terraform labs
Bitcoin Price Shot Past $71K; Do Kwon and Terraform Labs Liable for Fraud in SEC Case
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin price rose above the $71,000 level for the first time since the beginning of April. Plus, the latest gains in U.S. crypto-related stocks and a Manhattan jury found Do Kwon and Terraform Labs liable on civil fraud charges brought by the SEC.
Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs
The U.S. SEC has argued that Do Kwon and his company lied to investors about the stability of TerraUSD and its integration with a Korean mobile payments app.
Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court
The Luna/Terra founder will remain in the Balkan country “until a decision is made” on where to send him to face charges.
Do Kwon’s South Korea Extradition Uncertain After Challenge from Top Prosecutor
The Montenegrin High Court’s decision to extradite Kwon to his native South Korea over the U.S. overstepped the limits of its power, according to the supreme state prosecutor.
Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters
Dentons agreed to send $48 million back to Terraform after objections from Terraform's creditors, the SEC, and the U.S. Justice Department.
Can Bitcoin Match Gold’s Position in Investors’ Portfolios? US To Appeal Do Kwon's Extradition
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a JPMorgan report that says bitcoin is unlikely to match gold’s allocation in investor portfolios due to heightened risk and volatility. Plus, Optimism Foundation selling about 19.5 million OP tokens to an unidentified buyer and Terraform Labs co-founder Do Kwon's next steps.
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said.
Do Kwon Wins Second Chance to Appeal Extradition From Montenegro
The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.
El Salvador's Bitcoin-Friendly President Wins Re-Election; Donald Trump Speaks Out on AI
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest stories shaping the crypto industry today, including the re-election of El Salvador's bitcoin-friendly president Nayib Bukele. Former U.S. president and Republican front-runner Donald Trump calls AI "dangerous and scary" in an new interview with Fox Business. Plus, former CFO of Terraform Labs has been extradited to South Korea by Montenegrin authorities according to an official notice.
Solana, Cardano Lead Crypto Losses; Terraform Labs Declares Bankruptcy
"CoinDesk Daily" host Amitoj Singh breaks down the biggest headlines in the crypto industry today, including a closer look at why the crypto market started the week in the red, with Solana's SOL and Cardano's ADA leading the losses. An @xpayments profile on X (formerly Twitter) sent adoption hopes flying among crypto circles. And, Terraform Labs files for bankruptcy.
