Terra | FinTelegram News

Tag: Terra

April 7, 2024

SEC Clinches Court Triumph Over Terraform Labs and Do Kwon Amid Ongoing US-South Korea Extradition Battle

In an important ruling that reverberates through the corridors of the crypto world, a New York court has decisively sided with the U.S. Securities and Exchange Commission (SEC) in its case against Terraform Labs and its embattled founder, Do Kwon. This legal skirmish forms part of a broader narrative that includes a still-unresolved extradition tiff between the United States and South Korea over Kwon's fate.

February 9, 2024

Montenegro Court Halts Extradition of Terra Co-Founder Do Kwon

The Montenegro Court of Appeals has halted the extradition of Terra's co-founder, Do Kwon, to South Korea and the U.S., marking a pivotal moment in the ongoing legal saga surrounding the crypto entrepreneur. Kwon recently requested a delay of the trial in the fraud lawsuit of the U.S. SEC. While FTX founder Sam Bankman-Fried and Binance founder Changpeng Zhao wait for their sentencing, Kwon's court procedures in the U.S. have not yet started.

January 14, 2024

Terraform Labs Founder Do Kwon Requests Trial Delay Amid Extradition Procedures!

Do Kwon, the former CEO of Terraform Labs, is facing a prolonged legal battle, with his legal team now expecting delays in his extradition proceedings from Montenegro. These delays could postpone Kwon's arrival in the U.S. for his trial with the U.S. Securities and Exchange Commission (SEC) until February or March 2024. Terra's collapse in May 2022 led to a severe bear market and the bankruptcy of several large crypto schemes.

September 15, 2022

Expected! Arrest Warrant for Terra Co-Founder Do Kwon!

A court in South Korea issued an arrest warrant for the Terraform Labs founder Do Kwon. The warrant follows the collapse of the $40 billion Terra ecosystem and its algorithmic stablecoin (UST), which was the first domino to fall in this year's crypto winter. The warrant included five additional individuals, Bloomberg News reported. They are charged with violating the Capital Markets Act, the report said.

July 7, 2022

The Crypto Winter Protocol – From Terra Via Three Arrows Capital To The Voyager Bankruptcy!

On July 6, 2022, crypto broker Voyager Digital filed for Chapter 11 Bankruptcy. With more than 3.5 million app users and over $5.9 billion in..

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.