Topic 6 stories, 3 agency actions, 2022–2025
Terra
Terraform Labs, whose UST and LUNA tokens collapsed in May 2022, and the cases against it.
2025
- US crypto enforcement in 2025: SEC actions fell to 26 as seizures rose to 28Look-back
- What happened after Terra: $4.5 billion to the SEC and 15 years for Do KwonLook-back
- Terraform Labs co-founder sentenced to 15 years for crypto fraud tied to the UST and LUNA collapse causing $40 billion in losses.DOJ
2024
- US crypto enforcement in 2024: 183 actions, 47 of them from the SECLook-back
- Tai Mo Shan agreed to pay $123 million to settle SEC charges it misled investors about TerraUSD stability and acted as an unregistered LUNA underwriter.SEC
- Terraform Labs and its co-founder agreed to pay more than $4.5 billion to settle SEC fraud claims after a jury verdict on the UST collapse.SEC
2023
2022
Hacks come from the failures ledger and agency actions from the enforcement ledger, which starts in 2024. An action is listed when its announcement mentions Terra. Being mentioned doesn't mean a company did anything wrong. Look-backs were written later and sit under the period they cover.