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

[Jun 19, 2024 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, 2024 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, 2024 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, 2024 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, 2024 12:10 PM]

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

[Jun 12, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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.