TerraUSD

In US court, Terraform Labs co-founder Do Kwon says he will plead guilty to charges of conspiracy and wire fraud under an agreement with prosecutors

Terraform Labs Pte. co-founder Do Kwon pleaded guilty to charges in a US fraud prosecution tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.

Tai Mo Shan, part of Jump Trading's crypto unit, agrees to pay $123M to settle SEC's claims it misled investors about the stability of TerraUSD

David Scheer / Bloomberg :

DefiLlama: stablecoins' total market cap has grown 46% in 2024 so far to a record ~$190B, regaining the ground lost after TerraUSD's infamous collapse in 2022

Sidhartha Shukla / Bloomberg :

Filing: Terraform Labs and founder Do Kwon reach a tentative settlement with the US SEC in its case alleging they misled investors before TerraUSD's collapse

Following the collapse of TerraUSD and Luna, South Korea passes the Virtual Asset User Protection law, which defines digital assets, imposes penalties, and more

Hooyeon Kim / Bloomberg :

Tether's USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD's 2022 collapse, even as crypto trading volume stays low

Bloomberg :

Tether's USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD imploded in 2022, even as crypto trading volumes drop

Tether Holdings Ltd.'s stablecoin has recovered all of the roughly $20 billion in market value it lost following the collapse …

SEC court filings: Jump Trading secretly purchased tens of millions of dollars worth of TerraUSD and made ~$1B profit per year before the coin's 2022 collapse

Chicago firm made about $1 billion through dealings with crypto mogul Do Kwon's company, according to the agency

A look at the impact of TerraUSD's collapse and FTX's implosion on the South Korean crypto industry, as the media reports TerraUSD had ~200K local victims

Emily Parker / CoinDesk :

Sources: the US DOJ is investigating the May 2022 collapse of the TerraUSD stablecoin; the SEC filed a suit against Terraform Labs and Do Kwon last month

Alexander Osipovich / Wall Street Journal :