Terraform Labs’ Legal Team Quits After UST Crash – Another Blow To Kwon

Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money. The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team.According to their LinkedIn profiles, Terraform Labs general counsel Marc Goldich, chief litigation and regulatory counsel Noah Axler, and chief corporate counsel Lawrence Florio have all stopped working for the blockchain firm as of May 2022.....

Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA Fallout Terraform Labs founder Do Kwon reportedly closed down his company in Korea days before the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). According to South Korea’s supreme court registry office, Terraform Labs Korea decided to dissolve its Busan headquarters and Seoul branch at the general shareholders....

Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow the project’s fallout last week as the blockchain’s native crypto assets dropped significantly in value. Linkedin Profiles Show 3 Legal Counsel Members Ended Their Relationship With Terraform Labs in May 2022 The crypto community is once again throwing the spotlight on the Terra blockchain fiasco,....

After receiving a 15-year sentence last week, Terraform Labs’ co-founder and former CEO, Do Kwon, could face another major sentence in a potential second trial if extradited to his home country, South Korea. Related Reading: Ex-Terra Insider Calls Do Kwon Case ‘Backwards’ In Explosive X Thread Terra’s Do Kwon May Face Second Trial On Monday, […]

In a startling development that has sent shockwaves through both the political and crypto sectors, a court document has brought to light Montenegrin Prime Minister Milojko Spajić’s early investment in Terraform Labs. This revelation comes on the heels of Terraform Labs’ recent settlement with the US Securities and Exchange Commission (SEC), pertaining to a $40 […]