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 […]
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 […]
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
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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 […]
Expert Analysis: Pro-XRP Lawyer Challenges Stablecoin Securities In Terraform Labs Case | Bitcoinist.com
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In a recent ruling by US District Judge Jed Rakoff, the US Securities and Exchange Commission (SEC) emerged victorious in the Terraform Labs case, causing concern and unease within the cryptocurrency community over the classification of stablecoins.This has led legal experts to question the ruling and its implications. The case centered around Do Kwon, a […]
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 […]
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 […]
In a bid to defend itself against the “complex cryptocurrency action” brought against it by the US Securities and Exchange Commission (SEC), Terraform Labs has once again filed a motion against Citadel Securities, asking the court to compel the market maker to provide certain documents. Citadel May Have Caused UST Depeg In the court filing […]