Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
The money has already been collected from Jump Crypto subsidiary Tai Mo Shan, but the regulator still has to decide who qualifies.
OpenAI pitched GPT-5.6 as a new frontier model family built to challenge Mythos. Crypto traders saw Sol, Terra and Luna and turned a dead collapse-era token into a live bet on attention.
New allegations suggest that the industry’s “stable” $1 promise often relies on secret backroom incentives rather than actual cash reserves.
The charges carry a statutory maximum of 25 years, but prosecutors agreed to recommend no more than 12 years if Kwon accepts responsibility and commits no additional crimes.
The change comes months ahead of the January 26, 2026, trial date initially set for the case.
Terraform Labs sets deadline for UST creditors to file claims, requiring proof of asset ownership and eligible tokens.
A pretrial conference will take place in Mar. 6 and might include a plea deal requirement.
Kwon is under US custody after a lengthy extradition battle.
Montenegrin police transferred Kwon to US authorities at Podgorica International Airport on Dec. 31.
