Do Kwon

When U.S. regulators sued Do Kwon and Terraform Labs this week for the spectacular implosion of their UST stablecoin and related LUNA token, a huge question was left unanswered: who was the trading partner that booked $1.28 billion in profits as Terra’s $40 billion ecosystem crumbled? According to CoinDesk sources, it was Jump Crypto, a company whose parent has deep roots in conventional finance that’s become a giant in digital assets. “The Hash” panel discusses the latest developments after the SEC released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs.

17 feb 2023

The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chairman Timothy Massad reacts to the allegations, adding that the industry often complains about lack of regulatory clarity, but "you just need to have good lawyers that read the law."

17 feb 2023

On Thursday, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the firm behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. The SEC is charging Terraform and Kwon with fraud, selling unregistered securities, selling unregistered security-based swaps and other related claims. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the charges in the aftermath of a collapse that triggered a wave of bankruptcies in the crypto industry.

17 feb 2023

The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chair and Harvard Kennedy School Research Fellow and Director of the Digital Assets Policy Project Timothy Massad discusses his outlook on stablecoins and crypto regulation in the U.S. Plus, the significance of a clearer regulatory framework for government agencies to protect investors better.

17 feb 2023

Coinbase Chief Policy Officer Faryar Shirzad discusses the outlook for the crypto exchange and digital asset regulation at large on the heels of the U.S. Securities and Exchange Commission (SEC) suing Terraform Labs and its co-founder Do Kwon for misleading investors. Plus, reaction to Kraken ending its crypto staking-as-a-service platform for U.S. customers and its $30 million settlement with the SEC.

17 feb 2023

Di David Z. Morris14 feb 2023

U.S. prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reports. Do Kwon, wanted internationally in connection with Terra's collapse, has moved to Serbia through Dubai, according to CoinDesk Korea. And Bloomberg reports that at least $73 million of political donations tied to Sam Bankman-Fried’s FTX may be at risk of being clawed back.

12 dic 2022

CoinDesk Chief Insights Columnist David Z. Morris discusses how CoinDesk's Most Influential 2022's four horsemen of the cryptocalypse – Do Kwon, Su Zhu, Alex Mashinsky and Stephen Ehrlich – "got all the way to the top." He adds "there's going to be a lot more proactive enforcement of this stuff in the future."

8 dic 2022

This year has been a real mixed bag with market ups, downs, successes, progress, and now a crisis of faith for some in crypto.  CoinDesk Chief Insights Columnist David Z. Morris joins "All About Bitcoin" to discuss why Do Kwon, Su Zhu, Alex Mashinsky and Stephen Ehrlich are four of CoinDesk’s Most Influential 2022. Plus, insights on Morris' latest op-ed about why former FTX CEO Sam Bankman-Fried could go to jail.

8 dic 2022

Last month, Swan Bitcoin CEO Cory Klippsten said "Scam Bankman-Fried" was next to go down after the $60 billion collapse of Terra's luna and UST led by Terraform Labs co-founder Do Kwon. Klippsten joins "All About Bitcoin" to discuss what he got right about the imploding crypto exchange FTX and where it's headed next.

14 nov 2022