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terraform labs
Crypto Goes Unmentioned in Trump-Musk Interview; 3AC Liquidators Suing Terraform Labs for $1.3B
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as crypto and bitcoin went unmentioned in the interview between X CEO Elon Musk and former President Donald Trump. Plus, 3AC liquidators have sued Terraform Labs for $1.3 billion and Hamster Kombat bashes crypto VC funding.
Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg
Earlier, in June 2023, the liquidators sought $1.3 billion from the founders of 3AC, Su Zhu and Kyle Davies.
U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement; Gensler Speaks on Ether ETF Approval
"CoinDesk Daily" host Michele Musso breaks down the biggest headlines impacting the crypto industry today, as a U.S. judge has agreed to a settlement between the SEC, Terraform Labs and its former CEO Do Kwon. Plus, SEC Chair Gary Gensler told senators in a budget hearing that the applications to run ether spot ETFs should be finished this summer and a JPMorgan research report says digital assets have seen $12 billion of net inflows year-to-date.
U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC
The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgment interest, and civil penalties
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.
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.
Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
The massive sum is a “conservative measure” of Terraform Labs and Do Kwon’s ill-gotten gains, according to the SEC.
Bitcoin Price Shot Past $71K; Do Kwon and Terraform Labs Liable for Fraud in SEC Case
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin price rose above the $71,000 level for the first time since the beginning of April. Plus, the latest gains in U.S. crypto-related stocks and a Manhattan jury found Do Kwon and Terraform Labs liable on civil fraud charges brought by the SEC.
Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs
The U.S. SEC has argued that Do Kwon and his company lied to investors about the stability of TerraUSD and its integration with a Korean mobile payments app.
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.