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Do Kwon, former CEO of Terraform Labs, which acted as a parent company of Terra (LUNA), might soon face justice after spending months on the run before incarceration in Montenegro.
Do Kwon, the founder of Terraform Labs, has been approved for extradition to either South Korea or the United States by a court in Montenegro. This decision follows Kwon's arrest in March for possessing false documents and his subsequent four-month prison sentence in Montenegro for document forgery.
In a strategic move that reverberates through the blockchain space, Terraform Labs, the driving force behind the Terra (LUNA) protocol, has injected a substantial $15 million into the Terra ecosystem. This capital infusion, aimed at fortifying liquidity pools and incentivizing developers, has propelled LUNA's value by 8%, addressing recent challenges and fostering a renewed sense of growth and innovation.
The court in Podgorica made a positive decision in the extradition case of Terraform Labs founder Do Kwon. According to the document, the requests of both the South Korean and US authorities were satisfied.
Montenegro's Minister of Justice will make the final decision on Do Kwon's extradition to either South Korea or the United States.
Montenegro higher court has approved the extradition of Terra co-founder Do Kwon, according to sources familiar with the matter. Terraform Labs' former executives Do Kwon and Han Chang-joon were sentenced to four months in prison in a passport forgery case and the appeal by executives has also been denied by the Montenegro high court.
Do Kwon will likely be extradited. The question is to South Korea or to the US?
Minister will decide if Kwon will be extradited to the U.S. or South Korea.
Terraform Labs' $15 million investment injection into the Terra (LUNA) ecosystem is more than a financial boost; it's a seismic shift poised to reshape the crypto landscape. This capital surge, strategically directed at Astroport and Ura, the Terra community's decentralized exchanges, is like priming an engine for DeFi innovation.
According to an update from Terraform Labs, the startup behind the Terra (LUNA) protocol, up to $15 million in capital has been injected into its ecosystem with the aim of boosting liquidity for blue-chip assets like Bitcoin (BTC) and Ethereum (ETH). Terra (LUNA) and Cold Start Solution The capital was specifically injected into Astroport and
The court has issued an order regarding expert witnesses in the U.S. Securities and Exchange Commission (SEC) lawsuit involving Terraform Labs and former CEO Do Kwon. The Daubert hearing allowed parties to scrutinize the challenged expert openly to assess the admissibility of their testimony.
The court has announced an order on expert witnesses in the U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs and former CEO Do Kwon. The court held Daubert hearing giving parties to examine the challenged expert in open court to set expert witnesses' testimony to evaluate admissibility.
The crypto market has displayed a strong positive price action, as the industry has added significant value to its portfolio this month. Many coins have recorded a new yearly high during this time, indicating a bullish influence over the space. Terra tokens have gained massive attention from the market following their recent price pumps.
This module calculates the minimum commission for validators based on their voting power, bringing an innovative feature to the LUNC ecosystem. The proposal received strong support from the community, with a 93% “Yes” vote and a 7% “Abstain” vote, showcasing near-unanimous approval.
The latest news for Litecoin (LTC), Cosmos (ATOM) and Terra (LUNA) crypto assets: including recent news and a present and future price analysis, all the details below.
Why did transactions spike on Polygon? What's Terra's plan post-Do Kwon? And why did South Korea buy Coinbase shares? Read on to find out.
Do Kwon, the ex-CEO and creator of Terraform Labs, had appealed to overturn a passport fraud conviction imposed by a Montenegro court. The court, however, rejected Kwon's appeal and upheld the guilty verdict.
Terraform Labs founder Do Kwon lost his appeal of a 4-month prison sentence in Montenegro for passport fraud, clearing the way for his extradition to face criminal charges related to Terra's collapse in South Korea or the US.
Do Kwon, the former CEO and founder of Terraform Labs, has been unsuccessful in his appeal against a passport fraud conviction mandated by a court in Montenegro. What Happened: CryptoSlate reported on Wednesday that Kwon and his associate, Han Chang-joon, had been indicted for passport document falsification in June.
Do Kwon, the founder and former CEO of Terraform Labs, lost an appeal after being convicted of passport fraud, a Montenegro court ordered on Nov. 16. In June, Kwon and fellow Terra associate Han Chang-joon were convicted of falsifying passport documents by the Basic Court in Podgorica, Montenegro's capital city.
Attorneys representing Terraform Labs and Do Kwon have filed a motion for summary judgment, arguing that the defendants didn't do anything wrong and the judge overseeing the case should make a ruling without moving the case forward to a trial. The lawyers claim that the SEC has failed to prove that the company offered securities after two years of investigation and extensive discovery.
The Terraform Labs founder. Do Kwon, has been sentenced to four months in prison as he faces extradition based on compliance with his sentence.
Do Kwon's final appeal to undo his incarceration in a Montenegrin prison was refused by a high court, leaving Terra's former CEO awaiting extradition rather than freedom.
The SEC has requested summary judgment against Terraform Labs (TFL) and Do Kwon in their lawsuit alleging violations of securities and exchange laws. The SEC argues that TFL and Do Kwon created and marketed crypto assets such as LUNA and UST as securities, violating securities laws and defrauding investors of $45 billion.
