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US regulatory authorities are requesting that Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for allegedly defrauding investors. This update has been announced after the two parties had been found liable for a massive fraudulent scheme.
The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with a multibillion-dollar fine. According to a new report by Bloomberg, the regulatory agency is seeking a $5.
TerraForm Labs and Do Kwon get slapped with the potentially hugest crypto-related fine ever recorded.
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.
The question of the Terraform co-founder's extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months.
Terraform Labs co-founder Do Kwon filed a fresh appeal in his Montenegrin legal saga, accusing a court of "bizarre" legal interpretations.
After a jury found Terraform Labs and Do Kwon liable for fraud in its long-standing case with the U.S. Securities and Exchange Commission (SEC), the regulator has asked a New York court to impose $5.3 billion in disgorgement and civil penalties.
Lawyers for Terraform Labs co-founder Do Kwon appealed the Supreme Court of Montenegro's decision to extradite the entrepreneur.
Terraform Labs founder Do Kwon has appealed against a Montenegrin court's extradition ruling, seeking to be sent to South Korea instead of the United States. His legal team argues against the court's decision, pointing to flawed legal interpretations and raising concerns about potential political influence.
Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S.
Do Kwon, co-founder of cryptocurrency firm Terraform Labs, is currently facing extradition requests from both South Korea and the United States. Recently, his legal representatives in Montenegro appealed against a ruling by the Podgorica High Court that found grounds for his extradition to both countries.
The crypto markets are consolidating again as Bitcoin price failed to sustain above $67,000, displaying some weakness among the bulls. The selling pressure does not appear to have mounted, but without a rise in the buying volume, it may certainly be possible for the star crypto to sustain above the range.
In a significant development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Terraform Labs, a jury has found the blockchain protocol and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022.
The SEC is calling for a New York court to impose $5.3 billion worth of fines on Terraform Labs and its co-founder Do Kwon, citing their roles in the 2022 Terra-Luna collapse.
The US Securities and Exchange Commission (SEC) wants nearly $5.3 billion in fines from Terraform Labs and its former CEO, Do Kwon for violations of the US securities laws and charges of fraud. The agency detailed its requested fines in an April 19 legal filing.
The SEC wants Terra and its owner to pay one of the largest crypto fines in history. Do Kwon argues he owes less than $1 million.
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.
The SEC is going after Terraform Labs and its co-founder Do Kwon big time. After a verdict slammed them with guilt, the SEC filed for a whopping $5.2 billion in penalties.
After a jury found Kwon and TFL liable for defrauding investors on April 5, the SEC is seeking a final judgment. This could impose severe restrictions on Kwon's future activities and financially penalize both him and his company.
The United States Securities and Exchange Commission (SEC) is making significant moves against Terraform Labs and its co-founder, Do Kwon, following a civil case verdict. In a recent filing, the SEC demands a hefty sum of about $4.7 billion as disgorgement and prejudgment interest, coupled with $520 million in civil penalties, distributed between Terraform and Kwon.
After a nine-day trial, Terraform Labs and its former CEO, Do Kwon, were found guilty of misleading investors in crypto assets. They violated the Securities Act 1933 by selling crypto assets without proper registration. Director of the SEC, Gurbir S. Grewal, supports the decision of the jury.
The United States Securities and Exchange Commission (SEC) is seeking to impose substantial monetary penalties on Terraform Labs and its co-founder, Do Kwon, following a civil case verdict. In an April 19 filing in the U.S. District Court of New York in the Southern District of New York, the SEC demands that about $4.7 billion
After a jury found Terraform Labs and Do Kwon liable for fraud in its case with the SEC, the commission filed a motion requesting $5.3 billion in disgorgement and civil penalties.
The Terra Luna community is voting on a vital proposal to counter risks related to peer-to-peer attacks on the blockchain. Terra developers observed possible dangers in Solana, Polkadot, and Cosmos ecosystems and advised measures to alleviate the effect of such spam on the LUNC chain.
