Terraform Labs Appoints New CEO Following Do Kwon’s Sentencing In Montenegro

2023-7-20 18:00

Terraform Labs has announced the appointment of Chris Amani as the interim Chief Executive Officer (CEO), replacing co-founder Do Kwon. 

Terraform Labs Elevates Former COO Chris Amani as Director and Interim CEO

Chris Amani, an experienced leader with over two decades of experience in the technology industry, has been selected as the interim CEO for Terraform Labs. Having served as the Chief Operating Officer (COO) and Chief Financial Officer (CFO) since joining the company in 2021, Amani brings valuable insights and expertise to this new role. 

Previously, Amani held leadership positions at prominent technology companies such as MongoDB, Electronic Arts, and Zynga. His deep understanding of TFL’s operations and strategy positions him to steer the company through its current challenges and drive its mission forward.

This decision comes as Kwon faces potential extradition to South Korea or the United States from Montenegro, where he is currently serving a prison sentence.

Navigating Through Troubled Waters: Terra’s Comeback Plan

Terra, known for its TerraUSD and Luna cryptocurrencies, faced a significant setback in May 2022 when the collapse of its stablecoin caused a ripple effect across the crypto market. 

Co-founder Do Kwon’s legal troubles further exacerbated the situation, with charges of misleading investors and alleged involvement in illicit transactions during the collapse.

Amidst these challenges, Chris Amani expressed his commitment to reviving the Terra blockchain and focusing on developing applications that provide real utility. 

TFL’s comeback plan involves executing a clear vision for Terra’s role within the broader Web3 ecosystem, which Amani and the team are dedicated to implementing.

The new CEO emphasized the importance of community collaboration and shared goals during this rebuilding phase. With approximately 40 employees, the company will continue to operate without Do Kwon’s leadership, as he focuses on addressing his legal affairs.

The team is optimistic about its ability to salvage the situation and is actively working on plans to propel the company forward. Nevertheless, the legal issues surrounding Do Kwon’s involvement in the collapse have been a significant point of concern. 

Terra’s recovery plan is not without its complexities, but the team is determined to restore value to the Terra Classic ecosystem.

Amain, in his statement, said,  “The process won’t be easy, but we have a clear vision of where Terra fits within the broader Web3 ecosystem and are hyper-focused on executing against that vision. We look forward to sharing more on this soon” 

The plan involves reducing node syncing times, creating a TerraUSD testnet, developing yield-generating applications, and implementing a reward system for developers.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

SIRIN LABS Token (SRN) на Currencies.ru

$ 0.001184 (-0.04%)
Объем 24H $1.512k
Изменеия 24h: 6.74 %, 7d: 1.42 %
Cегодня L: $0.001184 - H: $0.001184
Капитализация $0 Rank 5028
Цена в час новости $ 0.0128331 (-90.77%)

terraform ceo labs chris amani interim kwon

Источник: newsbtc.com

terraform ceo → Результатов: 91


До Квона выпустят под залог в €400 000

Суд в Черногории утвердил залог в размере €400 000 (~$436 000) для CEO Terraform Labs (TFL) До Квона, обвиняемого в подделке документов. Об этом сообщает местное издание Pobjeda. Такой же сумма установлена для второго фигуранта дела — бывшего финансового директора компании Хан Чан Чжуна.

2023-5-13 19:23


Будучи в розыске, До Квон смог зарегистрировать компанию в Сербии

Соучредитель и CEO Terraform Labs (TFL) До Квон зарегистрировал компанию в Сербии через три недели после выдачи Интерполом в сентябре 2022 года «красного уведомления». Об этом сообщает DL News. Согласно документам, находящийся в международном розыске Квон 12 октября открыл фирму под названием «Цодокоj22 д.

2023-3-29 13:44


SEC предъявила обвинения До Квону

Комиссия по ценным бумагам и биржам США (SEC) предъявила обвинения Terraform Labs (TFL) и ее CEO До Квону в организации многомиллиардного мошенничества с ценными бумагами. Today we charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion-dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. — […]

2023-2-17 11:41


Власти потребовали у До Квона вернуть паспорт

Министерство иностранных дел Южной Кореи потребовало от CEO Terraform Labs (TFL) До Квона в течение 14 дней вернуть национальный паспорт. В случае отказа документ аннулируют. Ведомство удовлетворило соответствующий запрос прокуратуры Южного округа Сеула.

2022-10-7 15:59


Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’

Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported September 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea’s capital-markets law […] The post Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’ appeared first on CryptoSlate.

2022-9-29 00:46


Bloomberg: Интерпол занялся До Квоном

Интерпол выдал «красное уведомление» о задержании CEO Terraform Labs (TFL) До Квона. ОБ этом пишет Bloomberg со ссылкой на прокуратуру Сеула (Южная Корея). Согласно процедуре, запрос получат правоохранительные органы 195 стран.

2022-9-26 10:45


Власти могут аннулировать паспорт основателя Terra До Квона

Прокуратура Южного округа Сеула обратилась в местный МИД с просьбой аннулировать паспорта пяти человек, включая CEO Terraform Labs (TFL) До Квона. Об этом сообщили местные СМИ. В своем запросе ведомство сослалось на Закон о паспортах.

2022-9-16 16:58


Фото:

В Южной Корее хотят арестовать главу Terraform Labs

Суд в Сеуле выдал ордер на арест CEO Terraform Labs (TFL) До Квона и еще пяти человек по обвинениям, включающим нарушения законодательства Южной Кореи о рынках капитала. Об этом пишет Bloomberg.

2022-9-15 14:01


дальше еще 42 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

TerraLabs Sold Over 80,000 BTC To Rescue Its Stablecoin, Luna

The crypto market has experienced many bloodbaths in the past. But last week’s crash had more catastrophic effects on the market than recent bearish trends, mainly on the stablecoins. UST, a stablecoin issued by Terraform Labs, is an example that stunned the crypto world as the coin collapsed and dropped its value from $1 to $0.