Terra co-founder Daniel Shin faces first court hearing in South Korea
The South Korean court noted that it would study the submissions of Daniel Shin's legal team; both parties are expected to be in court on August 28 for a second hearing.
Latest UST News
Wyre is the next digital currency company to shut down
Withdrawals in Wyre will be available until July 14, after which there will be a recovery process for the digital currency that remains on its platforms.
Terraform Labs: Jail time for founder Do Kwon in Montenegro over document forgery charges
The LUNA and TerraUSD founder was taken into custody over charges of document forgery, but he will complete his sentence in a month as the time he spent in detention will be considered.
Do Kwon may face prison time in US, South Korea amid tight extradition race
South Korean prosecutor Dan Sunghan thinks that sending Do Kwon to South Korea is the most rational decision to recover damages and bring justice to thousands of victims of the TerraUSD de-pegging.
Do Kwon to be remanded in Montenegrin jail after superior court revokes bail: report
Prosecutors from the High Court in Podgorica revoked the bail conditions on the fact that it “could not establish the value of their assets just based on their statements.”
Montenegrin prosecutors appeal Do Kwon’s bail terms, heads to Supreme Court
The Montenegro prosecutor's appeal revolves around the fact that the bail conditions for Do Kwon and Han Chang-Joon appear to be a slap on the wrist compounded by the flight risk posed by the duo.
Jump Trading manipulated UST price for $1.3B profit, class action lawsuit alleges
Jump Trading entered into an agreement with Terraform Labs to manipulate UST to stay at $1 and in return purchased LUNA at a 99% discount, investors allege.
Do Kwon to be released on $436K bail ahead of criminal trial in Montenegro
Terraform Lab's Do Kwon and Han Chang-joon would be subjected to house arrest under police supervision on a €400,000 (approximately $436,000) bail each.
Terra’s Do Kwon stands to face longest jail term over financial crime, South Korea says in extradition fight
South Korea is in an extradition battle with the United States for Do Kwon, who is currently facing passport forgery charges in Montenegro, as it promises a long sentence.
Terraform Labs wants US lawsuit dismissed since LUNA/UST was developed overseas
The lawsuit should be dropped as its protocols were developed overseas, according to Terraform Labs. It had been sued for selling unregistered securities.
South Korea formally charges Daniel Shin and 9 accomplices over Terra collapse
Daniel Shin has continued to protest his innocence in the Terra debacle, with his lawyers arguing that he parted ways with the company in 2020 to start a new venture.
Do Kwon faces up to 5 years in Montenegrin jail over fake passport charges
Do Kwon and his accomplice Han Chang-joon were arraigned before a Montenegrin Basic Court for holding fake Costa Rican passports—both could face up to five years if convicted.