UST

Terraform Labs co-founder Do Kwon (CoinDesk TV)
Terraform Labs Declares Bankruptcy in Delaware
Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore.
Terraform Labs co-founder Do Kwon (CoinDesk TV)

Chair Gary Gensler's U.S. Securities and Exchange Commission is hoping its Terraform Labs win influences its fights against Coinbase and Binance. (Jesse Hamilton/CoinDesk)
U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
The agency contends last week's court ruling that offerings from Terraform were securities should help make its case that the exchanges traded unregistered securities.
Chair Gary Gensler's U.S. Securities and Exchange Commission is hoping its Terraform Labs win influences its fights against Coinbase and Binance. (Jesse Hamilton/CoinDesk)

Thumbs down (Markus Spiske / Unsplash)
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements s...
Thumbs down (Markus Spiske / Unsplash)

Do Kwon and the company he co-founded, Terraform Labs, are hoping to get a federal judge to decide the U.S. Securities and Exchange Commission hasn't made its securities-fraud case. (CoinDesk TV and Jesse Hamilton/CoinDesk)
Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case
The stablecoin issuer filed for summary judgment, asking the judge to toss the regulator's accusations that Do Kwon and his company engaged in a multi-billion-dollar securitie...
Do Kwon and the company he co-founded, Terraform Labs, are hoping to get a federal judge to decide the U.S. Securities and Exchange Commission hasn't made its securities-fraud case. (CoinDesk TV and Jesse Hamilton/CoinDesk)

Terraform Labs CEO Do Kwon on CoinDesk TV in December 2021. (CoinDesk)
U.S. Court Will Rule on Terraform Labs' Push to Dismiss SEC Lawsuit Within a Month
Terraform Labs' lawyers argued UST was not a security because it was designed for commerce, rather than as an investment.
Terraform Labs CEO Do Kwon on CoinDesk TV in December 2021. (CoinDesk)

Terraform Labs founder Do Kwon in a 2021 photo. (Terra)
Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show
The SEC cannot regulate digital assets involved in the case because the UST stablecoin is a currency, not a security, lawyers for Kwon have said.
Terraform Labs founder Do Kwon in a 2021 photo. (Terra)

Singapore Police Start Probe Into Do Kwon’s Terraform Labs: Bloomberg
Singapore Police Start Probe Into Do Kwon’s Terraform Labs: Bloomberg
Bloomberg reports that Singapore police said they have commenced an investigation into Terraform Labs, the company behind the failed TerraUSD (UST) stablecoin. This comes afte...
Singapore Police Start Probe Into Do Kwon’s Terraform Labs: Bloomberg

Terraforms Labs co-founder Do Kwon is still on the run.  (Terra, modified by CoinDesk)
Singapore Police Probing Do Kwon's Terraform Labs: Bloomberg
Authorities have confirmed Do Kwon isn't in the city-state.
Terraforms Labs co-founder Do Kwon is still on the run.  (Terra, modified by CoinDesk)

DappRadar: NFT Trading Volumes Hit $2B Last Month
DappRadar: NFT Trading Volumes Hit $2B Last Month
According to Web3 data platform DappRadar’s latest industry report, NFT trading volumes reached $2 billion in February – the highest number since before the meteoric crash of...
DappRadar: NFT Trading Volumes Hit $2B Last Month

What to Expect From CoinDesk's Crypto Crooks Season 2: The Rise and Fall of Do Kwon
What to Expect From CoinDesk's Crypto Crooks Season 2: The Rise and Fall of Do Kwon
The CoinDesk Podcast Network is launching the second season of "Crypto Crooks," following the story of Terraform Labs co-founder Do Kwon. CoinDesk Chief Insights Columnist and...
What to Expect From CoinDesk's Crypto Crooks Season 2: The Rise and Fall of Do Kwon