Jacob Gadikian, CEO of the blockchain services firm Notional Labs, has recently alleged that Terra’s downfall and UST’s dollar depeg were not caused by Do Kwon, the disgraced founder of the project. Gadikian stated that the real culprit behind this fraud, an unidentified attacker, remains at large. Blockchain Engineer States Terra’s Attacker Remains at Large, […]
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As part of discovery proceedings, prosecutors said they would search the Terraform Labs co-founder’s emails and Twitter account.
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The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.
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Do Kwon was apprehended by law enforcement in Montenegro in June 2023 after attempting to flee the country with a false passport.
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Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted […]
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3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem.
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In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a fake passport, faces criminal charges in South Korea related to the $40 billion collapse […]
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Since 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin courts.
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These developments indicate TFL’s proactive efforts to tackle Terra’s challenges and restore trust and stability within the Terra ecosystem.
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The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.
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