2 entries tagged “securities-fraud”.
The algorithmic stablecoin TerraUSD (UST) lost its dollar peg in May 2022 and, with its sister token LUNA, collapsed. The SEC and DOJ cited about $40 billion in investor losses; co-founder Do Kwon was sentenced to 15 years.
Co-founder of Terraform Labs, which created the TerraUSD (UST) stablecoin and LUNA. Pleaded guilty to U.S. fraud charges and was sentenced in December 2025 to 15 years in prison.
