1 / 6 Relevant items tagged with #DoKwon

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SEC crypto enforcement hits $4.7B this year, rising 3,000% from 2023

[Sep 10 4:19 AM] The SEC is having a record crypto enforcement year, bolstered by a $4.47 billion settlement with Terraform Labs and its former CEO, Do Kwon.

Terraform wallet moves $62M BTC as Do Kwon remains in legal limbo

[Sep 3 4:33 PM] Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 BTC.

Terraform Labs bankruptcy reorganization hearing set for September

[Aug 21 10:10 AM]  The court’s decision will determine if the company can restructure or must liquidate.

3AC liquidators file $1.3B claim against Terraform Labs

[Aug 13 10:22 AM] 3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem.

Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg

[Aug 13 7:06 AM] Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.

Montenegrin court delays Do Kwon’s extradition to South Korea

[Aug 8 4:22 PM] The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States.

Do Kwon’s Extradition from Montenegro Postponed Yet Again

[Aug 8 3:08 PM] Do Kwon’s extradition from Montenegro has been delayed yet again.

Montenegrin Court Upholds Extradition of Terraform Labs Co-Founder Do Kwon to South Korea

[Aug 2 12:20 PM] In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a…

Montenegro Appellate Court upholds Do Kwon extradition to South Korea

[Aug 1 5:36 PM] Since 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin courts.

Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request

[Aug 1 4:08 PM] Terraform Labs co-founder and fraudster Do Kwon is once again set to be extradited from Montenegro to his native South Korea, after a ruling from the Balkan nation’s court of appeals Thursday.

Terraform Labs to sell 4 companies as part of wind-down

[Jul 10 11:14 PM] The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.

Montenegro Prime Minister Listed Among Top Terraform Labs Investors in SEC Filing

[Jun 21 7:22 PM] Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform…

US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terraform Labs

[Jun 20 10:00 PM] A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice…

Montenegrin PM among early investors in Do Kwon’s Terraform Labs: Report

[Jun 19 2:46 AM] Prime Minister Spajic was among the early investors who invested in Terraform Labs just days before it was registered in Singapore on April 23, 2018.

US judge approves Terraform’s $4.5B settlement with SEC

[Jun 13 4:34 PM] A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC.

U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC

[Jun 13 3:33 PM] The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties.

Terraform Labs ends operations, Terra community takes over

[Jun 13 7:25 AM] Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community.

Terraform Labs, Do Kwon Agree to Pay SEC a Combined $4.5B in Civil Fraud Case

[Jun 12 12:10 PM]

BREAKING: Terraform to pay $4.47B to resolve SEC civil lawsuit

[Jun 12 11:35 AM] The settlement would resolve a civil lawsuit filed by the Securities and Exchange Commission following Terraform’s collapse in 2022.

Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC

[May 30 10:43 AM] Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of…

Terraform, Do Kwon to reach fraud settlement with SEC

[May 30 10:18 AM] Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June.

Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing

[May 30 10:04 AM] Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.

Do Kwon’s extradition to go back to Montenegro High Court after appeal

[May 24 10:18 AM] Since his arrest in March 2023, Do Kwon has been in Montenegro. He could be extradited to either his native South Korea or the United States to face fraud charges.

Montenegro Court Blocks Do Kwon’s Extradition to South Korea

[May 24 9:55 AM] A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and…

Montenegrin Justice Minister discussed Do Kwon’s case with SEC

[May 23 10:25 AM] The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. and South Korea.

US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

[Apr 30 3:33 PM] The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.

SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs

[Apr 24 11:38 PM] The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and…

Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms

[Apr 24 2:24 PM] Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.

Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation

[Apr 24 1:34 PM] The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months.

Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court

[Apr 23 11:48 AM] The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022.