The collapse of Terraform Labs was part of a greater deleveraging event in crypto that culminated in the fall of FTX.

Behind the scenes, he had struck deals with trading firms to artificially prop up prices, creating what experts later called ...

Terraform Labs Pte. co-founder and onetime fugitive Do Kwon was sentenced to 15 years in prison for the fraud that led to the ...

Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his ...

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in ...

The South Korean cryptocurrency entrepreneur behind two digital currencies was sentenced for what a judge called an "epic ...

Cryptocurrency mogul Do Kwon is scheduled to be sentenced for misleading investors who lost billions when his company’s ...

Kwon, who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, pleaded guilty and admitted misleading ...

The $40 billion crash of Kwon’s TerraUSD and Luna coins triggered a cascade of company failures across the crypto sector.

A federal judge in New York has sentenced Do Kwon, the former CEO of Terraform Labs, to 15 years in prison for a scheme that ...

Kwon, 34, was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of ...

The judge said the victim letters, which detailed the personal impact of the Terra collapse, were “impactful”—before ...