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Terraform Labs co-founder Do Kwon will face securities fraud charges in the US

Terraforms Labs CEO Do Kwon spent the last day of 2024 getting extradited to the US, Reuters reports. Kwon faces charges in the US for "orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities." The Terraforms co-founder has been held in Montenegro since March 2023, when he tried to board a flight with a forged passport — six months after Interpol put out a "red notice" warrant for his arrest.<br /> South Korean-based Terraforms Labs wiped out $40 billion from the crypto market when its TerraUSD and Luna stable coins turned out to not be so stable and collapsed in May 2022. Kwon had already fled South Korea the month before.<br /> The US announced its charges in February 2023, [...]

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Terraform Labs founder Do Kwon pleads guilty to fraud over $40 billion crypto collapse

Terraform co-founder Do Kwon has pleaded guilty to two US chargers of fraud after his actions wiped out $40 billion worth of crypto investments, The Guardian reported. Kwon's story is a wild one [...]

Match Score: 438.90

Destination
Former MoviePass head pleads guilty to securities fraud

“A Florida man pleaded guilty today,” began a Department of Justice press release published on Tuesday. In this case, the ever-infamous Florida Man is none other than Ted Farnsworth, the former CE [...]

Match Score: 134.00

Destination
SEC says meme coins are not subject to federal securities laws

Meme coins are not securities and, hence, aren't subject to federal laws regulating the financial instruments, according to the Securities and Exchange Commission. The agency has issued its offic [...]

Match Score: 127.43

Destination
The SEC is dropping an investigation into Robinhood

In another sign that the Trump administration will be friendlier toward the cryptocurrency industry, the Securities and Exchange Commission is dropping an investigation into Robinhood. The agency has [...]

Match Score: 102.01

Destination
Nikola founder Trevor Milton receives a full pardon from President Trump

Trevor Milton, the founder of electric truck company Nikola, has received a full and unconditional pardon from President Donald Trump. A jury found Milton guilty of one count of securities fraud and t [...]

Match Score: 89.99

venturebeat
Listen Labs raises $69M after viral billboard hiring stunt to scale AI customer interviews

Alfred Wahlforss was running out of options. His startup, Listen Labs, needed to hire over 100 engineers, but competing against Mark Zuckerberg's $100 million offers seemed impossible. So he spen [...]

Match Score: 77.73

Destination
Binance founder Changpeng Zhao lands a Trump pardon

President Donald Trump has pardoned Binance founder Changpeng Zhao, the White House said. Zhao pleaded guilty to federal money laundering charges in 2023 and he was sentenced last year to four months [...]

Match Score: 72.00

Destination
Crypto Magnate Do Kwon Sentenced to 15 Years in Prison

The founder of Terraform Labs was sentenced today for lying about ‘experimental’ coins that blew a $40 billion hole in the crypto economy. [...]

Match Score: 68.11

venturebeat
Endor Labs launches free tool AURI after study finds only 10% of AI-generated code is secure

Endor Labs, the application security startup backed by more than $208 million in venture funding, today launched AURI, a platform that embeds real-time security intelligence directly into the AI codin [...]

Match Score: 64.72