SEC begins multi-billion dollar fraud trial against Terraform Labs, Do Kwon

In a dramatic opening to a much-anticipated trial, the US SEC cast Terraform Labs and its co-founder, Do Kwon, as central figures in a vast financial deception that left investors nearly destitute following its collapse, Reuters reported on March 26.

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How will SEC charges against Terraform Labs affect LUNC and other cryptos

The SEC has charged Terraform Labs and Do Kwon with Fraud. The SEC has also claimed that UST and LUNC are securities. The FTX controversy and the Terraform catastrophe rocked the entire crypThe post How will SEC charges against Terraform Labs affect LUNC and other cryptos appeared first on AMBCrypto.

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Former CFTC Chairman: SEC Was 'Absolutely Right' to Sue Terraform Labs, Do Kwon

Timothy Massad, now a research fellow at Harvard’s Kennedy School of Government, says the government was right in issuing the complaint, adding that while stablecoins present risks, they also open the door to opportunities.

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Jump is the ‘US trading firm’ that made $1.28 billion off LUNA: report

Jump Crypto is reportedly the unidentified US trading firm” the SEC says helped re-peg TerraUSD in 2021. Terraform Labs and its CEO Do Kwon misrepresented the human effort as a software algorithm.

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Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources

A complaint by the SEC against Do Kwon and Terraform Labs revealed an unnamed trading firm helped Kwon restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens.

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4 Huge Revelations in the SEC’s Charges Against Do Kwon and Terraform Labs

TerraUSD was a more overt and calculated fraud than was previously known – and Do Kwon is still cashing out, at size.

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Do Kwon withdrew $100M worth of BTC via Swiss bank, SEC says

Do Kwon reportedly held 10,000 BTC in a cold wallet. The now fugitive Terraform Labs founder reportedly cashed out a massive $100 million worth of Bitcoin through a bank in Switzerland. The SEC announced it had charged Do Kwon with defrauding investors.

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Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SEC

Around $100 million have since been withdrawn from the Swiss account, the securities regulator said in a court filing as it sued the company for misleading customers.

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Do Kwon, Terraform Labs Hit With SEC Lawsuit Alleging Securities Fraud

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Do Kwon allegedly cashed out 100M worth of BTC via Swiss Bank

The United States Securities and Exchange Commission (SEC) alleged that Terraform Labs and its founder Do Kwon transferred over 10,000 BTC to a cold wallet and cashed out about $100 million via a Swiss Bank.

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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. — […]

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Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs

Delphi Lab’s general counsel said the SEC was being “more thorough than usual” in its lawsuit against Terraform Labs and its co-founder Do Kwon.

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Breaking: SEC sues Do Kwon and Terraform Labs for fraud

"We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities," said SEC chair Gary Gensler.

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US SEC files fraud lawsuit against Terraform Labs and Do Kwon

The US SEC has charged Do Kwon and Terraform Labs for committing securities fraud The SEC has also pressed fraud charges in relation to Chai payments The United States Securities and ExchangThe post US SEC files fraud lawsuit against Terraform Labs and Do Kwon appeared first on AMBCrypto.

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SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin

The collapse of TerraUSD last year led to wave of bankruptcies in the crypto industry.

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South Korean officials reportedly travel to Balkan nation to find Do Kwon

Two South Korean officials traveled to Serbia to track down Do Kwon. The Terraform Labs founder was last reported in Serbia after fleeing Singapore following Terra's collapse. Two officials The post South Korean officials reportedly travel to Balkan nation to find Do Kwon appeared first on AMBCrypto.

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Fallen Crypto Star Do Kwon May Be In Serbia After Fleeing Singapore: Report

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Terra's Do Kwon Is in Serbia, CoinDesk Korea Reports

The Terraform Labs co-founder is wanted in South Korea, backed by Interpol.

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Here’s Where Terra Founder Do Kwon Is Likely Hiding

Terraform Labs founder Do Kwon is reportedly hiding from jail in Serbia after fleeing from Singapore

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South Korea issues arrest warrant for Do Kwon's former colleagues

Arrest warrants were sought for Terraform Labs co-founder Daniel Shin, three investors and four engineers responsible for TerraUSD (UST) and LUNA initiatives.

