Do Kwon, Terraform Labs co-founder, pleads not guilty in the US court. He's accused of orchestrating schemes to defraud crypto purchasers. The legal battle continues as he faces serious allegations.
Montenegro's Justice Minister approves extraditing Terraform's Do Kwon to U.S instead of South Korea. Big news in crypto world!
Terraform accounts for over half of SEC’s 2024 record enforcement efforts, securing $4.5 billion.
Montenegro's Justice Minister is set to finalize Terraform co-founder Do Kwon's extradition decision by Oct. 20.
South Korea imposes life sentences for crypto scams over $4 million, influenced by Terraform’s Do Kwon.
LUNC price has seen a market rebound, increasing over 30% in the past year. Investors are more confident, although the market is now consolidating. Terraform's reopening of the Shuttle Bridge has also boosted LUNC's price.
Ripple Labs seeks to reduce its fines in the SEC case by referencing the lower penalties given to Terraform.
The SEC has reached a settlement with Terraform, which will pay $4.47 billion in penalties. The plan includes $3.58 billion in restitution, $420 million in civil penalties, and bars Do Kwon from specific roles.
Terraform will pay $4.47 billion to settle an SEC civil lawsuit stemming from its 2022 collapse.
SEC reaches a significant settlement with Terraform after a challenging period for the cryptocurrency market involving TerraLabs and founder Do Kwon.
SEC announced Terraform's agreement to pay $4.47 billion. Do Kwon's extradition remains uncertain with multiple overturned decisions.
The SEC is rebuffing Terraform's argument that its alleged fraud did not occur within the US, providing instances of Do Kwon promoting UST to American investors.
Terraform's lawyers argue that the SEC has no evidence for the demanded $4.7B disgorgement as the losses occurred outside the US, rendering the SEC's authority inapplicable in this civil case.
Terraform's lawyers argue against disgorgement in the SEC case, involving Luna Foundation Guard, an entity not party to the lawsuit, proposing a $1M penalty instead.
Terraform co-founder Do Kwon is contesting the Montenegrin court's extradition decision, which could send him to the U.S. or South Korea. The case has seen prolonged deliberations across various court levels.
