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Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy

Terraform Labs Gets Court Approval to Wind Down Operations in BankruptcyTerraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted […]

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Montenegro Court Greenlights Disgraced Terra Founder Do Kwon’s Extradition to South Korea, Turns Down US

Montenegro Court Greenlights Disgraced Terra Founder Do Kwon’s Extradition to South Korea, Turns Down US

An appellate court in Montenegro has upheld the decision of a lower court on the extradition case of Terraform Labs co-founder Do Kwon. Kwon is facing criminal charges in his native South Korea and the US for the $40 billion crash of the TerraUSD stablecoin and its companion token, Luna. Both countries sought Kwon’s extradition […]

The post Montenegro Court Greenlights Disgraced Terra Founder Do Kwon’s Extradition to South Korea, Turns Down US appeared first on The Daily Hodl.

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Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC

Terraform Labs, Do Kwon Reach Preliminary Settlement With SECSingapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic stablecoin. According to a court filing, the settlement terms are currently undisclosed and the alleged […]

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Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in MontenegroTerraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail Request for Do Kwon, Puts Him Under […]

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Embattled Terra (LUNA) Founder Do Kwon Placed Under House Arrest in Montenegro After Posting $435,000 Bail

Embattled Terra (LUNA) Founder Do Kwon Placed Under House Arrest in Montenegro After Posting 5,000 Bail

Troubled Terra (LUNA) founder Do Kwon is being placed under house arrest in Montenegro after posting bail. According to a new document released by Montenegrin authorities, Do Kwon and Han Chang-Joon, Terra’s former chief financial officer, have paid $435,000 each to post bail but will be forced to stay under house arrest until the end […]

The post Embattled Terra (LUNA) Founder Do Kwon Placed Under House Arrest in Montenegro After Posting $435,000 Bail appeared first on The Daily Hodl.

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Prosecutors Seek To Extradite Embattled Terra Founder Do Kwon to South Korea: Report

Prosecutors Seek To Extradite Embattled Terra Founder Do Kwon to South Korea: Report

South Korean authorities are looking to extradite embattled Terra (LUNA) founder Do Kwon months after he was found in the Eastern European nation of Montenegro. According to a new report from The Wall Street Journal, the leading prosecutor in the case says that bringing Kwon back to South Korea would be the best way to […]

The post Prosecutors Seek To Extradite Embattled Terra Founder Do Kwon to South Korea: Report appeared first on The Daily Hodl.

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SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit

SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex LawsuitAccording to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists […]

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Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

Do Kwon’s Terraform Sent  Million to Law Firm Before Collapse, Report UnveilsProsecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean […]

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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

Seoul Takes Control Over 0 Million in Assets of Former Terraform Employees, FounderAuthorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors […]

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South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin

South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel ShinA court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna cryptocurrency before it collapsed. Seoul Court Leaves Terraform Co-Founder at Large Citing […]

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