Feb 07 2024
Do Kwon, the co-founder of Terraform Labs, is at the center of a legal storm as new revelations regarding the terraUSD (UST) stablecoin collapse in 2022 come to light. Kwon was sued by the U.S. Securities and Exchange Commission (SEC) for allegedly providing false information to investors. An Oct. 18 in a New York court …
Jun 15 2023
Do Kwon, the co-founder of Terraforms Labs and the collapsed Terra-Luna ecosystem, has received reapproval from the Basic Court of Podgorica. Kwon and Han Chong-Joon, his associate, will be released on $430,000 bail each and detained in an apartment to be monitored by the police. The new development comes less than two weeks after a …