Tag: Do Kwon

There were speculations about how the recent disintegration of the DOJ crypto unit would impact the case of Terraform co-founder Do Kwon

US prosecutors have now outlined procedures for public notice for affected victims in the Do Kwon criminal case

Terraform Labs co-founder Do Kwon has pleaded “not guilty” to the numerous criminal charges levied against him in the United States

Do Kwon, the mastermind behind one of crypto’s most catastrophic downfalls, is set to face justice in the United States

Terraform co-founder Do Kwon may have to explore another legal route as Montenegro’s Constitutional Court reportedly dismissed his appeal

Although Do Kwon gave guarantees, the fall of Terra rocked the crypto industry and brought down many companies like 3AC.

A Montenegro Court has confirmed the extradition of Do Kwon to South Korea, ending months of uncertainty on the subject

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