News list for "terrausd"
On November 27th, according to Bloomberg, Do Kwon, co-founder of Terraform Labs Pte., said he should not be sentenced to more than five years in the United States for his involvement in the 2022 TerraUSD stablecoin crash-related fraud case worth $40 billion. Kwon pleaded guilty to conspiracy and wire fraud charges in August, thus avoiding a trial. He was previously arrested in Montenegro and convicted of using a fake passport as a fugitive charged in South Korea, and was subsequently extradited ...
11月27日消息，据彭博社报道，Terraform Labs Pte. 联合创始人 Do Kwon 表示，他在美国因参与 2022 年价值 400 亿美元的 TerraUSD 稳定币崩盘相关欺诈案，判刑不应超过五年。Kwon 于 8 月对共谋和电信欺诈指控认罪，从而避免了庭审。他此前在黑山被捕，并因作为韩国本国指控的在逃者使用假护照而被定罪，随后被引渡至美国。
The founder of a defunct lending platform has agreed to pay more than $10.50 million to the US Securities and Exchange Commission to settle charges that he misappropriated investors' money to buy the collapsed stablecoin TerraUSD (UST). The SEC said in an order issued Tuesday that the platform, called MyConstant, was founded by Huynh Tran Quang Duy, aka Duy Huynh, who lied to customers that their money would be invested in a cryptocurrency-backed loan-matching service that could earn 10 percent....
一家已倒闭的借贷平台创始人同意向美国SEC支付逾1050万美元，以了结SEC对其挪用投资者资金购买已崩盘的稳定币TerraUSD（UST）的指控。 SEC在周二发布的命令中表示，该平台名为MyConstant，其创始人Huynh Tran Quang Duy（又名Duy Huynh）向客户谎称，他们的资金将投入一个由加密货币支持的贷款撮合服务，可获得10%的收益。 然而，SEC指控称，Huynh实际上...
According to Etoday, South Korea's Supreme Court has ruled that stablecoin TerraUSD and cryptocurrency Luna are not considered financial investment products or securities. The digital assets collapsed in May 2022, losing about $40 billion in value. The latest court decision could affect similar legal disputes in lower courts. In November 2022, a Seoul court rejected a prosecutor's request to seize the assets of Daniel Shin, co-founder of Terraform Labs, the company behind the tokens.
