Bitcoin
Bitcoin (BTC)
$97,036.00 -1.6863
Bitcoin price
Ethereum
Ethereum (ETH)
$3,818.16 -1.01834
Ethereum price
BNB
BNB (BNB)
$718.97 -1.78464
BNB price
Solana
Solana (SOL)
$239.58 4.98048
Solana price
XRP
XRP (XRP)
$2.28 -3.04646
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -2.89867
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000215 0.80442
Pepe price
Bonk
Bonk (BONK)
$0.0000429 2.58511
Bonk price
dogwifhat
dogwifhat (WIF)
$3.36 6.233
dogwifhat price
Popcat
Popcat (POPCAT)
$1.38 4.46865
Popcat price
Bitcoin
Bitcoin (BTC)
$97,036.00 -1.6863
Bitcoin price
Ethereum
Ethereum (ETH)
$3,818.16 -1.01834
Ethereum price
BNB
BNB (BNB)
$718.97 -1.78464
BNB price
Solana
Solana (SOL)
$239.58 4.98048
Solana price
XRP
XRP (XRP)
$2.28 -3.04646
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -2.89867
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000215 0.80442
Pepe price
Bonk
Bonk (BONK)
$0.0000429 2.58511
Bonk price
dogwifhat
dogwifhat (WIF)
$3.36 6.233
dogwifhat price
Popcat
Popcat (POPCAT)
$1.38 4.46865
Popcat price
Bitcoin
Bitcoin (BTC)
$97,036.00 -1.6863
Bitcoin price
Ethereum
Ethereum (ETH)
$3,818.16 -1.01834
Ethereum price
BNB
BNB (BNB)
$718.97 -1.78464
BNB price
Solana
Solana (SOL)
$239.58 4.98048
Solana price
XRP
XRP (XRP)
$2.28 -3.04646
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -2.89867
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000215 0.80442
Pepe price
Bonk
Bonk (BONK)
$0.0000429 2.58511
Bonk price
dogwifhat
dogwifhat (WIF)
$3.36 6.233
dogwifhat price
Popcat
Popcat (POPCAT)
$1.38 4.46865
Popcat price
Bitcoin
Bitcoin (BTC)
$97,036.00 -1.6863
Bitcoin price
Ethereum
Ethereum (ETH)
$3,818.16 -1.01834
Ethereum price
BNB
BNB (BNB)
$718.97 -1.78464
BNB price
Solana
Solana (SOL)
$239.58 4.98048
Solana price
XRP
XRP (XRP)
$2.28 -3.04646
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -2.89867
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000215 0.80442
Pepe price
Bonk
Bonk (BONK)
$0.0000429 2.58511
Bonk price
dogwifhat
dogwifhat (WIF)
$3.36 6.233
dogwifhat price
Popcat
Popcat (POPCAT)
$1.38 4.46865
Popcat price

Jury finds Terraform Labs, Do Kwon guilty on fraud chargesĀ 

jury-finds-terraform-labs-do-kwon-guilty-on-fraud-charges
Edited by
News
Jury finds Terraform Labs, Do Kwon guilty on fraud chargesĀ 

A New York jury has found Terraform Labs and its Co-Founder, Do Kwon, guilty of deceiving investors about UST’s stability.

Terraā€™s stablecoin UST collapse in 2022 led to a $40 billion loss for investors and sent shockwaves through the cryptocurrency sector. The verdict emerged from a two-week trial, marking a significant win for the SEC in its endeavor to tighten oversight of the digital currency space.Ā 

This judgment may also hint at the outcomes of forthcoming criminal trials against Kwon in both the United States and South Korea, where the criteria for establishing guilt are more severe.

Kwon, who controls 92% of Terraform, was detained in Montenegro for using a counterfeit passport and faces extradition to either the U.S. or South Korea. Both nations are pursuing criminal fraud charges against him.

Kwon’s potential extradition has become more likely after a recent ruling by Montenegro’s Supreme Court, challenging previous decisions favoring his transfer to Seoul.

After deliberating for under two hours, the jury concluded that Kwon and his company made false claims regarding the use of Terraform’s blockchain technology by Chai, a widely used payment app in Korea.

Additionally, the verdict pointed out misleading information about the UST stablecoin’s stability, purported to maintain a consistent value pegged to the US dollar through algorithms.