a motion seeking $5.3 billion in disgorgement and civil penalties after a jury found Terraform Labs and Do Kwon guilty of fraud in a case filed with the SEC.
JinseFinanceTerraform Labs and its founder Do Kwon are set to go on trial in Manhattan on Monday, accused by regulators of lying to investors before the collapse of two of the company's cryptocurrencies roiled markets in 2022.
JinseFinanceThe SEC trial against Terraform Labs and Do Kwon is postponed to March 25, allowing for Do Kwon's extradition. Legal and financial implications surround the case, emphasizing the need for cryptocurrency oversight amid allegations of a $40 billion fraud.
BerniceTerra co-founder Do Kwon confronts extended Montenegro detention amid extradition, intertwining with Terra's 2022 collapse fallout in the crypto market.
Hui XinInvestors withdraw class-action lawsuit against Terra and Do Kwon amid ongoing legal battles.
BitcoinworldThe alpha version of Taro will make it possible to create peer-to-peer Bitcoin and Lightning-native stablecoins.
CoindeskU.S. regulators are investigating whether Terraform used its Mirror protocol to sell unregistered securities in a case unrelated to Terra's debacle.
CointelegraphUnder the continuous request of the Terra community, Kwon went against the original plan and publicly shared the LUNA destruction address on the 21st.
CointelegraphStudies have shown that Solana’s throughput significantly exceeds that of leading EVM chains, leading the researchers to predict that competing layer-1 chains will surpass EVM chains.
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