In a bold move, Terraform Labs, the company behind the troubled TerraUSD stablecoin and LUNA, is gearing up to challenge the U.S. Securities and Exchange Commission (SEC) in court over the $5.3 billion fine. The company is pushing for a significantly reduced penalty of just $1 million, citing jurisdictional issues ...
Do Kwon, the CEO and co-founder of Terraform Labs, has been found guilty of forging documents by a Montenegro court. The court announced its decision today, sentencing Kwon to four months in prison. Furthermore, the court ordered the confiscation of Kwon's two Costa Rican passports, two Belgian passports, and two ...
South Korean prosecutors have indicted Terraform Labs co-founder Daniel Shin and nine others on charges of fraud, breach of trust, embezzlement, and violations of capital markets law. The charges come after a months-long investigation into the collapse of the Terra ecosystem, which caused the loss of tens of billions of ...
Former Terraform Labs CEO and co-founder Hyun-seong Shin has been cleared of security violation charges by a district court in South Korea. The court ruled that LUNA, the native token of the Terra-LUNA ecosystem, is not a security according to Korea's Capital Markets Act. The southern district court in Seoul ...
