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The Latest Breaking News from Terraform Labs

Terra's Do Kwon Wins Appeal Against US Extradition

Do Kwon's much-anticipated extradition has been delayed as a Montenegro appeals court revoked an earlier court decision to allow for his transfer to the United States.

International Business Times

SEC Challenges Terraform Labs' 'Suspicious' Dentons Legal Fees

The SEC filed a securities fraud lawsuit against Terraform Labs and its former CEO Do Kwon in 2022, and ahead of the trial, the regulator wants the court to block the bankrupt blockchain firm from hiring law firm Dentons.

International Business Times

Montenegro Court Approves Extradition Of Do Kwon To US

Montenegro court approves extradition of Do Kwon, Terraform Labs founder, to the US over crypto-related charges. Case raises concerns in the crypto community.

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South Korea Seeks Spot Bitcoin ETF Talks With Gary Gensler In Q2 2024: Report

South Korea, which previously warned local securities firms against brokering spot Bitcoin ETFs from the U.S., is expected to discuss the matter with the SEC chief Gary Gensler this year.

International Business Times

Terraform Labs Says Bankruptcy Filing 'Critical' In Its SEC Lawsuit Appeal

Terraform Labs, the blockchain firm behind the TerraUSD (UST), said Tuesday that its Chapter 11 bankruptcy filing would also help keep the Terra network's operations rolling.

International Business Times

Do Kwon's Terraform Labs Hits Rock Bottom; Seeks Bankruptcy Protection In US Amid Legal Turmoil

Last week, Judge Jed Rakoff moved the start date of the SEC v. Terraform Labs and Kwon $40 billion fraud case trial to March 25 from the initial Jan. 29 start date, following an appeal from the crypto mogul's camp.

International Business Times

Judge Delays SEC's Landmark Case Against Kwon Until March; No Additional Adjournment Requests Will Be Considered

Earlier this week, the SEC agreed to postpone the civil litigation involving Kwon, which is strategically aimed at facilitating Kwon's extradition, thereby ensuring his presence during the trial.

International Business Times

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Awaiting Do Kwon: SEC Agrees To Delay TFL CEO's $40B Crypto Fraud Case Trial

Do Kwon could be in the U.S. by mid-March to attend the trial in the $40 billion crypto fraud case.

International Business Times

US SEC Open to Delaying Terraform Labs Trial for Extradition

Learn about the latest development in the Terraform Labs trial as the US SEC expresses its willingness to delay the trial for Do Kwon's extradition. Stay i...

Top News

Terraform Labs' Do Kwon Seeks U.S. Trial Adjournment Amidst Montenegro Extradition Setbacks

The delay in Mr. Kwon's extradition proceedings in Montenegro was a direct result of an appeal made by his legal team, which successfully gained the court's approval.

International Business Times

Exclusive: Jump sits out Bitcoin ETF race amid broader crypto pullback

The trading firm has reduced its crypto business after its disastrous involvement with the failed crypto firm Terraform Labs.

Fortune

Do Kwon, Terraform Labs Win In Court But SEC Secures Victory In Securities Ruling

Judge Jed Rakoff of the U.S. District Court for the Southern District of New York has granted summary judgment over the SEC's claim that Terraform Labs, the blockchain firm co-founded by Kwon, offered unregistered securities and security-based swaps.

International Business Times

Judge rules Terra ‘stablecoin’ and other tokens are securities in victory for the SEC and departure from Ripple case

The doomed crypto project created by Do Kwon still faces fraud-related charges.

Fortune

Judge Approves Protective Order In SEC Vs Terraform Labs Case, Court Filings To Stay Confidential

The SEC and Terraform Labs have agreed to the terms approved by the court, requiring both parties to not disclose materials marked as confidential. All discovery filings marked as confidential should also be sealed.

International Business Times

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International Business Times

Extradition Revoked: Do Kwon Of Terraform Labs Stays In Montenegro Pending Appeal

Prior to Kwon's extradition appeal, a report alleged that Montenegro's Justice Minister, Andrej Milovic, had already made the decision to send Kwon to the U.S. before it was publicly announced.

International Business Times

Montenegro's Extradition Plan Might Not Bode Well For Do Kwon's Legal Odyssey

During closed-door discussions, Montenegro's Justice Minister Andrej Milovic reportedly mentioned his plans to extradite Do Kwon to the U.S., where is facing multiple criminal charges.

International Business Times

Montenegro Court Of Appeal To Review Decision On Do Kwon's Extradition

Late last month, the Montenegrin High Court announced that it has "approved the extradition" of Kwon as requested by his home country South Korea and the U.S.

International Business Times

SEC Got Help From Whistleblowers To Build Fraud Case Against Do Kwon And Terraform Labs: Lawyers

During a hearing at a Manhattan court last Thursday, lawyers for Kwon said that unnamed whistleblowers, one of them from Jump Trading Group, had helped federal regulators in building their fraud case against the Terra co-founder.

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International Business Times

Do Kwon Suffers Another Major Legal Defeat Amid Imminent Extradition From Montenegro

Aside from charges in the U.S. and in his home country, Kwon could be facing another class-action lawsuit in Singapore.

Zenger

Terra Classic Soars 25% While Bitcoin, Ethereum Take A Backseat Amid Do Kwon’s Growing Legal Woes

Amidst the legal turmoil surrounding Terraform Labs and its founders, the cryptocurrency they created, Terra Classic (CRYPTO: LUNC) is blazing past Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH)

PC Gamer

With Sam Bankman-Fried in the slammer, now the fugitive crypto 'Lunatic' behind 2022's $40B crash is being extradited from his Montenegrin getaway

The question is whether he goes to South Korea or the US.

International Business Times

Quo Vadis, Do Kwon? Montenegro Green-Lights TFL CEO's Extradition

Do Kwon must serve his sentence in Montenegro before the extradition takes place.

Fortune

Do Kwon denied appeal in Montenegro as possible extradition to South Korea or U.S. looms

The disgraced former CEO of Terraform Labs was caught trying to use a fake passport to flee Montenegro in May.

Zenger

South Korea Approves Virtual Asset User Protection Act

Legislation aims to establish a legal framework for virtual assets and outlining penalties for unfair transactions.

Fortune

'A vision for how we can salvage this': Terraform Labs interim CEO says a new stablecoin isn't part of the plan to clean up Do Kwon's mess

The company infamously created a failed algorithmic stablecoin that destroyed tens of billions of dollars in value.

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