Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg Earlier, in June 2023, the liquidators sought $1.3 billion from the founders of 3AC, Su Zhu and Kyle Davies. Continue Reading
Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request Kwon has been in custody in the Balkan country since March 2023, when he was arrested for using a fake passport en route to Dubai. Continue Reading
Do Kwon Released From Montenegrin Prison on Bail; Terraform Labs’ Civil Trial Begins in NYC It remains unclear whether Kwon will eventually be extradited to the U.S. or South Korea to face charges tied to the $40 billion collapse of the Terra ecosystem in... Continue Reading
Tokens Linked to Defunct Terra Shoots 70% on Bitcoin Linking, Burn Program These tokens have been among the strongest performers among the top hundred tokens by market capitalization in the past week. Continue Reading
Terra’s USTC Gains 300% as Bitcoin-Focused Comeback Plan, Binance Perpetuals Listing Fuel Speculative Frenzy USTC and LUNC tokens are remnants of the collapsed Terra ecosystem that some community members remained committed to revive. Continue Reading
SEC Asks Court for Summary Judgement Against Do Kwon, Terraform The request follows a move by Kwon's defense team to do the same. Continue Reading
Terraform Labs Founder Do Kwon Opposes SEC’s Extradition Request The TerraUSD creator opposes the SEC's attempts to bring him back to the U.S. for questioning about his failed stablecoin projects. Continue Reading
Terra Classic Community Votes to Stop USTC Minting as Revival Efforts Continue TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted. Continue Reading