News with the tag "Kwon trial"

The legal troubles of Do Kwon are far from over. A US federal judge has postponed his court hearing, originally set for March 6, after prosecutors uncovered a massive amount of new evidence. With four terabytes of additional data now in play, the case against the Terraform Labs co-founder is becomin...

Do Kwon, the South Korean entrepreneur behind the failed cryptocurrencies TerraUSD and Luna, is set to appear in a Manhattan federal court on Thursday, facing serious criminal fraud charges . This follows his recent extradition from Montenegro, where he had been detained for over a year after attemp...

The Supreme Court of Montenegro has postponed the extradition of Terraform Labs founder Do Kwon to his home country of South Korea, pending a review of the legality of the previous court decisions. This comes after the Supreme State Prosecutor’s Office (VDT) submitted a request to protect legality o...

After a drawn-out legal battle spanning over 16 months, the Montenegrin Court of Appeal has finally ruled that cryptocurrency entrepreneur Do Kwon will be extradited to his home country of South Korea, rejecting a parallel extradition request from the United States. Do Kwon One Step Closer To Facing...

While the extradition of Do Kwon has not yet been decided in Montenegro, the spouse of Terraform Labs founder, Ms. Lee scored a major legal victory against the South Korean state. The court ruled that certain real estate shares and officetel subscription rights, previously seized under the name of M...

Singapore-based Terraform Labs and its founder, Do Kwon, have reached a “tentative settlement” with the US Securities and Exchange Commission (SEC) in a high-profile civil fraud case, as reported by Reuters. SEC Scores Victory The SEC’s lawsuit, initially filed in February 2023, accused Terraform La...

In a significant development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Terraform Labs, a jury has found the blockchain protocol and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022. In response, the S...

Montenegro’s High Court has once again approved the extradition of Do Kwon, a key figure in the cryptocurrency Terra Luna crash, paving the way for a potential transfer to the United States. The decision came after the local Supreme Court overturned the previous decision to extradite Do Kwon to Sout...

Montenegro, caught in the crossfire of extradition battles between the United States and South Korea, has recently witnessed a significant turn of events in the case of disgraced crypto mogul Do Kwon. After a Montenegrin appeal court rejected his extradition to the US, Montenegro’s Supreme Court ove...

The Terraform Labs co-founder has pushed back against the SEC’s request to question him in the United States.