terraform labs
Jump Crypto Booked $1.28B in Profits as Terra's Ecosystem Crumbled: Sources
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.
4 Huge Revelations in the SEC’s Charges Against Do Kwon and Terraform Labs
TerraUSD was a more overt and calculated fraud than was previously known – and Do Kwon is still cashing out.
Former CFTC Chairman Massad: SEC 'Absolutely Right' on Suing Terraform Labs, Do Kwon
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."
SEC Sues Terraform Labs, CEO Do Kwon For Defrauding Investors
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.
Former CFTC Chairman Massad Reacts to SEC Suing Terraform Labs, Do Kwon for Misleading Investors
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.
Coinbase Chief Policy Officer: 'We Need Congress to Step Up' on Crypto Regulation
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.
S. Korean Judge Dismisses Arrest Warrant for Terra Co-Founder Shin
An arrest warrant for Do Kwon, another co-founder, remains in effect, however.
Prosecutors Seeking Arrest Warrant for Terraform Labs' Daniel Shin: Yonhap
Terraform Labs' co-founder is being charged with taking illegal profits and violating the Electronic Financial Transaction Act, according to media reports.
Swan Bitcoin CEO on Sam Bankman-Fried's Downfall
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.
Bitcoin Higher After October Jobs Report; Fidelity Opens Waiting List for Retail Crypto Product
Bitcoin is trending higher near $21,000 Friday after the U.S. October jobs report revealed 261,000 nonfarm payrolls were added in October, beating economists' forecasts. Financial services giant Fidelity Investments has opened the waiting list for Fidelity Crypto, its crypto product aimed at retail customers. Terraform Labs co-founder Do Kwon may be in Europe, according to Bloomberg.
