Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

International Business Times

Business

Marvie Basilan

HISTORICAL FACTS: Collapsed terraform do kwon agree to pay 4 5b to settle sec case | History Defined

Do Kwon Terraform SEC Terra Crypto Terraform Labs United States South Korea

The U.S. and South Korea have been pushing for the extradition of Do Kwon, the founder of bankrupt crypto firm Terraform Labs. (Credit: AFP)

KEY POINTS

Kwon and Terraform will be permanently banned from buying and selling crypto securities
The former crypto darling also has to pay "no less than" $204.3 million under the settlement agreement
Lawyers said the settlement should send a message to the industry that Kwon's "brazen" violations won't be tolerated

Cryptocurrency firm Terraform Labs and its founder Do Kwon have agreed to pay a staggering multi-billion dollar fine to settle a fraud case filed by the U.S. Securities and Exchange Commission (SEC) in relation to wipeout of billions from the crypto market when the Terra-Luna stablecoin empire collapsed in 2022.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

US Coast Guard rescues at least 16 and is searching for more in the water off Mexico's Baja Coast

US Coast Guard rescues at least 16 and is searching for more in the water off Mexico's Baja Coast

The U.S. Coast Guard says it has rescued at least 16 people floating in the Pacific Ocean and is searching for others following a vessel in distress call off Mexico’s Baja California coast

The Independent UK

The Latest: 16-year-old kills 3 children and a teacher at Oregon elementary school

The Latest: 16-year-old kills 3 children and a teacher at Oregon elementary school

A 16-year-old opened fire at an elementary school in Bend, Oregon, killing three children and a teacher before he was shot by a person at the scene who pursued him into the school

The Independent UK

Brazil’s Lula says he now backs lowering age of criminal responsibility to 16

Brazil’s Lula says he now backs lowering age of criminal responsibility to 16

Lula reverses position on age of responsibility for ‘heinous’ crimes in what many see as a desperate electoral gambit

The Guardian - US

Trump urges new press secretary to ‘reconsider’ taking job: ‘Is this for you, Katie?’

Trump urges new press secretary to ‘reconsider’ taking job: ‘Is this for you, Katie?’

Katie Zacharia had a rough start as she fumbled first press conference and faced questions from media about her professional background

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Police search for clues to deadly shooting at Oregon elementary school

Police search for clues to deadly shooting at Oregon elementary school

Schools closed after one teacher and three children killed, and child and teacher hospitalized with critical injuries

The Guardian - US

Power plant attacks reflect Russian blueprint to make Ukrainian cities unlivable

Power plant attacks reflect Russian blueprint to make Ukrainian cities unlivable

Kremlin turning to punishment of Ukraine’s population in major cities as frontlines remain frozen

The Guardian - UK

Related Stories

Top stories on inkl right now

US Coast Guard rescues at least 16 and is searching for more in the water off Mexico's Baja Coast

US Coast Guard rescues at least 16 and is searching for more in the water off Mexico's Baja Coast

The U.S. Coast Guard says it has rescued at least 16 people floating in the Pacific Ocean and is searching for others following a vessel in distress call off Mexico’s Baja California coast

The Independent UK

The Latest: 16-year-old kills 3 children and a teacher at Oregon elementary school

The Latest: 16-year-old kills 3 children and a teacher at Oregon elementary school

A 16-year-old opened fire at an elementary school in Bend, Oregon, killing three children and a teacher before he was shot by a person at the scene who pursued him into the school

The Independent UK

Brazil’s Lula says he now backs lowering age of criminal responsibility to 16

Brazil’s Lula says he now backs lowering age of criminal responsibility to 16

Lula reverses position on age of responsibility for ‘heinous’ crimes in what many see as a desperate electoral gambit

The Guardian - US

Trump urges new press secretary to ‘reconsider’ taking job: ‘Is this for you, Katie?’

Trump urges new press secretary to ‘reconsider’ taking job: ‘Is this for you, Katie?’

Katie Zacharia had a rough start as she fumbled first press conference and faced questions from media about her professional background

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Police search for clues to deadly shooting at Oregon elementary school

Police search for clues to deadly shooting at Oregon elementary school

Schools closed after one teacher and three children killed, and child and teacher hospitalized with critical injuries

The Guardian - US

Power plant attacks reflect Russian blueprint to make Ukrainian cities unlivable

Power plant attacks reflect Russian blueprint to make Ukrainian cities unlivable

Kremlin turning to punishment of Ukraine’s population in major cities as frontlines remain frozen

The Guardian - UK

Our Picks

Demi Lovato's Battle With Her Eating Disorder Is a Lifelong Struggle and She Confesses Not 'Fully Healed'

Demi Lovato has spoken about her ongoing eating disorder recovery, saying complete healing feels unrealistic while cooking and body acceptance have helped her manage the condition.

International Business Times UK

Ben Affleck’s “Problematic” History With Women Resurfaces After Actor’s Surprising Bedroom Confession

"I always found that man sketchy," one person said after Ben Affleck's podcast remark led to renewed scrutiny of his past controversies.

Anna Faris responds to Chuck Lorre’s comments about her ‘mysterious’ TV show exit

Chuck Lorre, showrunner of Anna Faris’s sitcom ‘Mom’, made comments about the actor after she left show

The Independent UK

Steven Greer Says Ancient UFO Sphere May Be Detecting Something Dangerous Happening to Earth

UFO researcher Steven Greer has suggested that Colombia's mysterious Buga Sphere could be an ancient device detecting geophysical danger, but its origins and alleged abilities remain unverified.

International Business Times UK

Kendall Jenner Says 'Men Suck' and Makes Unexpected Admission About Women Amid Jacob Elordi Dating Reports

Kendall Jenner discussed her openness to intimacy with a woman and said "men suck" during a conversation with Cara Delevingne filmed before reports linked Jenner romantically to Jacob Elordi

International Business Times UK

Hilary Swank’s Baby Bump At 52 Gives People Anne Hathaway Flashbacks As They Rehash Conspiracy Theory

After the 52-year-old Oscar winner announced she was expecting her third child on Wednesday, October 14, some netizens zeroed in on her newly revealed baby bump.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play