1. Home
  2. Do Kwon

Do Kwon

Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury

Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by JuryOn 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 (SEC). The lawsuit spanned approximately two weeks. The trial culminated in the jury’s decision in a federal courtroom subsequent to […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision

Do Kwon Out of Jail, Under House Arrest Pending Extradition DecisionMultiple 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 United States. Terraform Labs’ Former CEO Do Kwon Freed According to various sources, Do Kwon has […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Montenegrin Supreme Court Postpones Terra Founder Do Kwon’s South Korean Extradition

Montenegrin Supreme Court Postpones Terra Founder Do Kwon’s South Korean Extradition

The Supreme Court of Montenegro is postponing the extradition of disgraced Terra (LUNA) founder Do Kwon to South Korea. According to a new memo, the Supreme Court of Montenegro is overturning a previous ruling that greenlit the extradition process to send Kwon back to his homeland of South Korea where he is wanted for alleged […]

The post Montenegrin Supreme Court Postpones Terra Founder Do Kwon’s South Korean Extradition appeared first on The Daily Hodl.

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

US Continues Efforts to Extradite Terra Founder Do Kwon

US Continues Efforts to Extradite Terra Founder Do KwonDespite 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 agreements and Montenegrin law,” the Justice Department told Bloomberg, highlighting the ongoing legal tussle over the Terra founder amidst charges linked to […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

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

High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South KoreaIn 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 extradition to the United States, marking a pivotal moment in the ongoing legal battle surrounding the […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations

Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations

An appellate court in Montenegro overturns an earlier ruling that approved the extradition of disgraced Terraform Labs founder Do Kwon to the United States. Kwon is facing criminal charges arising from the collapse of the stablecoin TerraUSD and cryptocurrency Luna that wiped out $40 billion worth of investor funds in 2022. In March last year, […]

The post Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations appeared first on The Daily Hodl.

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Do Kwon Will Be Extradited to United States Following Montenegro Court Ruling: Report

Do Kwon Will Be Extradited to United States Following Montenegro Court Ruling: Report

Do Kwon, former crypto billionaire and founder of the Terra (LUNA) ecosystem, will be sent to the United States to face fraud charges. In 2022, Terra’s UST stablecoin and its associated altcoin LUNA went to virtually zero after its pegging mechanism didn’t work as intended, wiping out roughly $40 billion in value within days. Kwon […]

The post Do Kwon Will Be Extradited to United States Following Montenegro Court Ruling: Report appeared first on The Daily Hodl.

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Montenegro’s Appellate Court Revokes Terra (LUNA) Founder Do Kwon’s Extradition to the US, Orders a Retrial

Montenegro’s Appellate Court Revokes Terra (LUNA) Founder Do Kwon’s Extradition to the US, Orders a Retrial

An appellate court in Montenegro is revoking the extradition of disgraced Terra (LUNA) founder Do Kwon to the US and has ordered a retrial. According to a new press release, an appeals court yesterday overturned the decision of the high court made late last year, which ruled that Kwon is to be extradited to both […]

The post Montenegro’s Appellate Court Revokes Terra (LUNA) Founder Do Kwon’s Extradition to the US, Orders a Retrial appeared first on The Daily Hodl.

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Crypto Company Terraform Labs Files for Chapter 11 Bankruptcy Protection

Crypto Company Terraform Labs Files for Chapter 11 Bankruptcy Protection

Collapsed crypto company Terraform Labs has filed for Chapter 11 bankruptcy in the United States. The firm submitted a voluntary petition to the U.S. Bankruptcy Court for the District of Delaware. The document, which was filed on Sunday, indicates Terraform Labs has between 100-199 creditors, owns between $100,000,001-$500 million in estimated assets, and owes between […]

The post Crypto Company Terraform Labs Files for Chapter 11 Bankruptcy Protection appeared first on The Daily Hodl.

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors