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Jury finds Do Kwon, Terraform Labs liable for multi-billion dollar fraud

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connected to AlphaWelcome!...

Do Kwon And Terraform Labs Found Liable For $40 Billion Fraud – The Defiant

The jury voted unanimously against Kwon. The United States Southern District of New York jury found Terraform Labs and its co-founder Do Kwon misled...

Montenegro Supreme Court Reverses Do Kwon’s Extradition Decision

Industry News The Supreme Court highlighted the lower court’s procedural errors. Do Kwon is free to travel inside Montenegro while facing criminal accusations globally. The Supreme Court...

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

Jurors agreed with the SEC that Kwon and, under his direction, Terraform Labs deceived everyday investors about the nature of the supposed algorithm that...

Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

During her closing arguments on Friday, SEC attorney Laura Meehan told the jury that during a prior de-peg in May 2021, Kwon and Terraform...

Crypto Heavyweights Torn Over Ethena’s New Stablecoin – The Defiant

Yearn’s Andre Cronje is the latest DeFi OG to sound the alarm. Ethena Labs launched its USDe synthetic dollar on Feb. 21, causing a...

SEC Brands Terraform Labs a “House of Cards” as Civil Trial Commences

SEC accuses Terraform Labs of constructing a fraudulent empire, with the civil trial beginning over a year after the lawsuit was filed. The United...

Do Kwon Released From Montenegrin Prison on Bail; Terraform Labs’ Civil Trial Begins in NYC

Both countries want to try Kwon on criminal charges, including fraud, tied to the $40 billion collapse of the Terra ecosystem in May 2022....

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