Terraform


Policy

U.S. Prosecutors Seek 12-Year Sentence for Terraform Founder Do Kwon in Crypto Fraud Case

The collapse of Do Kwon's Terraform project caused losses that surpassed those by Sam Bankman-Fried's FTX, Celsius and OneCoin combined, the prosecutors argued.

Do Kwon (CoinDesk archives)

Policy

Terra's Do Kwon to Change 'Not Guilty' Plea in US Fraud Case

Do Kwon previously had pleaded "not guilty" to multiple fraud charges earlier this year.

CoinDesk

Policy

U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC

The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgment interest, and civil penalties

Terraform Labs co-founder Do Kwon (CoinDesk TV)

Policy

New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.

A U.S. jury began deliberating in the civil trial against Do Kwon and the company he co-founded, accused of fraud by the Securities and Exchange Commission. (CoinDesk TV and Jesse Hamilton/CoinDesk)

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Videos

Is Morgan Stanley Joining the Spot ETF Hype? SEC Objects Retainer Payment to Terraform's Lawyers

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including Wall Street giant Morgan Stanley performing due diligence to add spot bitcoin ETF products to its brokerage platform, according to two people familiar with the matter. Plus, the latest update on the legal dispute between Terraform and the SEC. And, why miners are still selling their bitcoin as reward halving nears.

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