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 […]
In a recent court filing, bankrupt cryptocurrency firm Terraform Labs has strongly criticized the US Securities and Exchange Commission (SEC) for its objection to a $166 million retainer paid to law firm Dentons. The firm argues that the SEC’s objection represents a troubling example of “government overreach” and aims to ” disadvantage ” and distract […]
Extradition Denied: Do Kwon Escapes US Jurisdiction As Montenegro Decision Announced | Bitcoinist.com
Categories
Crypto, Crypto News, Crypto regulation, cryptocurrencies, Cryptocurrency, DeFi, Do Kwon, Do Kwon news, LUNA, LUNA Classic, LUNA Classic news, LUNA news, LUNA price, LUNACUSD, LUNACUSDT, Terra Do Kwon, Terraform, Terraform CEO, Terraform Labs, Terraform Labs news, Terraform Labs vs SEC, US crypto regulation
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 […]