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The Latest Breaking News from Terraform Labs

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

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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

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

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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.

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.

International Business Times

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)

Zenger

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.

PC Gamer

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

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

International Business Times

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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.

Fortune

Terra's Do Kwon sentenced to 4 months in a Balkan prison for document forgery

Do Kwon is also awaiting Montenegro's decision on whether to extradite him to the U.S. or South Korea.

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Fortune

Jump Trading made $1.28 billion by secretly propping up Terra a year before the algorithmic stablecoin collapsed, court filings show

Jump Trading reportedly profited $1.28 billion from the arrangement.

Fortune

Terra cofounder Do Kwon pays six-figure bail in Montenegro as South Korean and U.S. prosecutors seek extradition

Kwon was arrested in Montenegro for allegedly using a fake passport while trying to fly to Dubai.

Reuters

Montenegro court releases crypto entrepreneur Do Kwon on bail

A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges.

Fortune

Disgraced Terra cofounder Do Kwon pleads not guilty after he's arrested in Montenegro holding 3 different passports

Montenegrin authorities stopped him at the airport in March with Costa Rican and Belgian travel documents.

Bangkok Post

S Korea indicts Terraform Labs co-founder, 9 others

SEOUL: South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law.

Fortune

Terra cofounder Daniel Shin charged with fraud in South Korea as former CEO Do Kwon still detained in Montenegro

Shin’s cofounder, Do Kwon, was arrested last month after he was stopped at an airport with bogus documents.

Investors Business Daily

Cryptocurrency Outlook Picks Up Amid Bank Crisis; The Markets Lifting Bitcoin Price Might Surprise You

Bitcoin has fought back from last year's arrests, bankruptcies and billions in value lost, acting as a safe haven in the bank crisis. But a U.S. crackdown may push crypto overseas.

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