Tag: TERRAFORM

Wanted crypto boss Do Kwon’s Terraform files for US bankruptcy

SINGAPORE, Jan 22, 2024 (AFP) – South Korean entrepreneur Do Kwon’s Terraform Labs, whose cryptocurrencies crashed dramatically in 2022, is seeking bankruptcy protection in the United States, according to court documents filed Sunday. The collapse of the Singapore-based firm’s TerraUSD and Luna wiped out around $40 billion in investments and caused wider losses in the global crypto market estimated at more than $400 billion. Kwon, who co-founded Terraform in 2018, was arrested last year in […]