Terraform Labs Co-Founder Do Kwon Faces Historic Crypto Fraud Trial in US
Former crypto mogul Do Kwon pleads not guilty to multiple fraud charges related to Terraform Labs' $40 billion collapse in 2022. The landmark case could set precedents for cryptocurrency regulation and reshape digital asset oversight globally.
Do Kwon Faces US Justice: Montenegro Approves Terraform Labs Founder's Extradition
Montenegro's Justice Minister has approved Do Kwon's extradition to the US over the $40 billion Terra-Luna collapse. The Terraform Labs founder faces serious fraud charges after being arrested in Montenegro while attempting to flee to Dubai with fake documents.
Montenegro Court Rejects Do Kwon's Appeal, Setting Stage for US or South Korea Extradition
Montenegro's Constitutional Court has unanimously rejected Terra founder Do Kwon's appeal against his extradition ruling, leaving the final decision to the Justice Minister. The high-profile case could see Kwon face charges in either the US or South Korea for the $34 billion collapse of TerraUSD and Luna tokens.
SEC Imposes $123M Fine on Jump Crypto Unit for Terra UST Price Manipulation
The SEC charged Jump Crypto's subsidiary with manipulating TerraUSD's price during a 2021 de-pegging event, revealing undisclosed market intervention. The $123 million settlement highlights regulators' growing scrutiny of stablecoin markets and deceptive practices.