Latest News and Articles about Algorithmic Stablecoins

Do Kwon Pleads Guilty in $40B TerraUSD Fraud: Crypto’s Darkest Chapter Unfolds

13 August 2025 Daily Feed Algorithmic Stablecoins, Do Kwon, Terraform Labs, TerraUSD

Do Kwon’s Guilty Plea: $40 Billion TerraUSD Fraud Shakes Crypto to Its Core Do Kwon, the once-lauded mastermind behind Terraform Labs, has pleaded guilty to fraud charges in a New York courtroom, owning up to his role in the staggering $40 billion collapse of TerraUSD and Luna (now Luna Classic) in 2022. This seismic event, […]

Jump Crypto Unit Settles $123M with SEC Over TerraUSD Collapse, Faces Regulation Challenges

22 December 2024 Daily Feed Algorithmic Stablecoins, Jump Crypto, SEC Settlement, TerraUSD Collapse

Jump Crypto Subsidiary Faces $123M SEC Settlement Over TerraUSD Debacle In a significant development, Jump Crypto’s subsidiary, Tai Mo Shan, has settled with the U.S. Securities and Exchange Commission (SEC) for $123 million. This settlement stems from accusations of misleading investors about the stability of the TerraUSD (UST) algorithmic stablecoin. Tai Mo Shan agreed to […]