Terraform Labs PTE, Ltd.

Rule Changes

As of May 2026: Bankrupt; found liable for securities fraud; winding down under bankruptcy and SEC settlement.

Do Kwon sold TerraUSD as math-made money that could never break. In 2022 it snapped, vaporizing more than $40 billion and triggering a global hunt for the Stanford‑trained founder. Three years, an Interpol red notice, and a Montenegro arrest later, a New York judge has now handed him 15 years in federal prison.

Updated May 11