Terraform Labs
About Terraform Labs
Terraform Labs is a startup that created Terra, a blockchain protocol and payment platform used for algorithmic stablecoins. It was co-founded by Do Kwon and Daniel Shin in 2018 in Seoul, South Korea.
Terraform Labs introduced its first cryptocurrency token, TerraUSD, in 2019. Investment firms like Arrington Capital, Coinbase Ventures, Galaxy Digital, and Lightspeed Venture Partners helped Terraform Labs raise more than $200 million.
The collapse of the stablecoins TerraUSD (UST) and Luna in May 2022 caused the temporary suspension of the Terra network, wiping out over $45 billion in market capitalization in a single week. Both of Terra Form Labs' founders have encountered legal problems as a result of the devaluation of the company's currency. In September 2022, South Korean prosecutors filed a warrant for Do Kwon's arrest. He was also added to Interpol's Red Notice list, which urges other law enforcement to find and detain him.
Terraform Labs News
Legal
Terraform Labs co-founder Do Kwon set to plead guilty on August 12 in $40B fraud case
The change comes months ahead of the January 26, 2026, trial date initially set for the case.
- Terraform Labs launches claims portal for algorithmic UST stablecoin crash victims
Terraform Labs sets deadline for UST creditors to file claims, requiring proof of asset ownership and eligible tokens.
- Terraform Labs secures court approval to wind-down operations after settling with SEC
US Bankruptcy Judge Brendan Shannon approved Terraform's bankruptcy plan in Wilmington, Delaware, giving a green light to the wind-down.
- Terraform Labs moves $62.81M in BTC amid final wind-down steps
The significant Bitcoin transfer aligns with Terraform Labs' winding down process.
Terraform Labs Video
Terraform Labs Research
Terraform Labs Clients
Projects
Terraform Labs Portfolio
Terraform Labs Team
Terraform Labs Support
All images, branding and wording is copyright of Terraform Labs. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the company mentioned on this page.
No top news in the last 90 days.
