Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.
Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022.
Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs
NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app.
Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court
Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea.
Do Kwon’s South Korea Extradition Uncertain After Challenge from Top Prosecutor
Terraform Labs co-founder Do Kwon’s pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday by Montenegro’s top prosecutor.
Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters
A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters.
Do Kwon Wins Second Chance to Appeal Extradition From Montenegro
The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.
Terraform Labs Declares Bankruptcy in Delaware
Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore.
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
Local courts may be facing political pressure regarding Kwon’s extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk.
Do Kwon Tries To Delay SEC’s Terraform Trial so He Can Attend
The former CEO of Terra is being held in Montenegro after being caught in Podgorica’s airport with falsified documents.
U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is right about platforms like Coinbase and Binance trading unregistered securities.
Terraform Labs’ LUNA and MIR Tokens are Securities, Judge Rules
A federal judge issued summary judgements siding with the SEC’s arguments that Terraform had illegally sold unregistered crypto securities.
Do Kwon Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ
The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.
Terraform’s Do Kwon mounts last ditch effort to avoid extradition: Report
Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro.
Terraform Labs, Do Kwon Fail to Have Singapore Class-Action Suit Rejected: Report
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.
Montenegro Court Approves Extradition of Do Kwon
Minister will decide if Kwon will be extradited to the U.S. or South Korea.
SEC Asks Court for Summary Judgement Against Do Kwon, Terraform
The request follows a move by Kwon’s defense team to do the same.
Daniel Shin Blames Terraform Collapse on Do Kwon’s Management: Report
Shin is attempting to distance himself from Terra and Kwon as he faces trial in South Korea.
Do Kwon’s Terraform Labs Seeks Early Court Rejection of U.S. SEC Case
Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn’t managed to prove the crypto company was offering securities.