#kwon-do-hyung (2 Posts)
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How Terraform Labs Misled Thousands of Investors The prosecution submitted to the court a conversation revealing that Kwon Do Hyung, the main culprit behind the Terra-Luna crash and CEO of Terraform Labs, had attempted to deceive investors from the early stages of the company’s operation, along with former Chai Corporation CEO Daniel Shin. According to the legal circles on June 17, the Financial […] -
End of the Line? Terraform Labs Agrees to $4.7 Billion SEC Settlement Kwon Do Hyung and Terraform Labs have agreed to pay the U.S. Securities and Exchange Commission (SEC) a fine of $4.47 billion. This is in response to the so-called stablecoin TerraUSD virtual asset collapse in 2022, which resulted in a $40 billion loss. A stablecoin is a virtual asset linked to the U.S. dollar. According […]
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