Terra


Policy

Do Kwon Criminal Trial Set for 2026 as Lawyers Deal with ‘Massive’ Trove of Evidence

Prosecutors are currently working to unlock four of Kwon’s cell phones provided by Montenegrin authorities.

Do Kwon, cofounder of Terra. (Terra, modified by CoinDesk)

Policy

Do Kwon Pleads Not Guilty to Fraud Following Extradition to US: Reuters

Kwon's Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion

Do Kwon (CoinDesk archives)

Opinion

After 2022’s Bust, Scars Are Healing In Crypto Lending

Innovative structures, attractive yields, and stronger risk management capabilities are driving a recovery in institutional crypto lending markets, says Craig Birchall, head of product at Membrane, an institutional loan management software provider for digital asset markets.

(Igor Kyryliuk & Tetiana Kravchenko/ Unsplash+)

Tech

Terra Blockchain Restarts After $4M Exploit

A reentrancy attack briefly halted the network. It restarted after an “emergency” chain upgrade.

Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)

Policy

Terraform Labs, Do Kwon Agree to Pay SEC a Combined $4.5B in Civil Fraud Case

The settlement agreement, if accepted by a judge, would also ban Kwon and Terraform Labs from buying or selling all crypto asset securities.

Terraform Labs co-founder Do Kwon (CoinDesk TV)

Policy

Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing

Do Kwon is currently out on bail in Montenegro, awaiting extradition to either the U.S. or South Korea.

Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)

Finance

Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra

"A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum.

Ethena's total value locked surged 12-fold in 60 days. (DefiLlama)

Policy

South Korea’s April 10 Election: What’s at Stake for the Crypto Universe

In South Korea’s election, voters casting their ballot based on crypto policies could be decisive given the predictions of a tight election.

(Daniel Bernard/ Unsplash)

Policy

New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.

A U.S. jury began deliberating in the civil trial against Do Kwon and the company he co-founded, accused of fraud by the Securities and Exchange Commission. (CoinDesk TV and Jesse Hamilton/CoinDesk)

Policy

Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court

The Luna/Terra founder will remain in the Balkan country “until a decision is made” on where to send him to face charges.

Terraform Labs co-founder Do Kwon (CoinDesk TV)