The court‑appointed administrator of Terraform Labs has sued Jump Trading, alleging the high‑speed trading firm illegally profited from and helped fuel the Terra ecosystem’s $40 billion collapse. The complaint, filed in federal court in Illinois, seeks $4 billion in damages from Jump, its co‑founder William DiSomma and former Jump Crypto president Kanav Kariya, the Wall…
US federal prosecutors have asked a judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison. The request was filed today (Thursday) in the US District Court for the Southern District of New York. The sentencing hearing is scheduled for next week. Kwon has asked the court to consider a prison term…
Do Kwon, the co-founder of Terraform Labs, is asking a US court to limit his prison term to five years for his role in the dramatic collapse of the TerraUSD stablecoin, which wiped out $40 billion in 2022. Kwon’s request comes ahead of his December sentencing in Manhattan, where a judge will decide the length…
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Do Kwon’s Guilty Plea On August 12, 2025, the United States Attorney’s Office for…
Do Kwon’s alleged schemes could have impacted more than 1 million victims worldwide, according to US prosecutors. US authorities extradited Kwon, the disgraced co-founder of the Terra (LUNA) ecosystem, late last month. Kwon faces fraud charges related to the multibillion-dollar downfall of Terra in 2022. In a recently submitted court document, prosecutors argue that Kwon’s…
Die rechtliche Saga um Terraform Labs Mitbegründer Do Kwon entwickelt sich weiter, und sein kürzliches Plädoyer auf nicht schuldig in einem New Yorker Gericht stellt einen wichtigen Meilenstein dar. Nach seiner Auslieferung aus Montenegro sieht sich Kwon einer Vielzahl von Anklagen gegenüber, die mit dem dramatischen Zusammenbruch des algorithmischen Stablecoins Terra USD (UST) und dem…
Do Kwon, the co-founder of the bankrupt Terraform Labs, pleaded not guilty to fraud charges brought against him by US prosecutors for his role in the $40 billion TerraUSD stablecoin collapse, according to Bloomberg. Another High-Profile Crypto Trial Kwon is facing nine charges, including wire, securities, and commodities fraud. Despite his not-guilty plea, he agreed…
After 18 months of legal battles, Montenegro has approved the extradition of the disgraced crypto entrepreneur Do Kwon to the United States, where he faces fraud charges, local media publication Vijesti reported. In May 2022, the cryptocurrency market faced heightened volatility that left investors with losses. Two digital tokens, TerraUSD and Luna, lost nearly all…
Do Kwon, the co-founder of the bankrupt Terraform Labs, will be extradited to South Korea, a Montenegro appeals court ordered yesterday (Thursday), rejecting the United States’ bid. However, it remains unclear when he will be sent to his home country. The Fate of Do Kwon The latest order came after months of legal tussle between…
Terraform Labs und sein ehemaliger CEO Do Kwon haben mit der US-Börsenaufsichtsbehörde SEC (Securities and Exchange Commission) einen umfassenden Vergleich geschlossen und sich zur Zahlung von 4,5 Mrd. USD in Form von Rückerstattungen, Vorfälligkeitszinsen und zivilrechtlichen Strafen verpflichtet. Dieser Vergleich stellt eine bedeutende Entwicklung in der laufenden juristischen Saga nach dem 40 Milliarden Dollar schweren…