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Do Kwon Pokes Fun At “Cops From The World Over” – Insists People Have No Business in Knowing His Location

Do Kwon, the founder of cash-beleaguered crypto firm Terraform Labs, plans on throwing a conference to clear the air around allegations that he is hiding. In a Friday tweet, the Korean developer aimed at authorities looking for him, stating that he would arrange a virtual meetup “to get over” accusations that he was hiding.  “Alright, […]

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Terra's Do Kwon May Be in Europe: Report

South Korean prosecutors have indicated that the fugitive co-founder of Terraform Labs, Do Kwon, is in Europe, Bloomberg reported Friday.

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Terra’s Do Kwon Is in Europe After Fleeing Singapore: Report

Do Kwon, CEO of the failed stablecoin company Terraform Labs, is reportedly residing in Europe. Do Kwon Is Likely in Europe According to Korean state media, Do Kwon’s location has...

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Terra’s Do Kwon Faces $57 Million Lawsuit in Singapore For Financial Fraud

A fresh lawsuit has been initiated in Singapore against embattled Terra Form labs CEO Do Kwon, the Luna Foundation Guard (LFG) and Terra founding partner Nicholas Platias by victims of the UST-induced market meltdown that saw over $40 billion worth of crypto assets evaporate in May.

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S. Korean Prosecutors Say Reports of Do Kwon's Stopover in Dubai 'Not False': Bloomberg

There have been rumours circulating that Do Kwon, co-founder of Terraform Labs, the firm behind the Terra blockchain network, has left Singapore for Dubai. Prosecutors have said that these rumours are "not false," Bloomberg reported Friday.

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Who Will Catch Terra LUNA CEO Do Kwon First? Angry Investors or Interpol?

Cryptocurrency investors have banded together to join in the search for Terraform Labs CEO Do Kwon, an internationally wanted man. The post Who Will Catch Terra LUNA CEO Do Kwon First? Angry Investors or Interpol? appeared first on BeInCrypto.

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Terra’s Do Kwon Apologizes To LUNA Victims, Insists He Is Not On The Run

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Do Kwon, Terra (LUNA) CEO, Breaks Silence and Claims He Is Not Trying to Hide

Do Kwon, the founder of Terraform Labs, says he is not hiding from South Korean law enforcement. The nation’s prosecutor’s office said it had obtained a global arrest order for the cryptocurrency CEO. The Fall of Terra and Do Kwon’s…

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Terra Creator Kwon Says He Is Receiving Threats from Angry Investors: Details

Co-founder of Terraform Labs claims he has been receiving personal threats, so he remains in hiding

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Terra co-founder Do Kwon tells Laura Shin fraud charges against him are illegitimate

Terraform Labs co-founder Do Kwon does his second interview since the Terra ecosystem implosion. The post Terra co-founder Do Kwon tells Laura Shin fraud charges against him are illegitimate appeared first on CryptoSlate.

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Do Kwon Continues Cashing out of Terra While Investors Remain Hopeful

On-chain records suggest that Terraform Labs CEO and co-founder Do Kwon has been cashing out Terra (LUNA) to a Binance wallet while shilling the new coin on Twitter. The post Do Kwon Continues Cashing out of Terra While Investors Remain Hopeful appeared first on BeInCrypto.

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Do Kwon’s case: Fresh twist appears as LUNA holders go down in worry

South Korea's Ministry of Foreign Affairs announced on Wednesday (5 October) that Terraform Labs Pte. Ltd. CEO Kwon Do-Hyung, aka Do Kwon, would have his passport revoked in four weeks if he did not rThe post Do Kwon’s case: Fresh twist appears as LUNA holders go down in worry appeared first on AMBCrypto.

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South Korean court dismisses arrest warrant for Do Kwon’s aide

A South Korean District Court has dismissed the arrest warrant issued against the Head of General Affairs at Terraform Labs Yoo Mo, according to local news Yonhap. The post South Korean court dismisses arrest warrant for Do Kwon’s aide appeared first on CryptoSlate.

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South Korea tightens circle on Do Kwon, arrests his aide

Terraform Labs founder Do Kwon‘s aide, Yoo Mo, has been arrested by South Korean officials for fraud and market manipulation. The post South Korea tightens circle on Do Kwon, arrests his aide appeared first on CryptoSlate.

