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 SEC has filed a motion seeking […]
According to a Friday report by Bloomberg, a United States jury found Terraform Labs and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022. This development comes as Do Kwon continues to battle criminal cases in the US and South Korea over the sudden collapse of the […]
Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the borders of the European nation pending a fixed date for his extradition to his home country. Do Kwon Serves Time In Montenegro, Awaits Extradition Decision In March 2023, Do Kwon, alongside […]
Over the past few days, events in the case of the extradition of Terraform Labs founder Do Kwon have moved into overdrive. Following a ruling by the Supreme Court of Montenegro favoring his extradition to South Korea, the United States is continuing to press on with its efforts to secure Kwon’s extradition. Battle Over Extradition […]
South Korea has intensified its actions to extradite Do Kwon, the CEO of Terraform Labs, back to its jurisdiction, as local South Korean media reports. This comes in the wake of a significant legal development in Montenegro where Do Kwon successfully appealed against his extradition to the United States, thereby redirecting the focus towards South […]
On Tuesday, March 5, the Appellate Court of Montenegro has overruled the decision of the High Court of Podgorica, which had approved the extradition of Terraform Labs co-founder Do Kwon to the United States for criminal prosecution. The decision, dated March 5, 2024, nullifies the prior approval dated February 20, 2024, and mandates a retrial […]
Extradition Denied: Do Kwon Escapes US Jurisdiction As Montenegro Decision Announced | Bitcoinist.com
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In a significant turn of events, Do Kwon, the founder of Terraform Labs, has once again evaded extradition to the United States as the Montenegro government reversed its decision. The US Securities and Exchange Commission (SEC) had been pushing for charges against Kwon, with March 25th being the deadline for the Montenegro government to take […]
Extradition Battle Win For Do Kwon: Montenegro Court Decision Reversed, LUNC Jumps 13% | Bitcoinist.com
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In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The Podgorica-based Appeals Court made the decision, which cited procedural irregularities and lack of clarity in its ruling. The court’s decision came in response to an […]
Do Kwon’s Detention Prolonged Until 2024 As Montenegro Responds To Extradition Requests | Bitcoinist.com
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According to an International Business Times report, Montenegro’s Supreme Court decided to extend the detention of TerraForm Labs founder and CEO Do Kwon until February 2024, following extradition requests from the United States and South Korea. Closed-Door Discussions Reveal Montenegro’s Plan For Do Kwon Initially set to be extradited to the US on December 15, […]
The Do Kwon, founder of failed crypto ecosystem Terra, saga is just getting started as a court in Montenegro recently approved his extradition. The founder could face justice in his home country and the courts of the United States. Multi-Country Legal Battle: Montenegro To Surrender Do Kwon? The High Court in Podgorica, Montenegro, has confirmed […]
Per a report from crypto news outlet CoinDesk, the founder of the failed ecosystem Terra (LUNC, formerly known as LUNA), Do Kwon, was denied an appeal on its 4-month sentence. The Montenegro High Court issued a statement upholding its decision over the charges brought up for falsifying an identity document by Kwon. Do Kwon Faces […]
In the ongoing legal battle between the US SEC and Terraform Labs, the regulator has declared its decision to deny the latter’s motion for the dismissal of the lawsuit. SEC Denies Terra Form’s Dismissal Request The US Securities and Exchange Commission (SEC) has continuously denied TerraformLabs and its Co-founder Do Kwon Do’s motion to dismiss […]