Terraform Labs News

On Sept. 19, Terraform Labs, the company behind the Terra blockchain protocol, gained court approval to wind down its operations as part of its bankruptcy proceedings. During a pivotal hearing on Thursday, U.S. Bankruptcy Judge Brendan Shannon approved the firm’s…

Liquidators of the defunct crypto hedge fund Three Arrows Capital are reportedly pursuing a claim of at least $1.3 billion from TerraForm Labs.  According to an Aug. 12 report by Bloomberg, the claim stems from 3AC’s losses following the 2022…

Montenegro’s Supreme Court has delayed the extradition of Do Kwon, the controversial founder of Terraform Labs, to South Korea.  The decision comes after the Supreme State Prosecutor’s Office filed a request for a legal review on August 2. The office…

On August 1, the Court of Appeal of Montenegro upheld a decision to extradite Do Kwon to South Korea, denying the U.S. its extradition request and reportedly making a ‘final’ decision. Kwon, a South Korean national, is implicated in a…

Fresh U.S. court filings have revealed that Montenegro’s Prime Minister Milojko Spajic personally invested in fugitive Do Kwon’s Terraform Labs crypto project

South Korean prosecutors have found new evidence alleging that Terra founder Do Kwon conspired with former Chai CEO Shin Hyun-Sung to deceive investors with fake transactions. Terraform Labs co-founder Kwon Do-Hyeong, a central figure in the collapse of the Terra…

Terraform Labs plans to dissolve, leaving the Terraform community to monitor the blockchain ecosystem.  In the wake of a $4.47 billion settlement with the SEC, Terraform Labs has announced plans to dissolve, leaving the blockchain’s future in the hands of…

Terraform Labs agreed to pay a bigger penalty than the fine the U.S. Justice Department levied on crypto exchange Binance. 

The U.S. Securities and Exchange Commission and Terraform Labs, along with Do Kwon, have reached a preliminary settlement concerning charges of misleading investors about TerraUSD. Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the…

Lawyers for Terraform Labs co-founder Do Kwon appealed the Supreme Court of Montenegro's decision to extradite the entrepreneur.

Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern…

A Montenegrin court has again moved forward with Do Kwon's extradition after it was annulled last week

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

Per the High Court decision, Do Kwon will be released from prison in Spuž on Saturday but will not be allowed to leave Montenegro.

The Prosecutor General's Office of Montenegro says the decision to deport Terraform Labs founder Do Kwon to South Korea was illegal.

The Terraform Labs and UST crisis triggered a market crash, costing investors billions. Now, nearly two years on, what’s the current state of this cryptocurrency turmoil? Do Kwon, the founder of Terraform Labs and the developer of TerraUSD (UST) and…