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Despite the turbulence in the cryptocurrency market, Terra Luna Classic (LUNC) has shown commendable resilience. Will LUNC price go up?

The court proceedings of Terra co-founder Do Kwon and former chief financial officer Han Chang-joon's picked pace recently. Montenegro's authorities expedite their investigations and legal procedure before Terra co-founder Do Kwon is extradited to South Korea within the next six months.

A judge in the United States considered on Thursday whether the cryptocurrencies created by Terraform Labs were securities. The failed blockchain firm and its founder, Do Kwon, have asked the court to dismiss a case filed by the U.S. Securities and Exchange Commission (SEC) alleging that they defrauded investors whom they sold unregistered securities.

There could be some relief for the Korean developer, though, as his lawyers tried to drop charges filed by the US SEC.

The sun has set down on Do Kwon, and it's not a fun affair. Sources present in court have informed Cryptopolitan that Do Kwon will remain behind bars for a while.

Terra founder Do Kwon refuted allegations of possessing a counterfeit passport during a court session in Montenegro, claiming that the Costa Rican passport in question was procured via a Singapore agency. In the court, Kwon was quoted as, “We applied for these passports through an agency recommended to me by friends whom I respect.

During a hearing on Thursday, June 15, representatives of Terraform Labs faced the US Securities and Exchange (SEC) in court in Manhattan to prove that the cryptocurrencies issued by the firm are not securities.

Do Kwon will spending a minimum of six months in Montenegro custody, while the South Korean authorities will work on his extradition.

Terraform Labs co-founder, Do Kwon, is set to be taken into extradition custody in Montenegro as the court deliberates on South Korea's request for his repatriation. The court has ordered a six-month custody period to assess the extradition proceedings.

Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit.

Dentons, the legal firm representing Do Kwon, submitted Hinman emails in support of a motion to dismiss a complaint brought by the SEC.

Top law firm Dentons, representing Terraform Labs and co-founder Do Kwon, filed additional documents in support of the motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The court hearing on Thursday centered on whether digital assets created by Terraform Labs are securities under an “investment contract.

In a highly anticipated legal battle, Terraform Labs, a prominent blockchain technology firm, is awaiting a decisive ruling from a U.S. court concerning its motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC).

Do Kwon, a co-founder of Terraform Labs, will be taken into extradition custody in Montenegro for up to six months.

US District Judge Jed Rakoff in Manhattan considered whether digital assets created by Terraform Labs (TerraUSD and Luna) are securities at a hearing on Thursday.

Was UST a security because it was designed for practical uses rather than as an investment?

Do Kwon and Han Chang-Joon remain incarcerated for six more months while judges consider extradition requests from South Korean and US prosecutors.

A U.S. judge considered whether the digital assets created by Terraform Labs were securities at a hearing on Thursday, a question central to the U.S. Securities and Exchange Commission's fraud case against the company and its founder Do Kwon.

Courts in the country approved bail for the Terraform Labs founder, but a South Korea extradition request is set to keep him in jail.

A Montenegro court has extended Do Kwon's detention by six months as he awaits trial for potential extradition, Agence France Presse reported Thursday. The former Terraform Labs CEO has been in custody in Montenegro since late March following his arrest at Podgorica Airport in the nation's capital for allegedly carrying forged travel documents.

Europe Now Movement, the political party that just won parliamentary elections in Montenegro, is expected to form a fragile government, according to a report in BalkanInsight. The problem is the multitude of parties, with Europe Now squeaking by with just 25.

The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea's extradition request.

A court in Montenegro has extended the incarceration of former crypto fugitive Do Kwon and his associate Han Chang-Joon for an additional six months while they consider an extradition request from South Korean prosecutors. The decision comes after a higher court in Podgorica allowed Kwon and Han to be released on 400,000 euros ($438,000) bail each, local outlet RFE

Terra co-founder Do Kwon and former chief financial officer Han Chang-joon's bail request has been accepted by the Montenegrin High Court.