2 / 5 Relevant items tagged with #TerraFormLabs

Posts

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…

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…

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, 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.

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…

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…

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.

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…

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…

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.

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.

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.

U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes

[Jan 5, 2024 1:00 PM] The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is…

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…

Terraform Labs' LUNA and MIR Tokens are Securities, Judge Rules

[Dec 28, 2023 5:06 PM] A federal judge issued summary judgements siding with the SEC's arguments that Terraform had illegally sold unregistered crypto securities.

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…

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.

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.

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.

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…