Terraform Labs

With Gary Gensler out as SEC Chair, the crypto industry celebrates. President Trump has named Commissioner Mark Uyeda as acting chair until Paul Atkins is confirmed by the Senate.

Do Kwon’s fraud trial over the $40 billion Terra LUNA collapse is set for 26 January 2026, in the US, delayed by six terabytes of evidence, encrypted phones, and untranslated Korean documents. He has one week to request an earlier date. Will this delay benefit him or prolong his legal battle?

As his SEC term ends, Gary Gensler reiterates his criticism of crypto, stressing the need for strict regulation and citing 100 enforcement actions. Is this frustration or justified caution?

Judge Katherine Failla approved Coinbase’s interlocutory appeal, citing inconsistencies in how courts define securities under the SEC’s jurisdiction. While the decision lets Coinbase challenge the SEC in the Second Circuit, is this a true victory or just a temporary delay?

US prosecutors estimate over one million victims in the $40 billion Terra collapse. Terraform Labs co-founder Do Kwon, in US custody, denies nine felony fraud charges. His 8 January pretrial conference marks a pivotal moment in crypto’s biggest fraud case.

Do Kwon, now in US custody, has pleaded not guilty to fraud charges tied to TerraUSD’s $40 billion collapse. Following his extradition, the Justice Department seeks prison time for financial fraud and fake passports, while South Korea sought a 40-year sentence. Calm in court, Kwon faces a long legal battle. Is he unrepentant or truly innocent?

Do Kwon’s appeal against his extradition to South Korea has been rejected by Montenegro’s Constitutional Court, reaffirming claims by the US and South Korea. With legal options narrowing, what defense strategies remain for the Terraform Labs co-founder?

The highly anticipated South Korean film Crypto Man inspired by real events surrounding a $50 billion Won cryptocurrency crash is set to hit theatres in Jan 2025.

Binance clarified that BFUSD is not a stablecoin after concerns arose over its high yields and comparisons to Terraform Labs' failed TerraClassicUSD.

Despite his imprisonment, it is reported that Do Kwon, the disgraced founder of Terra, managed to make multiple cryptocurrency payments while in custody in Montenegro.