Do Kwon, the South Korean entrepreneur behind the failed cryptocurrencies TerraUSD and Luna, is set to appear in a Manhattan federal court on Thursday, facing serious criminal fraud charges. This follows his recent extradition from Montenegro, where he had been detained for over a year after attempting to use falsified travel documents at the country’s […]
Terraform Labs, the company at the center of a significant collapse in 2022, has agreed to pay a substantial settlement of $4.47 billion to resolve a civil lawsuit filed by the US Securities and Exchange Commission (SEC). This legal action was undertaken following the collapse, which resulted in the loss of $40 billion in investor […]