Terraform Labs Pte, along with its co-founder Do Kwon, has recently faced significant legal challenges after being found liable for fraud by a New York jury. The U.S. Securities and Exchange Commission (SEC) accused Terraform and Kwon, the creator of…
Terraform Labs Seeks Penalty Reduction in SEC Fraud Case After $5.3 Billion Fine Proposal
Lawyers representing Terraform Labs and its co-founder, Do Kwon, have requested a reduced penalty following their clients’ recent conviction for fraud. They argue that a fine closer to $1 million is more appropriate than the $5.3 billion proposed by the…
Terraform Labs and Founder Do Kwon Face Fraud Verdict in SEC Case
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…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed to steal a staggering $125 million from Poloniex’s hot wallets in November. The audacious heist, which exploited vulnerabilities in the popular exchange’s security systems, showcased…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
