Ripple Ruling on Crypto Rejected by Federal Judge in Terra Case

(Bloomberg) -- A federal judge in New York split with another judge who earlier this month ruled that a Ripple Labs token was not a security when sold to the public on secondary markets.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyStock Bulls in Charge as S&P 500 Extend

• 2023-08-01
• Ripple Labs Bloomberg Jed Rakoff Terraform Labs secondary markets

South Korea holds first court hearing for Terra co-founder Daniel Shin on crypto fraud charges

South Korea on Monday held the first preliminary hearing for Terraform Labs co-founder Daniel Shin and seven other former employees on charges related to the collapse of the Terra-Luna crypto project.

• 2023-07-10
• Daniel Shin preliminary hearing Terraform Labs Seoul Southern District Court South Korea Shin

Montenegro court releases crypto entrepreneur Do Kwon on bail

A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges. Do Kwon, a South Korean national, is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in May 2022 roiling cryptocurrency markets. Following his arrest in Montenegro in March, the U.S. District Court in Manhattan made public

• 2023-05-12
• Do Kwon Terraform Labs U.S. District Court South Korean national

Arianna Simpson talks crypto at Disrupt and why a16z bets billions

Investing in crypto is not for the faint of heart. The volatile crypto landscape is littered with the remains of high-profile collapses, like Terraform Labs, Three Arrows Capital and FTX. In May 2022, a16z announced a fourth crypto fund to the tune of $4.5 billion, which brings the total amount of funding it has raised for crypto and web3 alone to more than $7.6 billion.

• 2023-05-04
• TechCrunch Disrupt Arianna Simpson Investing in crypto Three Arrows Capital Andreessen Horowitz Terraform Labs

The cofounder of Terraform Labs was indicted by South Korea on charges related to the $60 billion crypto crash, report says

Shin's lawyer said that the exec has "nothing to do with the Terra, Luna collapse as he left the company two years before the fallout."

• 2023-04-26
• South Korea Terraform Labs Daniel Shin capital markets law

Do Kwon Says SEC Is Out of Bounds in Pursuing Crypto Fraud Suit

(Bloomberg) -- Crypto entrepreneur Do Kwon’s lawyers say a US regulator’s lawsuit accusing him and Terraform Labs Pte of securities fraud is unfounded, in part, because the stable coin at issue is a currency, not a security.Most Read from BloombergElon Musk’s Wealth Plunges $13 Billion as Drama Unfolds Across EmpireCities Keep Building Luxury Apartments Almost No One Can AffordTesla Increases Price of Model S, X in US After Shares SlumpSpaceX Says It Blew Up Starship Rocket After Engine MishapAi

• 2023-04-22
• Bloomberg Terraform Labs federal securities law US Securities and Exchange Commission securities fraud unregistered securities Kwon Do Hyeong Kwon

Crypto Fugitive Do Kwon Is Arrested in Montenegro and Charged With Fraud in US

(Bloomberg) -- Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was arrested in Montenegro and charged with fraud by US prosecutors.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockShort Seller Hindenburg Says ‘Another Big One’ Coming SoonUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidJPMorgan Sold $10 Million in Jewels Left in Bank Safe Deposit Box, Suit Claim

• 2023-03-24
• US Securities and Exchange Commission Bloomberg Terraform Labs Do Kwon Interior Ministry South Korean prosecutors South Korea

SEC charges Terraform Labs over alleged 'multi-biillion dollar' crypto fraud

The SEC has charged Terraform and its CEO for allegedly running a 'multi-billion dollar' crypto fraud scheme.

• 2023-02-17
• securities fraud Terraform Labs crypto asset

SEC charges Do Kwon, Terraform Labs with securities fraud

The SEC charged Do Kwon and Terraform Labs with defrauding investors on Thursday, its latest enforcement action in what's been a busy year for crypto regulation.

• 2023-02-17
• Do Kwon Terraform Labs

SEC charges Terraform Labs and CEO Do Kwon with defrauding crypto investors

The U.S. Securities and Exchange Commission accuses Singapore-based Terraform Labs, issuer of a crashed stablecoin, and CEO Do Kwon, of fraud.

• 2023-02-17
• Do Kwon Terraform Labs U.S. Securities and Exchange Commission Gary Gensler SEC