Securities and Exchange Commission v. Terraform Labs Pte Ltd. et al

  1. January 30, 2024

    Terraform Will Use Ch. 11 To Craft Appeal Of SEC Crypto Case

    An executive for crypto company Terraform Labs told the Delaware bankruptcy court Tuesday it has sought Chapter 11 protection mainly to delay a potentially existential U.S. Securities and Exchange Commission penalty tied to the implosion of its algorithmic stablecoin, the collapse of which in 2022 provoked a widespread crash in cryptocurrency markets.

  2. January 16, 2024

    Terraform Trial Pushed To March Amid Founder's Extradition

    A New York federal judge on Tuesday pushed the U.S. Securities and Exchange Commission's fraud trial against Terraform Labs and its founder, Do Kwon, to March to give Kwon a better chance of attending the trial as he awaits extradition from Montenegro, where he's being held on criminal fraud charges.

  3. January 04, 2024

    SEC Invokes Terraform Win In Binance, Coinbase Cases

    The U.S. Securities and Exchange Commission on Thursday argued that a recent favorable ruling in its enforcement case against crypto project Terraform Labs bolsters its claims that crypto exchanges Binance and Coinbase ran afoul of securities laws.

  4. January 01, 2024

    Crypto White Collar Cases To Watch In 2024

    The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.

  5. December 05, 2023

    SEC, Terraform Clash Over Jury's Role At Upcoming Trial

    The U.S. Securities and Exchange Commission and Terraform Labs are sparring over whether a jury can determine if Terraform's tokens are securities as the parties await the court's decision on competing motions for summary judgment.

  6. November 03, 2023

    SEC And Terraform Joust For Win In Stablecoin Collapse Suit

    The U.S. Securities and Exchange Commission and crypto developer Terraform Labs are both seeking early wins in the regulator's enforcement case, according to filings made public this week that duel over whether the crypto tokens at issue are securities.

  7. July 31, 2023

    Judge Won't Toss SEC's Terraform Suit, Rejects Ripple Ruling

    A New York federal judge on Monday denied a bid from crypto issuer Terraform Labs and its founder to toss the U.S. Securities and Exchange Commission's case against them in an order that disagreed with the recent high-profile decision in another SEC case against crypto firm Ripple Labs.

  8. May 15, 2023

    SEC Hints At Terraform's 'Confidential' Jump Trading Pact

    New filings from the U.S. Securities and Exchange Commission indicate that high-speed trading firm Jump Trading entered into a secret agreement to prop up the stable-value tokens issued by now-disgraced developer Terraform Labs roughly a year before the project's catastrophic collapse.

  9. February 16, 2023

    SEC Sues Terraform, CEO Do Kwon Over Stablecoin Collapse

    Crypto network Terraform Labs and its creator and CEO Do Kwon are facing fraud claims from the U.S. Securities and Exchange Commission over the collapse of its algorithmic stablecoin, which caused widespread turmoil in the crypto markets and led to multiple high-profile bankruptcies.