2 / 6 Relevant items tagged with #DoKwon

Posts

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.

South Korea’s April 10 Election: What’s at Stake for the Crypto Universe

[Apr 9 12:10 AM] On April 10, 2024, South Korea is heading into its legislative polls which will see multiple parties and coalitions battle it out for 300 seats in the national assembly and political analysts say it will be difficult for either party to get a…

Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury

[Apr 5 2:33 PM] On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission…

New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

[Apr 5 1:43 PM] The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.

Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

[Apr 5 12:51 PM] NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly…

Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset

[Apr 5 10:22 AM] In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a…

Why Is The Price Of LUNC And USTC Up Today?

[Mar 25 7:00 AM] The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the…

Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision

[Mar 24 11:30 AM] Multiple sources have reported that Do Kwon, the ex-chief executive officer of Terraform Labs, was set free from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the…

Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court

[Mar 22 8:42 AM] Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea.

Do Kwon’s South Korea Extradition Uncertain After Challenge from Top Prosecutor

[Mar 21 3:54 PM] Terraform Labs co-founder Do Kwon’s pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday by Montenegro’s top prosecutor.

Do Kwon Appeal of South Korea Extradition Rejected by Montenegro Court

[Mar 20 8:33 AM] The U.S. is also seeking Kwon's extradition despite the Montenegrin court's decision to send him to South Korea.

Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters

[Mar 13 4:31 AM] A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.

US Continues Efforts to Extradite Terra Founder Do Kwon

[Mar 8 7:28 AM] Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral…

U.S. Will Appeal Do Kwon's Extradition to South Korea: Report

[Mar 8 12:43 AM] The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.

High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea

[Mar 7 12:30 PM] In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his…

Do Kwon to Be Extradited to South Korea After March 23, Lawyer Says

[Mar 7 8:52 AM] Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.

Terra’s Do Kwon Wins Extradition Appeal in Montenegro as Case Heads for Retrial

[Mar 5 6:52 AM] Kwon is facing fraud charges in the U.S. around his role in Terra's collapse.

SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters

[Feb 29 2:01 AM] The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters.

Legal Twist Keeps Terraform Labs’ Co-Founder Do Kwon in Montenegro, Appeals Court Questions Extradition Grounds

[Feb 8 9:43 AM] Following the Montenegro Appeals Court’s decision to reject the extradition requests for Terraform Labs co-founder Do Kwon, the panel from the Appeals Court has nullified the latest decision by Podgorica’s High Court to extradite Kwon…

Do Kwon Wins Second Chance to Appeal Extradition From Montenegro

[Feb 8 7:30 AM] The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.

Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro

[Feb 5 6:11 AM] Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.

Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit

[Jan 22 10:30 AM] Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to…