Hints and tips:
Related Special Reports
...It also wants Terraform Labs and Kwon to pay $420mn and $100mn respectively in civil penalties....
...These assets included terraUSD, a stablecoin developed by Kwon whose sudden collapse in 2022 rocked the crypto industry, as well as the associated luna token, according to the SEC.Terraform and Kwon “caused...
...Kwon, who resided in South Korea and Singapore at the time of the alleged fraud, is also in the midst of a fierce extradition battle....
...The decision comes after Kwon’s company, Terraform Labs, filed for Chapter 11 bankruptcy protection in the US last month. Kwon’s lawyers have three days to appeal the court ruling....
...Terraform Labs, the company behind the $40bn collapse of TerraUSD digital tokens in 2022, has filed for Chapter 11 bankruptcy protection in the state of Delaware as its co-founder Do Kwon faces a civil trial...
...“Mr Kwon’s extradition process in Montenegro is in its final stages and Montenegro could order extradition at any moment,” Patton said in a filing in the Manhattan federal court....
...As more than one country has appealed for Kwon’s extradition, the minister of justice in Montenegro will determine which one has priority, said the Higher Court in Podgorica on Friday....
...“I think [the Do Kwon case] works in our favour,” he added. “We are showing we are not going to tolerate misbehaviour.”...
...Kwon is sought by both the US and South Korea on fraud charges, but officials in Montenegro have said local proceedings should be completed before they consider handing him over....
...The Securities and Exchange Commission is also seeking more than $5bn in fines from collapsed crypto group Terraform Labs and its co-founder Do Kwon, who is also facing criminal charges....
...“We believe the claims in this suit may stem from Elon’s regrets about not being involved with the company today,” Kwon wrote....
...Do Kwon trial: The trial in the US Securities and Exchange Commission’s fraud case against cryptocurrency developer Terraform Labs and its founder Do Kwon is scheduled to begin....
...Kwon is wanted by both the US and South Korea to answer questions about the collapse of the TerraUSD stablecoin, which wiped out the value of $40bn of digital tokens in days....
...Kwon, who faces eight criminal counts including securities, commodities and wire fraud, repeated misleading claims in a TV interview in October 2019 as well as in a social media post the following year,...
...Both have brought cases against Alex Mashinsky, the former head of Celsius, and Do Kwon, the Korean mastermind behind the TerraUSD and Luna tokens, alongside lesser-known crypto personalities....
...Authorities in Montenegro have arrested a person suspected of being Do Kwon, the chief executive of collapsed cryptocurrency operator Terraform Labs....
...The Securities and Exchange Commission is seeking a $5bn fine against collapsed crypto firm Terraform Labs and its co-founder Do Kwon....
...Kwon, who faces eight criminal counts, including securities, commodities and wire fraud, repeated misleading claims in a TV interview in October 2019 and in a social media post the following year, prosecutors...
...Cryptocurrency trial: Closing arguments are expected at the trial of cryptocurrency developer Terraform Labs and its founder Do Kwon on civil fraud charges brought by the US Securities and Exchange Commission...
...“I don’t have to worry about hiring people anymore,” said Kwon Hyang-jin, who uses a robot in her Italian restaurant in eastern Seoul. “It never gets sick or complains about its workload.”...
...Do Kwon TerraUSD Do Kwon was behind stablecoin TerraUSD, whose overnight collapse in May 2022 kickstarted last year’s market crisis....
...of decentralisation . . . all from the armchair of a single man sipping whisky”, allegedly in reference to Kwon....
...Terraform Labs co-founder and disgraced former crypto kingpin Do Kwon had his bail revoked in Montenegro....
...Co-founder Do Kwon, who owns 92 per cent of Terraform Labs, faces extradition to the US by mid-March to face a trial over alleged fraud....
International Edition