luna sign crash labs red indicted verifyerrors turn collapse halts stablecoins cost run emails fraud billion crashes musk extradition montenegro technologies secs probe dollar investors seeking approves sees outage breaking

Articles for Terraform, search results for terrausd

Do Kwon lost to the SEC. The US is piling up other crypto wins, too
8 months, 2 weeks ago

Do Kwon lost to the SEC. The US is piling up other crypto wins, too

Live Mint  

The Securities and Exchange Commission on Friday notched a court victory against brash crypto entrepreneur Do Kwon. After a two-week civil trial, a New York jury agreed with the SEC’s claims that Kwon and his firm, Terraform Labs, defrauded investors by misleading them about the stability of TerraUSD, a so-called stablecoin designed to maintain a value of $1. Crypto firms …

Court Crypto Investors Sec Chai Coinbase Kwon
Luna Crash: Do Kwon, Fugitive Behind $40-Billion 2022 Crash Arrested, Charged With Fraud
1 year, 8 months ago

Luna Crash: Do Kwon, Fugitive Behind $40-Billion 2022 Crash Arrested, Charged With Fraud

ABP News  

Do Kwon, the cryptocurrency entrepreneur who was responsible for the crash of two digital currencies, TerraUSD and Luna, which resulted in a loss of over $40 billion last year, has been arrested and charged with fraud by US prosecutors. South Korean prosecutors have also announced their intention to seek Kwon's extradition, as he is facing criminal charges in the United …

South Korea Luna Kwon Terrausd Crash Arrested
Crypto founder Do Kwon indicted in US following Montenegro arrest
1 year, 9 months ago

Crypto founder Do Kwon indicted in US following Montenegro arrest

The Hindu  

Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors. Thursday's indictment charges Kwon, a South Korean national who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy. South …

Fraud Crypto Sec South Korean Luna Montenegro Kwon
S. Korea requests Interpol’s help in Terraform Labs probe
2 years, 3 months ago

S. Korea requests Interpol’s help in Terraform Labs probe

Associated Press  

SEOUL, South Korea — South Korean prosecutors have asked Interpol to issue a fugitive alert for the founder of Terraform Labs as they investigate a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world. The Seoul Southern District Prosecutors’ Office asked Interpol on Monday to circulate the “red notice” for Do Kwon across the agency’s …

South Korea South South Korean Luna Interpol Kwon Terrausd
South Korea Puts Cryptocurrency Company Terraform Labs’ Staff On No-Fly List
2 years, 6 months ago

South Korea Puts Cryptocurrency Company Terraform Labs’ Staff On No-Fly List

News 18  

Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. TerraUSD’s paired token, Luna, plunged in value last month, sparking a sell off and igniting a chain reaction that has pushed some major institutions in the crypto sector into severe difficulties. An official …

Crypto South Korea Terraform Labs Stablecoin Terrausd
South Korea puts crypto company Terraform Labs’ staff on no-fly list
2 years, 6 months ago

South Korea puts crypto company Terraform Labs’ staff on no-fly list

The Hindu  

Several employees of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. TerraUSD’s paired token, LUNA, plunged in value last month, sparking a sell off and igniting a chain reaction that has pushed some major institutions in the crypto sector into severe difficulties. An official …

Crypto South Korea Terraform Labs Korea Puts South Korea Puts
Coinbase Suffers Major Outage, Binance Halts Terra Luna Crypto Trading
2 years, 7 months ago

Coinbase Suffers Major Outage, Binance Halts Terra Luna Crypto Trading

ABP News  

New Delhi: Leading crypto exchange Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors. ALSO ON ABP LIVE: Crypto Crash: CoinSwitch Kuber CEO Ashish Singhal Explains Why He Still Remains Bullish "Has the bear market crashed their servers? The Coinbase outage came as Binance, the world's largest cryptocurrency exchange, suspended …

Outage Luna Coinbase Terraform Labs Terra Luna Cryptocurrency Terra
Today’s Cache | Bitcoin as a reserve currency
2 years, 8 months ago

Today’s Cache | Bitcoin as a reserve currency

The Hindu  

Stablecoins are rapidly gaining ground. Vetle Lunde, analyst at Norway-based crypto research firm Arcane Research who tracks the Terra project purchases, estimates that, to reach $10 billion in reserves, the platform could eventually hold between 60,000 to 70,000 bitcoin. A stablecoin backed by bitcoin reserves, according to Terraform co-founder Do Kwon “will open a new monetary era of the Bitcoin …

Bitcoin Reserve Stablecoin Terra Currency Stablecoins