Terraform Labs Archives

FSB paper tackles stablecoin risks to emerging markets, developing economies

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25 July, 2024

FSB paper tackles stablecoin risks to emerging markets, developing economies

The Financial Stability Board paper focused on what it refers to as global stablecoins, which are stablecoins that could be...

South Korea’s first digital asset law comes into force after year of finessing

Finance

James Field

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22 July, 2024

South Korea’s first digital asset law comes into force after year of finessing

The Virtual Asset User Protection Act focuses on investor protection and mandate that exchanges keep at least 80% of user...

Don’t believe the ‘crypto’ hype: SEC wins partial victory over Binance.US

Business

Steven Stradbrooke

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5 July, 2024

Don’t believe the ‘crypto’ hype: SEC wins partial victory over Binance.US

U.S. District Court for the District of Columbia Judge Amy Berman Jackson issued a memorandum opinion on the 13 charges...

Terraform Labs, Do Kwon agree to $4.5B SEC settlement that they can’t pay

Business

Steven Stradbrooke

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14 June, 2024

Terraform Labs, Do Kwon agree to $4.5B SEC settlement that they can’t pay

Apart from the settlement that they couldn't afford to pay in full, the SEC also ensured the dissolution of Terraform...

Terraform and Do Kwon argue fines should be $1 million, not the SEC’s proposed $5.3 billion

Business

James Field

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1 May, 2024

Terraform and Do Kwon argue fines should be $1 million, not the SEC’s proposed $5.3 billion

Lawyers representing Terraform Labs and its disgraced co-founder Do Kwon have filed a motion opposing U.S. SEC’s request for $5.3...

US to challenge extradition of Do Kwon to South Korea

Business

James Field

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11 March, 2024

US to challenge extradition of Do Kwon to South Korea

The U.S. DOJ said it would continue to seek the extradition of Do Kwon to the United States, fearing that...

Do Kwon to miss part of US fraud trial due to extradition delay

Business

Steve Kaaru

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5 March, 2024

Do Kwon to miss part of US fraud trial due to extradition delay

Initially set for January 29, the SEC postponed Do Kwon’s trial by two months to allow him to attend, but...

South Korea wants digital asset criminals sentenced to life imprisonment

Business

Steve Kaaru

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8 February, 2024

South Korea wants digital asset criminals sentenced to life imprisonment

The new amendments will hand life sentences to any criminal that embezzles over $3.8 million, with the minimum time served...

South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam

Business

Steve Kaaru

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7 February, 2024

South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam

Elsewhere, Hong Kong’s Treasury has proposed bringing OTC venues under the city’s regulations, arguing that they have been used to...

Terraform Labs files for Chapter 11 bankruptcy

Business

Jordan Atkins

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23 January, 2024

Terraform Labs files for Chapter 11 bankruptcy

Despite the many legal cases against Terraform Labs and its founder Do Kwon having the company in dire straits, the...

Terraform Labs ex-CEO Do Kwon jury trial in US pushed back to March

Business

James Field

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18 January, 2024

Terraform Labs ex-CEO Do Kwon jury trial in US pushed back to March

A U.S. federal judge has delayed the jury trial of former Terraform Labs CEO and founder Do Kwon, who was...

SEC adds Terraform Labs unregistered securities ruling to Binance, Coinbase suits

Business

Steven Stradbrooke

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5 January, 2024

SEC adds Terraform Labs unregistered securities ruling to Binance, Coinbase suits

The U.S. regulator is looking to get the upper hand in its case against Binance and Coinbase, using its recent...

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