News with the tag "do kwon sec"

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...

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...

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...

South Korean authorities requested Interpol’s assistance in bringing back the Terraform Labs co-founder on Thursday, local media reported.

Terra co-founder Do Kwon will likely miss the start of the SEC trial on fraud charges amidst the delay in his extradition, Reuters reported.

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