Do Kwon and Terraform Labs face heavy financial penalties from the SEC
Temps de lecture : < 1 minute In a shocking revelation, the US Securities and Exchange Commission (SEC) is proposing a record $5.3 billion fine against Do Kwon and his company Terraform Labs. This drastic measure follows the devastating losses suffered by investors linked to the collapse of the algorithmic stablecoin TerraUSD. Case background The case against Do Kwon and Terraform Labs […]
Do Kwon, founder of Terra, released in Montenegro
Temps de lecture : < 1 minute Do Kwon, Terra’s founder, was released from prison in Montenegro as the Supreme Court deliberated on extradition requests from the US and South Korea. On March 23, 2024, Kwon was released, according to a Bloomberg report. The Supreme Court suspended a low-level ruling ordering Kwon’s extradition to South Korea. Fraud Charged and Extradition to the […]