Terra creator Do Kwon faces prosecution in South Korea

Do Kwon, the creator of the stablecoin TerraUSD (UST) and its sister token Luna, is facing legal prosecution in South Korea over the collapse of the two coins that wiped out billions of dollars from investors around the world earlier this month. The Seoul Southern District Prosecutors’ Office said Friday that it has kicked off […]

SEC targeting ‘legitimized crypto institutions’ for ‘publicity,’ Terraform CEO retorts

In an unprecedented move, major cryptocurrency company, Terraform Labs and its co-founder Do Kwon sued the SEC as per recent court filings. The co-founder was issued with a subpoena by the U.S. Securities and Exchange Commission (SEC) during a blockcha…

Terraform Labs Files Lawsuit Against SEC After Receiving Subpoenas

Terraform co-founder and CEO Do Kwon and Terraform Labs is suing the SEC for conduct that could be in violation of rules.

The post Terraform Labs Files Lawsuit Against SEC After Receiving Subpoenas appeared first on BeInCrypto.

Terraform Labs Gets $150M Investments from Major Crypto Players

South Korean company Terraform Labs has secured $150 million worth of investment funding from several high-flyers in the crypto space.

The post Terraform Labs Gets $150M Investments from Major Crypto Players appeared first on BeInCrypto.

Crypto investors like Terraform Labs so much, they’re committing $150 million to its ‘ecosystem’

There are many blockchain platforms competing for investors’ and developers’ attention right now, from the big daddy of them all, Ethereum, to so-called “Ethereum Killers” like Solana, which we wrote about in May. Often, these technologies are seen as so promising that investors are willing to fund not only the blockchains but an ecosystem of […]