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Korean police reportedly arrest first person involved in Terra collapse

The head of the business team of Terraform Labs was a part of Do Kwon’s inner circle.

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«Да, мы обвалили LUNA и рынок. Но зачем же нас преследовать?» Terraform Labs недовольна действиями прокуратуры

Сингапурская компания Terraform Labs обвиняет прокуратуру Южной Кореи в превышении полномочий. Все из-за преследования руководителя и идейного вдохновителя проекта Terra До Квона (Do Kwon). В заявлении для The Wall Street Journal представитель компании объяснил, что цифровой актив LUNA не является ценной бумагой, а потому не подпадает под действие соответствующего законодательства.

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Terraform Labs Says It Will Not Give Out Do Kwon's Location

Physical location of notorious developer will not be revealed by Terraform Labs

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До Квон не собирался обналичивать 3313 BTC

Сооснователь Terraform Labs опроверг информацию об обналичивании огромной партии биткоинов на сумму $67 млн после выдачи ордера на его арест южнокорейскими властями. Две недели назад, 14 сентября, правоохранительные органы Южной Кореи выдали ордер на арест До Квона (Do Kwon), обвинив его в нарушении законодательства о рынках капитала.

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Terraform Labs claims case against Do Kwon is ‘highly politicized:’ WSJ

A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed.

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CryptoSlate Wrapped Daily: Terraform Labs calls Do Kwon arrest warrant ‘unfair’ after denial of cashing out BTC; MEV bot loses $1M in an hour

The biggest news in the cryptosphere for September 28 includes Charles Hoskinson’s expectations that VCs would invest in Cardano in two years, how an MEV bot gained and lost around $1 million, and Do Kwon and LFG’s denial of transferring $69 million worth of Bitcoin to crypto exchanges KuCoin and OKX.

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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.

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Terraform Labs Calls S. Korean Authorities’ Arrest Warrant for Do Kwon Overreach: Report

A Terraform spokesperson claimed that its Luna cryptocurrency wasn’t a security, meaning it wasn’t covered by South Korea’s capital-markets law.

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Terra Co-founder Do Kwon Refutes Cashout Allegations

Terraform Labs co-founder and CEO Do Kwon has denied attempting to cash out millions of dollars in Bitcoin after a South Korean court issued an arrest warrant for him. Do Kwon Denies Bitcoin Cashout Allegations Do Kwon has denied any…

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Do Kwon, LFG deny cashing out 3313 BTC

Terraform Labs co-founder Do Kwon and Luna Foundation Guard (LFG) have denied reports that the foundation moved to sell 3313 BTC worth over $69 million via KuCoin and OKX crypto exchanges. The post Do Kwon, LFG deny cashing out 3313 BTC appeared first on CryptoSlate.

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>3000 BTC transfer in the spotlight after Do Kwon's arrest warrant

A suspicious transfer of over $3,000 BTC ($60 million) has been detected after South Korea issued an arrest warrant against Do Kwon, the Founder and CEO of Terraform Labs. The transfer was made froThe post >3000 BTC transfer in the spotlight after Do Kwon's arrest warrant appeared first on AMBCrypto.

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S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do Kwon

Interpol has issued a Red Notice for Kwon's provisional arrest pending extradition as a worldwide search for the Terraform Labs co-founder continues.

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South Korea's Interpol issues 'Red Notice' for Do Kwon- Details inside

Do Kwon, the co-founder of Terraform Labs, is purportedly the subject of a "Red Notice" from Interpol to law enforcement agencies all around the world. In response to charges Kwon is facing in SoutThe post South Korea's Interpol issues 'Red Notice' for Do Kwon- Details inside appeared first on AMBCrypto.

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LUNA’s Do Kwon Bags A Red Notice From Interpol In Bid To Hasten His Arrest

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Do Kwon a wanted man as Interpol issues ‘Red Notice’

Terraform Labs founder Do Kwon is facing an international arrest warrant, days after South Korean prosecutors expressed concern that he was “on the run. ” On Monday, South Korea police revealed that they had sought help from Interpol to have the Terra boss arrested.

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