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PODGORICA, Montenegro: A Montenegro appeals court on Friday (May 24) reversed an order to extradite cryptocurrency entrepreneur Do Kwon to South Korea - where he is wanted over the multi-billion-dollar collapse of the Terraform Labs company.
NEW YORK (Reuters) -- Terraform Labs reached a $4.47 billion civil settlement with the U.S. Securities and Exchange Commission after being found liable by a jury for defrauding cryptocurrency investors who lost an estimated $40 billion when the TerraUSD and Luna tokens collapsed in 2022.
NEW YORK (Reuters) -- A jury in Manhattan found Singapore-based Terraform Labs and its founder Do Kwon liable on civil fraud charges on Friday, agreeing with the U.S. Securities and Exchange Commission that they misled investors before their stablecoin's 2022 collapse shocked cryptocurrency markets.
A jury in Manhattan found Singapore-based Terraform Labs and its founder Do Kwon liable on civil fraud charges on Friday, agreeing with the U.S. Securities and Exchange Commission that they misled investors before their stablecoin's 2022 collapse shocked cryptocurrency markets.
PODGORICA, Montenegro (AP) — An appeals court in Montenegro has overturned a recent ruling that a cryptocurrency mogul, Terraform Labs founder Do Kwon, should be extradited to the United States to face fraud charges rather than to his native South Korea, the court said Tuesday.
PODGORICA, Montenegro (AP) — A court in Montenegro has ruled that Terraform Labs founder Do Kwon should be extradited to the United States to face fraud charges rather than to his native South Korea, a court official in the Balkan Country said Thursday.
Tech Latest by Nikkei Asia brings you the newest updates from Asia's technology industry. In this episode, Alice French talks to Seoul correspondent Kim Jaewon about the status of disgraced Terraform Labs founder Do Kwon, and the latest on Samsung chair Lee Jae-yong's fraud case.
Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets in 2022, filed for Chapter 11 bankruptcy in the United States, according to court papers filed on Sunday.