Tag Archives: do kwon

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

A lengthy court battle to extradite a disgraced crypto mogul, Do Kwon, has seemingly come to a close following a court ruling Thursday. The Appellate Court of Montenegro ruled that Kwon – founder of the defunct Terra blockchain – will be sent to South Korea for prosecution. Do Kwon Set For South Korea The latest ruling re-confirms a prior decision from a lower court, the High Court of Podgorica, to sent Kwon back to his home country rather than the United States, which also...

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

According to a recent report, Montenegrin Prime Minister Milojko Spajić has been identified as one of the early investors in Terraform Labs. Court documents released by the U.S. Securities and Exchange Commission (SEC) reveal that Spajić invested $75,000 in April 2018, acquiring 750,000 Luna tokens, which at their peak were valued at $90 million. Spajić Faces Potential $90 Million Loss The documents indicate that Spajić was the 16th investor during Terraform Labs’ initial...

CoinspeakerSouth Korean Prosecutors Find New Evidence against Do Kwon While Hyun-Sung has denied helping Kwon deceive investors, Kwon is still awaiting trial for the collapse of the blockchain, which instigated the 2022 crypto market winter. South Korean Prosecutors Find New Evidence against Do Kwon

Terraform Labs has reached a settlement in its lawsuit with the Securities and Exchange Commission (SEC), with the defunct crypto firm agreeing to pay a $4.47 billion fine for its fraudulent activity related to the defunct Terra blockchain. In a Wednesday letter to US District Judge Jed Rakoff, the SEC asked for approval of its “proposed final consent judgement” concerning Terraform and its famous co-founder, Do Kwon. The agency claimed that the seismic penalty addresses the...

CoinspeakerTerraform Labs’ Do Kwon Challenges SEC’s $5.3 Billion Penalty Do Kwon's lawyers conte­nd the court should not grant any injunctive relief or disgorgement and should impose at most a $1 million civil penalty against Terraform Labs. Terraform Labs’ Do Kwon Challenges SEC’s $5.3 Billion Penalty

Terraform Labs (TFL) and its founder, Do Kwon, are under pressure to pay $5.3 billion in cumulative damages for fraud related to their now-defunct Terra blockchain. In a filing dated April 19, the U.S. Securities and Exchange Commission (SEC) requested that Kwon and his company be ordered to pay ~$4.2 billion in disgorgement and ~$546 million in pre-judgment interest after losing its lawsuit against the regulator on all counts earlier this month. The Largest Crypto Fine...

Terraform Labs co-founder Do Kwon has faced a new legal setback after Montenegro’s Supreme Court once again approved the extradition. With this decision, the previous extradition ruling by the High Court has been reversed, thereby resetting the whole process. The final decision now rests in the hands of the Minister of Justice, Andrej Milovic, who had previously expressed willingness towards extradition to the US. Do Kwon’s Extradition According to a local report, the court...