Terra chain halts operations, ASTRO token falls over 60%
The Terra blockchain halt dramatically falls in the ASTRO token value due to a suspected exploit.This post was originally published on this site
Montenegro Prime Minister Listed Among Top Terraform Labs Investors in SEC Filing
Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018. This revelation raises concerns […]
Terraform Labs ends operations, Terra community takes over
Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community.This post was originally published on this site
Terraform Labs to Dissolve After SEC Settlement, CEO Announces
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the […]
Terraform Labs to Dissolve After SEC Settlement, CEO Announces
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the […]
Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks. The trial culminated in the jury’s decision in a federal courtroom subsequent to […]
Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset
In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a confidential meeting and vote resulted in the annulment of earlier judgments made by both the Podgorica Higher Court and the Court […]
Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail Request for Do Kwon, Puts Him Under […]
Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have […]
Terraform Labs seeks to dismiss class action arguing US laws don’t apply
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs. This post was originally published on this site