Major crypto updates: IRS postpones tax rules till 2024; Do Kwon pleads not guilty amidst TerraUSD fallout. Exchange compliance gets more time.
Do Kwon, the controversial figure behind TerraUSD, faces new legal troubles. The saga continues as he confronts potential charges that could lead to 130 years in prison. Legal uncertainties loom over the crypto world.
Do Kwon, tied to TerraUSD and Luna crypto, denies fraud in U.S. court after extradition. Faces 9 charges from $40 billion market crash in 2022.
Do Kwon, Terraform Labs’ co-founder, claims innocence over the $40B TerraUSD crash.
Do Kwon, extradited from Montenegro, says 'not guilty' to US fraud charges. What's next in his legal journey?
Do Kwon, co-founder of Terraform Labs, pleads not guilty to fraud charges regarding the TerraUSD and Luna collapse. Extradited from Montenegro, he faces multiple allegations in Manhattan federal court. What's next in this high-profile case?
Do Kwon, creator of TerraUSD and Luna, faces fraud charges in US court following extradition from Montenegro.
Do Kwon enters a Manhattan court, pleading not guilty to fraud charges linked to TerraUSD's dramatic crash in May 2022. This event led to a $40 billion market hit, impacting investors and crypto space significantly.
Do Kwon says he's not guilty in the U.S. court as the case on TerraUSD's collapse starts unfolding.
Do Kwon, Terraform Labs founder, appeared in US court denying federal fraud charges. He's linked to TerraUSD's collapse. Both US and South Korea seek prison for Kwon. Despite the serious charges, he seemed calm in court. His past legal challenges included extradition battles and settling certain charges with the SEC.
Do Kwon, founder of Terraform Labs, gets extradited to the US over billion-dollar crypto fraud from Terrausd and Luna's collapse.
Do Kwon, co-founder of Terraform Labs, is set for extradition to the US due to his involvement in the TerraUSD crash, highlighting legal consequences.
Do Kwon's headed to the US for trial on fraud charges related to TerraUSD’s $40bn collapse. Montenegro's extradition decision favors the US over South Korea. Arrested in 2023, Kwon’s case recalls FTX’s Sam Bankman-Fried saga. The market’s wreckage remains, with links to Montenegrin politics adding intrigue.
Montenegro has ordered the extradition of Terraform Labs founder Do Kwon to the US, bypassing South Korea's request. This move comes after the $40 billion collapse of cryptocurrencies TerraUSD and Luna.
Montenegro rejects Do Kwon's appeal against extradition, moving him closer to facing charges in the US over Terraform Labs' $40 billion crypto crash. Both the US and South Korea want Kwon for financial crimes. This case highlights the complexities of international crypto-related legal proceedings.
SEC hits Tai Mo Shan with a $123M fine for misleading investors over TerraUSD's collapse, a $40 billion fiasco. TerraUSD's stability was in question, leading to turbulent times in May 2022. This fine highlights regulatory scrutiny on crypto misconduct.
Tai Mo Shan Limited faces a $123M SEC fine over deceptive practices with TerraUSD. They tricked investors about stablecoin stability, selling unregistered securities.
Tai Mo Shan's $123 million settlement with the SEC highlights major concerns over TerraUSD's stability and potential market deception. This settlement emphasizes the importance of cryptocurrency regulatory compliance as scrutiny intensifies.
The SEC fined Jump Trading $123 million for misleading investors about TerraUSD's stability mechanism during its depeg crisis.
Jump Crypto's unit Tai Mo Shan settles with SEC for $123M over misleading TerraUSD claims, triggering losses. Despite settlement, firm neither admits nor denies SEC's findings. Incident highlights SEC's demand for compliance in crypto.
Jump Trading's crypto wing slapped with $123 million fine for allegedly manipulating TerraUSD's price to maintain its $1 peg, says SEC.
The TerraUSD collapse revealed the vulnerabilities of algorithmic stablecoins, highlighting potential risks to investors. A prominent crypto researcher revisited the events, emphasizing the financial losses it caused. The LUNA crash had significant impacts, shaking the crypto world and cautioning against the inherent dangers of algorithmic systems.
Montenegro is set to decide Do Kwon's extradition this week, following his legal issues after the TerraUSD collapse. Justice Minister Bojan Božović confirmed the potential decision, which comes after months of delays.
South Korea has warned crypto scammers they could face life sentences if losses exceed $4 million, following the $40 billion damage caused by Terraform Labs founder Do Kwon.
Terraform Labs' Chapter 11 bankruptcy has been approved by a Delaware court, marking a critical point in the collapse of the TerraUSD (UST) stablecoin.
Terraform Labs, the company behind the failed TerraUSD, has received U.S. court approval for its bankruptcy plan, marking the end of its $40 billion collapse.
Terraform Labs could pay up to $442 million to investors as a bankruptcy judge approves their wind-down plan.
Terraform Labs shutters after its bankruptcy plan gets court approval amid $40 billion fraud accusations from the SEC, impacting investors significantly.
Terraform Labs is shutting down after its bankruptcy plan was accepted. The SEC accused the company of fraud, causing investors to lose $40 billion. Now, investors are left wondering about their next steps.
Terraform Labs secures court approval to end its bankruptcy amid a settlement with the SEC following the TerraUSD collapse.
The US SEC collected $4.68 billion in fines from the crypto sector in 2024, a 3,018% increase from 2023. This included a major fine on Terraform Labs. The crypto community criticizes the SEC's aggressive tactics which may stifle innovation.
