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Montenegro Court Halts Extradition of Terra’s Do Kwon to the US
5.3.2024
In a pivotal legal reversal, Montenegro’s Court of Appeals has annulled the extradition of Terraform Labs co-founder Do Kwon to the United States, siding with his defense’s appeal and invalidating a prior High Court ruling from Feb. 20. Montenegro’s Appeal Court Blocks...
Terraform Labs Pushes Back Against SEC Over Special Counsel Payment
5.3.2024
Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC’s argument lies in the fact that the crypto firm’s lavish spending...
Terra’s Do Kwon Wins Extradition Appeal in Montenegro, Avoids U.S. Charges
5.3.2024
Do Kwon, the founder of Terraform Labs, has received a legal reprieve as a Montenegro court overturned a previous ruling for his extradition to the U.S.
The post Terra’s Do Kwon Wins Extradition Appeal in Montenegro, Avoids U.S. Charges appeared first on Cryptonews
Terra's Do Kwon Wins Extradition Appeal in Montenegro
5.3.2024
Kwon is facing fraud charges in the U.S. around his role in Terra's collapse
Terraform Labs Founder Do Kwon Faces Extradition Delay in Montenegro Amid SEC Fraud Allegations
1.3.2024
Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to...
SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On?
29.2.2024
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023.
The post SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On? appeared first on Cryptonews
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
29.2.2024
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters
Terra Founder Do Kwon’s SEC Trial to Start Without Him Amid Extradition Delay
27.2.2024
Do Kwon, co-founder of Terraform Labs, is expected to miss the beginning of his US Securities and Exchange Commission (SEC) trial on fraud charges due to delays in his extradition from Montenegro.
The post Terra Founder Do Kwon’s SEC Trial to Start Without Him Amid Extradition Delay appeared...
Terra Founder Do Kwon to be Extradited to the US, High Court Decides
21.2.2024
Montenegro’s High Court just decided that the founder of the failed Terra crypto blockchain Do Kwon will be extradited to the US, where he is being prosecuted for financial fraud, a local news outlet reported.
The post Terra Founder Do Kwon to be Extradited to the US, High Court Decides appeared...
Do Kwon’s Fate Sealed — Montenegro High Court Opts for US Extradition in Legal Tug-of-War
21.2.2024
In a landmark decision, the High Court in Podgorica has ruled that the former Terraform Labs CEO, Do Kwon, will be extradited to the United States, sidelining South Korea’s request for his extradition. The court’s ruling comes after extensive deliberations on the legal and political...
Do Kwon Wins Appeal as Montenegro Court Overturns Extradition
8.2.2024
The Montenegro Court of Appeal has set aside the decision to extradite the co-founder of Terraform Labs Do Kwon saying the original order was “affected by significant violations.” The court decided to revoke the extradition after hearing Kwon’s appeal in a session on Feb 7, per an official...
Legal Twist Keeps Terraform Labs’ Co-Founder Do Kwon in Montenegro, Appeals Court Questions Extradition Grounds
8.2.2024
Following the Montenegro Appeals Court’s decision to reject the extradition requests for Terraform Labs co-founder Do Kwon, the panel from the Appeals Court has nullified the latest decision by Podgorica’s High Court to extradite Kwon to either South Korea or the United States. This...
Do Kwon Wins Second Chance to Appeal Extradition From Montenegro
8.2.2024
The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned
Former Terra Development Team Leader Testifies Against Do Kwon
6.2.2024
On February 5, reports emerged from the Korean daily newspaper Chosun, detailing how a former Terra development team leader had come forward with testimony challenging Terra founder Do Kwon. According to the newspaper, the 14th Criminal Division of the Seoul Southern District Court examined...
Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police
5.2.2024
Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country’s Justice Ministry. Han Faces Criminal Charges in South...
Ex-Terraform Labs CFO Chang-joon Extradited to South Korea- What’s Going On?
5.2.2024
Han Chang-joon, the former Chief Financial Officer of Terraform Labs has been extradited to South Korea by Montenegrin Police after the completion of his jail term. A Feb 5 official release from the country’s police administration says Chang-joon has been extradited to South Korea citing a decision...
Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro
5.2.2024
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year
Terraform Labs Says Bankruptcy Protection Would Allow it Appeal against SEC’s Securities Fraud Lawsuit
31.1.2024
Terraform Labs has said that its Chapter 11 bankruptcy protection filing would enable the pursuit of an appeal against the US Securities and Exchange Commission’s (SEC) securities fraud lawsuit. In a recent filing, Terraform Labs CEO Chris Amani emphasized the importance of bankruptcy...
Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit
22.1.2024
Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecured creditors.” Meanwhile, Terraform Labs...
Do Kwon’s Terraform Labs Files for Bankruptcy Protection in US
22.1.2024
Terraform Labs, the issuer of the collapsed stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States. The filing by Terraform Labs was officially submitted to the U.S. Bankruptcy Court for the District of Delaware. This action marks a significant legal step...