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Cryptonews Tags Terra

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Altcoin News
US Case Against Do Kwon Delayed as Prosecutors Review Massive New Evidence Trove

A Manhattan federal judge has pushed back the United States government’s case against former Terraform Labs chief executive Do Kwon.

, by Ruholamin Haqshanas
Blockchain News
Terra Blockchain Suffers Security Breach, With $5.28M in Estimated Losses
The Terra blockchain suffered a security breach that resulted in the unauthorized access and theft of millions of tokens.
, by Ruholamin Haqshanas
DeFi News
Fantom Creator Warns of Potential Crypto Meltdown Due to Risky Incentives
Fantom creator Andre Cronje recently expressed concerns about risk management practices within a specific DeFi project, indirectly referencing Ethena Labs' synthetic dollar, USDe.
, by Hassan Shittu
Trial Against Terraform Labs And Do Kwon Begins In NYC Following Prison Release
The United States Securities and Exchange Commission’s (SEC) trial against Terraform Labs founder Do Kwon is set to begin in Manhattan federal court Monday, though the former crypto tycoon will not be present.Jury Selection Underway For Kwon's SEC Trial In NYCThe landmark civil trial stems...
, by Julia Smith
Terra Founder Do Kwon to be Extradited to the US, High Court Decides
Montenegro’s High Court just decided that the founder of the failed Terra crypto blockchain Do Kwon will be extradited to the US, where he is being prosecuted for crypto fraud, a local news outlet reported on Wednesday. Do Kwon Extradited: Terra Founder Faces Fraud Charges in US Kwon faces...
, by Joel Frank
Terra Founder Do Kwon Asks US Court to Push Trial to Mid-March
Do Kwon, the former CEO of Terra, is seeking a delay in the Securities and Exchange Commission (SEC) trial against him and his former company so he can attend the trial. Kwon's counsel has formally requested a U.S. court to postpone the trial due to uncertainties surrounding his extradition...
, by Jai Pratap
SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto
Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities.  The tokens in question are TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR), according to a recent summary judgment ruling by Judge Jed Rakoff of the U.S....
, by Ruholamin Haqshanas
Montenegro Court Officially Revokes Extradition Approval For Do Kwon
The Appellate Court of Montenegro has accepted an appeal by Do Kwon's attorneys - revoking the High Court's decision to extradite the Terraform Labs' founder to either South Korea or the USA. Therefore, the Appellate Court has annulled the decision of the Higher Court in the country's...
, by Sead Fadilpašić
Terra Founder Do Kwon’s Extradition Approved by Montenegrin Court – Here’s the Latest
A court in Montenegro's capital, Podgorica, has approved the extradition of Do Kwon, the founder of Terra, to either South Korea or the United States.  According to a recent update on the judiciary's website, the final decision on the country of extradition will be taken by the...
, by Ruholamin Haqshanas
SEC-Ripple Ruling a ‘Silver Lining’ for South Korean Prosecutors in Do Kwon Case
Source: Fredex/AdobeThe XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise.The US Securities and Exchange Commission (SEC) has expressed its...
, by Tim Alper
Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?
PayPal / Source: Adobe Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market. The fintech behemoth, which was founded more than 25 years ago, is set to become the first major financial institution to launch its own US dollar-backed stablecoin, which will be...
, by Joel Frank
Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case
Source: Yanik Chauvin/AdobeA US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC). On Monday, US District Judge Jed Rakoff rejected Terraform Labs' arguments that the SEC...
, by Ruholamin Haqshanas
Cosmos Blockchain Project Faces ‘Existential’ Challenge with Terra’s Fall and Ethereum’s Rise
Source: PixabayCosmos, a once-pioneering blockchain ecosystem renowned for its groundbreaking concept of interconnected blockchains called "appchains" and its innovative proof-of-stake consensus mechanism, is now facing an uphill battle for survival. The blockchain ecosystem faces existential...
, by Jai Pratap
Terraform Labs Seeks Data from FTX Wallets for SEC Lawsuit Defense
Image Source: PixabayTerraform Labs, the development firm behind Terra network and the failed stablecoin TerraUSD (USTC), is seeking permission from a court to get access to data from the bankrupt crypto exchange FTX.According to Terraform Labs, the failure of its UST stablecoin was the result of...
, by Fredrik Vold
Terraform Labs Co-Founder Do Kwon Found Guilty of Using False Passports in Montenegro Court
Source: screenshot of CNBC Youtube videoTerraform Labs co-founder Do Kwon was found guilty of using fake passports in a court in Montenegro on Monday. Kwon along with Terraform Labs’ former Chief Financial Officer Han Chong-joon will serve four months in prison each, according to a...
, by Sarah Wynn
Terra’s Do Kwon Blames ‘Chinese-named Agency’ for ‘Fake Passports’
Source: Aaftab Sheikh/AdobeDo Kwon, the Terraform Labs founder and CEO, has told a Montenegro court that he did not know the “fake” travel documents he was allegedly trying to leave the country with were forged – and blamed a “Chinese-named agency.”Per the South Korean...
, by Tim Alper
Terra Luna Founder Do Kwon to Stay in Custody Amid South Korea’s Extradition Request
Source: YouTube/CoinageDo Kwon, the founder of failed blockchain project Terra, could stay in custody for up to six months while Montenegro's courts consider an extradition request from South Korea.On Thursday, a Montenegro court extended Kwon's stay in custody for an additional six months as he...
, by Ruholamin Haqshanas
Terra Luna Co-Founder Do Kwon’s Political Ties in Montenegro Under Investigation
Source: PixabayTerra Luna (LUNA) co-founder is making headlines again, this time looking into his relationship with Montenegro's political elite. The news comes after Montenegrin politician Dritan Abazovic, in collaboration with political parties and NGOs, commissioned the Special State...
S Korean Court Set to Decide If LUNC Is a Security – Trial of Terraform’s Shin to Begin
Source: Rawf8/AdobeThe trial of the Terraform Labs Co-founder Daniel Shin is set to begin in South Korea – with prosecutors determined to prove that Terra Classic (LUNC) is a security.Shin (Korean name Shin Hyun-seong) will face trial on fraud charges on June 10.And the media outlets Chosun...
, by Tim Alper
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