News with the tag "do kwon news"

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...

Do Kwon, the South Korean cryptocurrency entrepreneur and co-founder of Terraform Labs, pleaded not guilty on Thursday to a series of criminal fraud charges in a Manhattan federal court. This comes just days after his extradition from Montenegro, where he had been detained for over a year. His case ...

In a developing story surrounding Do Kwon, the co-founder of the collapsed Terraform Labs blockchain, new investigative reports suggest he may have conducted cryptocurrency transactions while in custody in Montenegro. This revelation follows a lengthy period during which authorities reportedly took ...

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...

A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation. The founder o...

In a startling development that has sent shockwaves through both the political and crypto sectors, a court document has brought to light Montenegrin Prime Minister Milojko Spajić’s early investment in Terraform Labs. This revelation comes on the heels of Terraform Labs’ recent settlement with the US...

Terraform Labs (TFL), the blockchain company at the center of a protracted legal battle with the US Securities and Exchange Commission (SEC), has decided to dissolve its operations following a landmark settlement agreement. The settlement, amounting to a staggering $4.47 billion, ended over a year o...

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...