TerraUSD


Policy

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.

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 Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ

The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.

Do Kwon, whose TerraUSD and Luna tokens collapsed in 2022, fueling the crypto winter (Terra)

Markets

Terra's USTC Gains 300% as Bitcoin-Focused Comeback Plan, Binance Perpetuals Listing Fuel Speculative Frenzy

USTC and LUNC tokens are remnants of the collapsed Terra ecosystem that some community members remained committed to revive.

TerraClassicUSD price (CoinDesk)

Videos

VanEck Readies Ethereum Futures ETF; Marathon Digital Mines Invalid Bitcoin Block

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including VanEck preparing to roll out its Ethereum futures exchange-traded fund (ETF). TerraUSD creator Do Kwon opposes the SEC's attempts to bring him back to the United States. Changpeng “CZ” Zhao denies he is the owner of CommEX, the company that has bought Binance Russia. Plus, Bitcoin mining company Marathon Digital (MARA) mines an invalid Bitcoin block.

Recent Videos

Videos

Prime Trust's CEO Says Firm Lost $8M in Doomed Terra Stablecoin Investment

Prime Trust CEO Jor Law said in a recent court filing that the crypto custodian lost a total of $8 million in a doomed investment in the terraUSD algorithmic stablecoin. "The Hash" panel discusses the latest developments in Prime Trust's bankruptcy proceedings.

Recent Videos

Consensus Magazine

As Justice Is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra’s Shadow

The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports.

Terra founder Do Kwon (Terra)

Videos

Do Kwon Facing Criminal Fraud Charges From U.S. Prosecutors

Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro. Kwon, whose location had been a mystery for months, also faces an investigation in South Korea and has been on an Interpol wanted list in connection with last year's terraUSD collapse. Kwon already faced civil charges filed by the SEC on allegations he misled investors. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest.

Recent Videos

Policy

Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP

Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.

Terraform Labs co-founder Do Kwon (CoinDesk TV)

Policy

Justice Department Investigating TerraUSD Stablecoin Collapse: Reports

The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month.

The U.S. Department of Justice charged Cred's executives with wire fraud, conspiracy to commit wire fraud and related charges. (Getty Images).

Videos

Singapore Authorities Probing Do Kwon’s Terraform Labs: Bloomberg

Singapore's police said they have started to investigate Terraform Labs, the company behind the failed terraUSD (UST) stablecoin, according to a Bloomberg report on Monday. "The Hash" panel discusses the latest developments after the collapse of TerraUSD last year led to a wave of bankruptcies in the crypto industry, including those of hedge fund Three Arrows Capital and crypto lenders Voyager Digital and Celsius Network.

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