Terra | ForkLog

ForkLog 84 27.11.2025

Do Kwon Considers Five-Year US Prison Sentence a Fair Punishment

Do Kwon, co-founder of Terraform Labs, has stated that a US court should impose a prison sentence of no more than five years.

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ForkLog 83 13.08.2025

Do Kwon Admits to Fraud Charges

Co-founder of Terraform Labs, Do Kwon, has admitted guilt to criminal charges of fraud and conspiracy, according to Reuters, citing court documents. During the hearing, Kwon apologized for his actions. “I made false and misleading statements. I did not disclose the trading firm’s role in restoring the peg. What I did was wrong,” he said. […]

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ForkLog 37 28.03.2025

Galaxy Digital to Pay $200 Million in LUNA Settlement

Galaxy Digital has agreed to pay $200 million to settle claims by the New York Attorney General’s office (NYAG). The firm was accused of promoting the cryptocurrency LUNA and selling millions of tokens at a profit before its collapse. According to NYAG, since 2020, Galaxy Digital purchased LUNA at a discounted rate while simultaneously promoting […]

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ForkLog 15 28.03.2025

Terraform Labs to Accept Compensation Claims

On March 31, Terraform Labs (TFL), the company behind the collapsed Terra ecosystem, will launch a portal to accept compensation claims from affected users. Terraform Labs Creditors: The Crypto Loss Claims Portal is scheduled to open for submission of Crypto Loss Claims on March 31, 2025. Creditors may file Eligible Crypto Loss Claims at https://t.co/7YQvfQr76x. […]

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ForkLog 58 09.01.2025

Do Kwon, Terra’s founder, to stand trial in January 2026

The trial of Terra founder Do Kwon is scheduled for January 2026. Lawyers cited the need to process a substantial volume of evidence, reports Inner City Press. “The trial will begin on January 26, 2026. I give you one week to request another date, otherwise — ‘the train has left’,” noted Judge Paul Engelmayer. According […]

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ForkLog 9 03.01.2025

Do Kwon appears in US court

On January 2, Manhattan prosecutors unsealed an indictment against Do Kwon. The same day, the Terraform Labs co-founder appeared in court, Inner City Press reported. OK — now in courtroom for US v. Do Kwon presentment after his extradition in from Montenegro for Terraform crypto fraud — Inner City Press will cover the case(s) https://t.co/G3vwN2mZuS […]

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ForkLog 15 31.12.2024

Montenegro Extradites Do Kwon to the United States

On December 31, Montenegro completed the extradition of Terra founder Do Kwon to the United States. This was announced by the country’s Prime Minister, Milojko Spajić. Today Montenegro completed the extradition of Do Kwon to the United States to face charges in the Terra/Luna case.Our nation WELCOMES INNOVATION and legitimate crypto, AI and other tech […]

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ForkLog 12 27.12.2024

Montenegro Approves Do Kwon’s Extradition to the US

Montenegro’s Minister of Justice, Bojan Božović, has approved the extradition of Terra’s founder, Do Kwon, to the United States, according to local publication Vijesti. The authorities evaluated extradition requests from both the US and South Korea based on several criteria, including the severity and location of the crime, the procedure for submitting official documents, and […]

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ForkLog 7 25.12.2024

Montenegro Court Rejects Do Kwon’s Extradition Appeal

On December 25, a Montenegrin court dismissed the appeal by Terra founder Do Kwon to cancel his extradition. The decision to hand over the entrepreneur to authorities in the US or South Korea was delegated to the country’s Minister of Justice, Bojan Božović. The entrepreneur and his colleague, former CFO of Terraform Labs Han Chang-Joon, […]

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ForkLog 20 26.11.2024

Binance to Launch BFUSD Margin Asset with Passive Income Potential

On November 27, Binance will introduce BFUSD—described as a “reward-bearing margin asset in [USDT].” This asset allows users to earn passive income through holding or trading futures based on it. Introducing BFUSD! Our new reward-bearing asset built for Futures users is available now. BFUSD purchase will open on Nov 27, 2am UTC. Try now ? […]

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ForkLog 5 25.11.2024

SEC Collects $8.2 Billion in a Year, Over Half from Terraform Labs Settlement

The SEC secured a record $8.2 billion through enforcement actions, with $4.47 billion stemming from a settlement with Terraform Labs (TFL). The regulator collected $2.1 billion in fines and $6.1 billion in payments to affected investors. Total figures increased by 65.5% compared to the previous year. Data: SEC. The reported data corresponds to the fiscal […]

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ForkLog 15 19.11.2024

Binance Responds to Comparisons Between Upcoming BUFSD and Terra’s UST

The soon-to-be-launched token BUFSD, which promises an annual yield of 19.55%, is not a stablecoin. Representatives from Binance clarified that the asset is a margin product with rewards for futures trading. BFUSD is not yet launched. To be clear, it is not a stablecoin but a reward-bearing margin asset for futures trading. We are glad […]

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