Terraform Labs’ Executive Do Kwon Faces SEC Trial
On Monday, the trial between the US Securities & Exchange Commission (SEC) and Do Kwon, an executive at Terraform Labs, commenced in a Manhattan federal court. Kwon, accused of involvement in the collapse of Terraform Labs’ TerraUSD stablecoin in May 2022, was notably absent, represented instead by his defense team. The proceedings began with jury […]
Legal Battle Over Extradition: US Vies for Conviction of Terraform’s Do Kwon
The fate of former Terra Luna crypto kingpin Do Kwon hangs in the balance as legal proceedings determine whether he will be extradited to South Korea or the United States. Amidst mounting charges of fraud linked to Terra Luna’s collapse, a Montenegrin court has become the battleground for competing extradition requests. Legal Proceedings In a […]
SEC Bolsters Case Against Terra and Kwon with Fresh Charges
In an ongoing legal saga that began in February, the U.S. Securities and Exchange Commission (SEC) has leveled accusations of fraud and criminal wire charges against TerraLabs and Do Kwon. Terraform Labs wasted no time challenging the lawsuit, seeking its dismissal for being baseless. However, the SEC is unyielding in its pursuit of justice and […]
Do Kwon Sentenced to Four Months in Jail in Montenegro
Do Kwon, the founder of Terra, was apprehended on March 23, 2023, in Montenegro as he was preparing to board a private jet bound for Dubai at Podgorica Airport. A video capturing Kwon being escorted out of the Montenegrin court in handcuffs gained significant attention online. In recent updates, the Montenegro court has granted Do […]
Terra Founder, Do Kwon May Spend Decades in Prison: Seoul Prosecutor
Following the passport forgery case involving Do Kwon, the founder of Terra, the Montenegro court has accepted his bail request of 400,000 euros ($428,000). This decision came after a previous annulment by the high court. Kwon’s arrest has led to extradition requests from both South Korea and the U.S. authorities due to the collapse of […]
Terra Co-Founder Do Kwon Gets Bail Once Again
Following the rejection of prosecutors’ arguments on June 2, Do Kwon, the co-founder and former CEO of Terra, has been granted bail in Montenegro once again. This comes after being detained again despite being granted bail in mid-May. The State Prosecutor’s Office’s appeal against the previous bail agreement has been denied, allowing Kwon and Terraform […]
Do Kwon to Remain in Custody After High Court Moves to Revoke Bail
According to a court statement released on Thursday, Do Kwon, the co-founder of Terraform Labs, will continue to be held in custody as he confronts allegations of falsifying official documents in Montenegro. Initially, a bail request was granted but subsequently revoked. After the Basic Court in Podgorica, the capital of Montenegro, initially approved a bail […]
Do Kwon’s Legal Team Disputing SEC Claim of Securities Fraud
According to Kwon’s legal team, the Securities and Exchange Commission (SEC) was unsuccessful in providing evidence to support their accusations that Kwon was involved in deceiving American investors in relation to the collapse of TerraUSD (UST) and Luna (LUNA), which had a combined value of $40 billion.’ Reportedly, Do Kwon’s legal representatives presented arguments in […]
Terra: Do Kwon Caught Using Fake Passport in Montenegro
Do Kwon, a Terraform Labs co-founder who was wanted for his involvement in the $40 billion Terra Luna ecosystem collapse in May 2022, was reportedly captured. According to a court document cited by DL News, he has been accused of using a false passport by Montenegrin authorities. South Korean national Kwon was detained last month […]
Terra: Request by Do Kwon to Block Access to Vital Documents Denied
Do Kwon, the co-founder and CEO of Terraform Labs, has suffered a legal setback after a U.S. judge rejected his attempt to block the U.S.SEC from acquiring specific records on the company’s operations. The judge denied Kwon’s plea to deny the SEC access to papers about Terraform Labs’ operations in Singapore. According to a Bloomberg […]