Extradition of Do Kwon Unlikely Before End of March, Lawyers Says
Do Kwon may not be extradited to the US in time for the company's trial before the SEC of that nation, his attorneys have stated.
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Latest firstUS Extradition Order for Terra Founder Do Kwon Issued
Do Kwon is expected to be extradited to the US to face fraud accusations. Kwon has been detained in Montenegro since March 2023.
Terraform Labs Says Bankruptcy May Shield it From SEC Penalty
Key Takeaways Terraform Labs, currently in the midst of Chapter 11 bankruptcy proceedings, has revealed its strategic move to employ bankruptcy protection as a means to mount a “do-or-die” appeal against the U.S. Securities and Exchange Commission (SEC). In a…
Do Kwon Seeks SEC Trial Postponement Amid Extradition Challenges
Key Takeaways Amidst the ongoing legal saga involving Do Kwon, the former CEO of Terraform Labs, a recent development has seen his legal counsel request a delay in the Securities and Exchange Commission (SEC) trial. The reason behind this request…
SEC Urges Court to Consider Terraform Labs Ruling in Ongoing Binance Lawsuit
In a federal court filing, the US SEC requests that a judge provide a summary judgment ruling in its lawsuit against the crypto exchange Binance.
SEC Asks Court For Summary Judgment in Terraform Labs, Do Kwon Case
Key Takeaways In a recent legal development, the United States Securities and Exchange Commission (SEC) is contesting the conclusions reached by a jury in the case involving alleged violations by Terraform Labs. The SEC now seeks a summary judgment on…
Genesis gets 5 day deadline to produce documents to comply with Terra subpoena
Key Takeaways In a noteworthy legal development, a district judge in New York has directed cryptocurrency lending firm Genesis to comply with a subpoena. This action comes in response to Genesis allegedly withholding specific documents linked to the sudden downfall…
Do Kwon Admits to Faking Trading Volume, SEC Documents Reveal
Key Takeaways In a startling revelation, Do Kwon, the founder of Terraform Labs, has admitted to fabricating trading volume in a text message exchange with Daniel Chin, the founder of payments app Chai, as revealed in court documents filed by…
SEC seeks to question defunct Terraform Labs’ co-founder Daniel Shin in South Korea
Key Takeaways In a significant development, the United States Securities and Exchange Commission (SEC) has received approval to seek South Korea’s assistance in its ongoing legal case against Terraform Labs and its co-founders. The motion enables the SEC to conduct…
Terraform Labs Seeks FTX Wallet to Defend Against SEC Fraud Charges
SEC argues that between 2018 and 2022 Terra raised billions from investors by marketing and selling crypto securities without proper registration.
