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SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs

SEC Seeks .3 Billion in Final Judgment Against Do Kwon and Terraform LabsThe 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 $545,748,909 in prejudgment interest. SEC Seeks Final Judgment Against Terraform Labs and Do Kwon The […]

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Jury Finds Do Kwon and Terraform Labs Liable for Defrauding Investors in Crypto Asset Securities

Jury Finds Do Kwon and Terraform Labs Liable for Defrauding Investors in Crypto Asset Securities

A federal trial court jury has found collapsed crypto company Terraform Labs and its founder Do Kwon liable in the fraud charges brought by the U.S. Securities and Exchange Commission (SEC) in February last year. According to the SEC, Kwon and his firm offered and sold crypto asset securities and carried out a fraudulent scheme […]

The post Jury Finds Do Kwon and Terraform Labs Liable for Defrauding Investors in Crypto Asset Securities appeared first on The Daily Hodl.

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Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset

Ex-Terraform Labs CEO Do Kwon’s Extradition Case ResetIn 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 confidential meeting and vote resulted in the annulment of earlier judgments made by both the Podgorica Higher Court and the Court […]

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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 […]

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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 […]

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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 […]

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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 […]

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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.

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Terraform’s Do Kwon mounts last ditch effort to avoid extradition: Report

Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro.

Terraform Labs co-founder Do Kwon has launched his final attempt to appeal a Montenegrin court’s decision that could see him extradited from the country. 

In a Dec. 6 report, local state media stated that lawyers for Kwon had officially appealed the Nov. 24 decision from the High Court of Podgorica, which approved that Kwon could be extradited to either the United States or South Korea pending a final decision by the Montenegrin Ministry of Justice.

The Ministry of Justice will now consider the appeal and reexamine the initial extradition order and is currently slated to make a final decision on the matter by Dec. 15.

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Do Kwon and Terraform Labs Seek Summary Judgement in SEC Lawsuit, Citing ‘Severe Deficiencies’ in the Case

Do Kwon and Terraform Labs Seek Summary Judgement in SEC Lawsuit, Citing ‘Severe Deficiencies’ in the Case

Terraform Labs and its co-founder Do Kwon are asking the Southern District of New York court to strike out parts of the complaint filed by the U.S. Securities and Exchange Commission (SEC). The SEC accuses the collapsed stablecoin issuer and its disgraced former CEO of offering and selling crypto assets that qualify as securities. The […]

The post Do Kwon and Terraform Labs Seek Summary Judgement in SEC Lawsuit, Citing ‘Severe Deficiencies’ in the Case appeared first on The Daily Hodl.

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