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The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.

Disgraced South Korean cryptocurrency entrepreneur Do Kwon and his company, Terraform Labs, have been found liable for fraud as the result of a two-week trial, Bloomberg reports.

The federal regulator prevails in asserting that the stablecoin issuer and its founder misled investors.

A jury has found that the co-founder of Terraform Labs, Do Hyeong Kwon, misled investors and was found liable for fraud, according to multiple reports. The Securities and Exchange Commission charged Terraform and Kwon in February 2023 over the algorithmic stablecoin Terra USD, which collapsed in a dramatic fashion a year earlier.

A jury found Terraform Labs and its former CEO, Do Kwon, liable for fraud on Friday.

The Supreme Court of Montenegro has overturned earlier rulings regarding the extradition of Terraform Labs co-founder Do Kwon and has ordered a new review of the case on April 5. The decision calls for the High Court in Podgorica to re-examine the extradition requests it previously addressed in an expedited manner.

NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app.

The civil trial between the U.S. Securities and Exchange Commission and Terraform Labs entered its tenth day without the attendance of Do Kwon.

The legal battle surrounding Do Kwon, co-founder of Terraform Labs, has taken another turn, with Montenegro's Supreme Court having thrown a wrench into the extradition process, cancelling a lower court's decision to send the beleaguered co-founder to South Korea. What Happened: The crux of the issue lies in a procedural error.

The trial procedures on civil fraud against Terraform Labs and its founder Do Kwon are coming to an end as attorneys are gearing up to deliver their closing arguments. The trial initiated and proceeded by the U.S.

A lower court ruling about the extradition of the co-founder of Terraform Labs, Do Kwon, has been reversed by the Supreme Court of Montenegro. The decision was made following the prosecutors' appeal of the appellate court's rejection of Kwon's legal team's appeal.

Terra Classic has recently exhibited an upward momentum, catching the eye of investors and traders. In the last several weeks, the cryptocurrency has shown robust bullish signals and an impressive annual growth of 8.76%, signaling a surge in investor confidence.

In the latest Montenegro Supreme State Prosecutor's Office's announcement, the legal proceedings concerning the extradition of Terraform Labs' former CEO, Do Kwon, will revert to the first trial court.

The Supreme Court of Montenegro overturned a decision made by the lower courts concerning the extradition of Do Kwon.

The High Court in Podgorica could decide whether the Terraform co-founder is sent to the United States or his native South Korea to face criminal charges.

Terraform Labs is set to deliver their final arguments in a civil fraud trial accused of defrauding investors with the TerraUSD stablecoin, which led to $40 billion in losses and wider crypto market havoc in 2022.

Another twist in the extradition saga of Terraform Labs founder Do Kwon revealed that the forgery convict will not return to his native South Korea just yet.

The U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs (Terra) and co-founder Do Kwon approaching the end of the jury trial. Defense attorneys from the world's largest global law firm Dentons are going to give final arguments in the federal court today.

Attorneys for Terraform Labs and its founder Do Kwon are expected to give closing arguments on Friday at a trial on claims that Terraform and Kwon defrauded investors before the collapse of their stablecoin shocked cryptocurrency markets in 2022.

Terra Classic Price: The Terra Classic (LUNC) recovery trend fails as the recent reversal from the dynamic resistance of the 20-day EMA aligns with the broader market sell-off. However, with the LUNC price sustaining above the 200-day EMA and the ascending support trendline, the altcoin projects a potential bounce back in the near future.

Brian Curran, Terraform Labs‘ former head of communications, provided a compelling testimony in a New York City federal court. He detailed his challenging experiences at the company, which led to significant frustration and anger.

Witnessed by crypto enthusiasts far and wide, Binance's latest token burn extravaganza has set a new standard for the industry. With over 56 billion tokens consigned to the flames since its inception, Binance reaffirms its position as a beacon of support for the Terra Luna Classic community.

In a testimony at a New York City federal court, Brian Curran, the former head of communications at Terraform Labs, disclosed the company's misleading practices. His statements contribute to the ongoing legal scrutiny following the collapse of TerraUSD in 2022.

In a significant development for the cryptocurrency market, Binance, the world's largest crypto exchange, has announced the burning of 4.17 billion Terra Luna Classic (LUNC) tokens. This move underscores Binance's commitment to bolstering the Terra Luna Classic ecosystem and marks a milestone in the ongoing evolution of the crypto industry.