Tag: Do Kwon

Terraform proposed that $1 million in civil penalties would be "far more appropriate" than the SEC's multibillion-dollar proposal.

The SEC requested that Kwon and Terraform Labs pay roughly $4.7 billion in disgorgement and prejudgment interest. 

Terraform Labs argued that a $1 million civil penalty would be “far more appropriate” than the SEC’s multibillion-dollar proposal.

While Terraform suggested a maximum civil penalty of $3.5 million and Kwon proposed only $800,000, the SEC argued for higher penalties.

The civil trial with the SEC commenced more than a year after the commission filed a lawsuit against Terraform in February 2023.

Do Kwon, the co-founder and former CEO of Terraform Labs has secured freedom from Montenegro Prison amid extradition saga

Prosecutors in Montenegro are contesting the extradition of Do Kwon from the country to South Korea, dragging the case to the Supreme Court

The High Court in Podgorica, Montenegro, has determined that Do Kwon should be extradited to South Korea rather than the United States.

Embattled Terraform Labs co-founder Do Kwon has won the Appeal against his proposed extradition to the United States

It hasn’t been decided when Do Kwon will be traveling to the United States but his trial as been postponed to late March.

Terraform Labs CFO has been extradited to South Korea after this imprisonment in Montenegro following the crash of the Terra ecosystem

The court filing states that the estimated liabilities and assets of Terraform Labs range from $100 to $500 million.

The trial of Do Kwon was originally scheduled for January 29 and is facing a jury trial over fraud charges. 

After initial headway has been made with respect to the extradition of Terraform Labs founder Do Kwon, the arrangement is now canceled

A whistleblower from Jump Crypto is reportedly assisting the US SEC in its ongoing probe into Do Kwon and Terraform Labs

Lawyers representing Do Kwon said that his extradition prior to October 13 was “impossible” due to him being detained in Montenegro.

An estimate of $26 million, or 34 billion won, belonging to Do Kwon has been frozen, including Bitcoin (BTC).

Do Kwon informed the Montenegrin Basic Court that he was unaware that the passport he was traveling with was reportedly fake.

Dollowing guilty plea to U.S. charges in November, Changpeng Zhao has..

May 29, 2024

Hashrate Futures, trading under the ticker HUP and offered by Luxor..

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