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

[Mar 7, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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…

Terraform Labs Declares Bankruptcy in Delaware

[Jan 21, 2024 10:20 PM] Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore.

Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says

[Jan 15, 2024 6:06 AM] Local courts may be facing political pressure regarding Kwon's extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk.

Terra’s Do Kwon Seeks Trial Delay, Citing Extradition Holdup

[Jan 13, 2024 5:30 PM] Terraform Labs co-founder Do Kwon has requested that the judge in his fraud case delay the trial date, currently set for Jan. 29, 2024, because Kwon is still tied up in extradition proceedings in Montenegro. Terra’s Do Kwon Requests Trial…

Do Kwon Tries to Delay SEC’s Terraform Trial so He Can Attend

[Jan 11, 2024 11:26 PM] The former CEO of Terra is being held in Montenegro after being caught in Podgorica's airport with falsified documents.

Judge Grants Summary Judgment for SEC in Landmark Crypto Case Against Terraform Labs

[Dec 29, 2023 8:30 AM] In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon. Rakoff noted that the Howey test criteria were…

Montenegro Appeals Court Overturns Extradition of Terraform Labs Co-Founder Do Kwon 

[Dec 19, 2023 8:30 AM] On Tuesday, Montenegro’s appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in…

Do Kwon Successfully Appeals Extradition Decision by Montenegro Court

[Dec 19, 2023 6:04 AM] A previous decision that legal requirements for extradition had been met was rejected by the country's Appeals Court.

Report: Montenegro High Court Extends Do Kwon’s Detention by 2 Months

[Dec 14, 2023 6:30 AM] Do Kwon, the ex-CEO of Terraform Labs, is set to spend two months in Montenegro custody after the country’s High Court moved his release date to Feb. 15, 2024. While Do Kwon reportedly prefers being sent to South Korea, Montenegro’s…

Terra co-founder Do Kwon will stay in Montenegro until February: Report

[Dec 12, 2023 11:32 AM] The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after serving a prison sentence in Montenegro for using falsified travel documents.

Report: Terraform Labs Co-Founder Do Kwon to Be Extradited to the US

[Dec 7, 2023 4:00 PM] Terraform Labs’ co-founder, Do Kwon, is on the brink of extradition to the United States from Montenegro. This development follows a decisive ruling by a high court and the endorsement from a top official. According to The Wall Street…

Do Kwon Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ

[Dec 7, 2023 11:33 AM] The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.

Montenegrin official plans to extradite Do Kwon to the United States: Report

[Dec 7, 2023 10:12 AM] The Terraform Labs co-founder had been awaiting extradition to either the United States or South Korea after being arrested and charged in Montenegro.

Terraform’s Do Kwon mounts last ditch effort to avoid extradition: Report

[Dec 6, 2023 6:40 PM] Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro.

Do Kwon: What Happened To The Terra Luna Founder?

[Dec 2, 2023 12:45 PM] Few names have sparked as much intrigue and controversy as Do Kwon (sometimes called Kwon Do). From the meteoric rise of Terra Luna to its sudden and tumultuous downfall, Do Kwon has become a figure of significant interest and speculation. In this…

Terraform Labs, Do Kwon Fail to Have Singapore Class-Action Suit Rejected: Report

[Dec 1, 2023 4:56 AM] The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.

Terra's USTC Gains 300% as Bitcoin-Focused Comeback Plan, Binance Perpetuals Listing Fuel Speculative Frenzy

[Nov 29, 2023 10:05 AM] TerraClassicUSD (USTC), the remnant stablecoin of the failed Terra blockchain, gained 300% in a week as plans of a bitcoin-backed revamp plan and a Binance perpetual contract listing unleashed a speculative frenzy.

Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea

[Nov 24, 2023 8:30 AM] In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from…

Do Kwon’s Extradition Approved by Montenegro Court

[Nov 24, 2023 3:10 AM] Minister will decide if Kwon will be extradited to the U.S. or South Korea.

Do Kwon's Appeal in Fake Passport Case Denied by Montenegro High Court

[Nov 16, 2023 4:40 AM] The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.

Under New Leadership, Terraform Labs Acquires Cross-Chain Analytics Firm Pulsar Finance

[Nov 13, 2023 3:30 PM] In a recent development, Terraform Labs has completed the acquisition of Pulsar Finance, a firm specializing in cross-chain analytics and portfolio management. The acquisition occurs as Terraform’s former CEO Do Kwon remains incarcerated in…

SEC Clashes With Do Kwon and Terraform Labs in Court, Alleging ‘Clear, Undisputed’ Fraud

[Nov 5, 2023 11:30 PM] Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its…

SEC Asks Court for Summary Judgement Against Do Kwon, Terraform

[Nov 2, 2023 10:31 PM] The request follows a move by Kwon's defense team to do the same.