Terraform Labs, whose collapse triggered a wider cryptocurrency market earthquake, has filed for bankruptcy. The Singapore-based digital asset company filed for Chapter 11 in Delaware Sunday (Jan. 21), listing assets and liabilities between $100 million and $500 million. Terraforms’s TerraUSD had been the third-largest stablecoin by market...
The company and founder behind cryptocurrencies TerraUSD and Luna have been charged with defrauding investors. The Securities and Exchange Commission (SEC) said in a Thursday (Feb. 16) press release that it has charged Singapore-based Terraform Labs and Do Hyeong Kwon with violating the registration and...
Prosecutors are reportedly investigating whether FTX was involved in the collapse of TerraUSD and Luna. The New York Times reported Wednesday (Dec. 7) that U.S. prosecutors in Manhattan are looking into whether FTX Founder Sam Bankman-Fried manipulated the market for the two cryptocurrencies in the...
As cryptocurrencies slid Monday, bitcoin hit a three-month low, Bloomberg wrote. The sentiment took a hit because of a spate of financial tightening that will happen this week in both Europe and the U.S. The coin’s price fell 7.4% to $18,273 before paring losses, the...
September 24, 2020
There were the things everyone expected to see at Amazon’s hardware event on Thursday (Sept. 24), like new Echo devices and Fire TV upgrades. And then there were the things no one was expecting that showed up anyway, like a flying drone designed to robotically monitor a home’s security. Amazon became the latest Big Tech […]
December 11, 2025
Terraform Labs Co-Founder Do Kwon was sentenced to 15 years in prison for his role in the $40 billion crash of the company’s TerraUSD and Luna coins in 2022. Kwon, who pleaded guilty to two criminal counts in August, had asked for a sentence of five years, while federal prosecutors had sought a sentence of […]
January 22, 2024
Terraform Labs, whose collapse triggered a wider cryptocurrency market earthquake, has filed for bankruptcy. The Singapore-based digital asset company filed for Chapter 11 in Delaware Sunday (Jan. 21), listing assets and liabilities...
February 16, 2023
The company and founder behind cryptocurrencies TerraUSD and Luna have been charged with defrauding investors. The Securities and Exchange Commission (SEC) said in a Thursday (Feb. 16) press release that...
December 07, 2022
Prosecutors are reportedly investigating whether FTX was involved in the collapse of TerraUSD and Luna. The New York Times reported Wednesday (Dec. 7) that U.S. prosecutors in Manhattan are looking...