3 entries tagged “terra”.
A Singapore-based crypto lender that froze withdrawals in August 2022 amid the Terra collapse, having funneled ~$317M of user funds into Terra's Anchor Protocol and lost an estimated ~$189.7M. In May 2026, Singapore charged former CEO Zhu Juntao with six counts of fraud.
Co-founder of Terraform Labs (with Do Kwon) and founder of the Chai payments platform. South Korean prosecutors indicted him in 2023 over the Terra/LUNA collapse (fraud, embezzlement, Capital Markets Act violations); he denies wrongdoing and his trial remains ongoing.
Former CEO of the collapsed Singapore crypto lender Hodlnaut. In May 2026 Singapore charged him with six counts of fraud by false representation, alleging he directed false statements that the firm had no TerraUSD exposure. He disputes the charges.
