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US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
30.4.2024
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million
Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash
30.4.2024
Lawyers for Terraform Labs and its founder Do Kwon are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion, new court docs reveal. Kwon and the crypto company were found liable for the Terra-Luna collapse by a jury trial...
SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs
25.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final...
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
24.4.2024
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past
Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation
24.4.2024
The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months
Do Kwon And Terraform Labs Hit With $5.3 Billion Penalty From SEC in Terra-Luna Case
23.4.2024
Terraform Labs and its founder Do Kwon have been hit with a $5.3 billion from the SEC, April 19th court documents reveal. News of the latest legal filing from the SEC comes just weeks after they won a landmark civil trial against Kwon for the $40 billion crash of Terra-Luna.
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Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
23.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022
South Korea’s April 10 Election: What’s at Stake for the Crypto Universe
9.4.2024
On April 10, 2024, South Korea is heading into its legislative polls which will see multiple parties and coalitions battle it out for 300 seats in the national assembly and political analysts say it will be difficult for either party to get a majority, making any group of voters, including crypto...
Terraform Labs and Co-Founder Do Kwon Found Guilty of Fraud in SEC Case
6.4.2024
Terraform Labs and its co-founder, Do Kwon, have been found guilty of fraud in a civil case brought against them by the SEC.
The post Terraform Labs and Co-Founder Do Kwon Found Guilty of Fraud in SEC Case appeared first on Cryptonews
Do Kwon Extradition Case Sent Back To Lower Court In Montenegro
6.4.2024
The fate of Terra founder Do Kwon's extradition returns back to a lower court as a jury finds him guilty of fraud following the Luna crash of 2022.
The post Do Kwon Extradition Case Sent Back To Lower Court In Montenegro appeared first on Cryptonews
Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
5.4.2024
On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks....
New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case
5.4.2024
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD
Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs
5.4.2024
NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra...
Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset
5.4.2024
In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a confidential meeting and vote resulted in the annulment...
Former Terraform Employee Admits Writing False Posts From Kwon Made Him ‘Angry’
2.4.2024
Brian Curran, former head of communications at Terraform, told a Manhattan federal jury on Monday that spearheading public relations for the company made him “angry.”
The post Former Terraform Employee Admits Writing False Posts From Kwon Made Him ‘Angry’ appeared first on Cryptonews
Trial Against Terraform Labs And Do Kwon Begins In NYC Following Prison Release
25.3.2024
The United States Securities and Exchange Commission’s (SEC) trial against Terraform Labs founder Do Kwon is set to begin in New York on Monday. As jury selection gets underway, the trial formally marks the beginning of the United States' quest for justice against Kwon following the collapse...
Do Kwon Released From Montenegro Prison With Extradition Verdict Still Underway: Report
25.3.2024
Do Kwon was released from prison in Montenegro on Saturday as the Supreme Court deliberates on extradition requests from the United States and South Korea, according to a Bloomberg report citing prison officials.
The post Do Kwon Released From Montenegro Prison With Extradition Verdict Still...
Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision
24.3.2024
Multiple sources have reported that Do Kwon, the ex-chief executive officer of Terraform Labs, was set free from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the United States. Terraform Labs’ Former CEO Do Kwon...
Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court
22.3.2024
Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea
Do Kwon’s Extradition to South Korea Challenged by Montenegro’s Top Prosecutor
22.3.2024
Terraform Labs co-founder Do Kwon's recent extradition to South Korea is being challenged by Montenegro’s prosecutor.
The post Do Kwon’s Extradition to South Korea Challenged by Montenegro’s Top Prosecutor appeared first on Cryptonews