In a significant verdict delivered by a Manhattan jury, Singapore-based Terraform Labs and its founder, Do Kwon, have been found liable on civil fraud charges. The jury’s decision, in agreement with the U.S. Securities and Exchange Commission (SEC), validates the…
Terra’s Do Kwon Comments on US Extradition Proceedings
Terraform Labs, once a shining beacon in the cryptocurrency world, has faced a dramatic downfall. The company, co-founded by Do Kwon, was instrumental in developing the TerraUSD stablecoin. This digital currency, pegged to the US dollar, aimed to provide a…
Crypto Executive Do Kwon Charged by SEC of Misappropriating Funds to Buy 10,000 Bitcoin
Do Kwon, a South Korean blockchain entrepreneur and co-founder of the Terra blockchain platform, has been accused by the U.S. Securities and Exchange Commission (SEC) of conducting an illegal securities offering and misappropriating funds. Dodgy ICO and Stolen Investor Funds…
Largest South Korean Convenience Store to Accept Crypto Payments Soon
The largest convenience store in Korea with 13,000 locations across the country CU, will soon be accepting crypto payments. According to local reports CU will integrate a payment system known as chai, which will enable consumers to utilize a Korean…