What is happening around Terraform Labs and Do Kwon now?
The Terraform Labs and UST crisis triggered a market crash, costing investors billions.
Keep up with what's happening in the crypto world in real-time.
The Terraform Labs and UST crisis triggered a market crash, costing investors billions.
Terra Luna Classic is all set for another major chain upgrade as the community has unanimously approved the proposal, receiving major support from validators. Terra Classic v2.4.2 upgrade to primarily introduce IBC-Hooks that will enable onboarding of dApps on the Terra Luna Classic, with mostly notably Enterprise DAO.
US authorities are seeking to challenge the recent verdict by the Montenegrin high court, which ordered the extradition of Do Kwon to South Korea rather than the United States. US prosecutors want Kwon extradited and to face prosecution for his role in the 2022 collapse of the Terra Luna ecosystem.
The Terra Luna Classic community gave the thumbs up to developer Genuine Labs' proposal for big updates to enhance security, features, and how well it works with other systems. Genuine Labs' upgrade package focuses on making Wasmd, IBC Go, and Cosmos SDK better and more efficient.
The Terra Luna Classic community has approved developer Genuine Labs' proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK.
In a recent development, a group of South Korean investors affected by the Terra-Luna collapse has voiced their preference for Terraform Labs co-founder Do Kwon's extradition to the United States rather than South Korea. This comes after a Montenegro high court decided to extradite Kwon to South Korea.
South Korea has expressed readiness to take necessary steps in conjunction with Montenegrin authorities to secure Kwon's extradition.
Former Terraform Labs CEO Do Kwon is set to be extradited to South Korea following a ruling from the High Court of Montenegro.
The Justice Department's resolve comes as an appeals court overturned a previous ruling by a high court to extradite the former Terraform Labs CEO to the US.
The Terra Luna Classic community has started voting on the blockchain's next big update after the last year's major parity upgrade. Terra Classic v2.4.2 upgrade to primarily introduce IBC-Hooks that will enable onboarding of dApps on the Terra Luna Classic, with mostly notably Enterprise DAO.
Will Do Kwon's extradition to South Korea be the end of his legal battle?
Despite Montenegro's High Court ruling for Do Kwon's extradition to South Korea, the U.S. is not backing down.
The jurisdictional tug-of-war between U.S. and South Korean prosecutors over Terra founder Do Kwon continues to drag on.
Over the past few days, events in the case of the extradition of Terraform Labs founder Do Kwon have moved into overdrive. Following a ruling by the Supreme Court of Montenegro favoring his extradition to South Korea, the United States is continuing to press on with its efforts to secure Kwon's extradition.
US Prosecutors are aiming to continue seeking the extradition of the Terraform Labs Co-founder, Do Kwon, in spite of Montenegro's High Court ruling of handing him over to South Korea to face charges over the $40 billion TerraUSD stablecoin collapse that had taken place in the year 2022.
According to local reports, a court ruling in Montenegro on Thursday declared that Do Kwon, co-founder of Terraform Labs, will be extradited to South Korea.
The South Korean investor community urged authorities to send the Terraform Labs co-founder to the US for 'heavier punishment.'
The United States prosecutors are set to contest the latest Montenegrin high court ruling favoring Do Kwon's extradition to South Korea, prolonging the legal battle over the Terraform Labs co-founder's fate.
U.S. prosecutors have declared their intention to appeal a recent decision by a Montenegrin high court regarding the extradition of Do Kwon, the former CEO of Terraform Labs, to South Korea.
The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.
Despite Montenegro's High Court ruling to extradite former cryptocurrency mogul Do Kwon to his home country of South Korea, prosecutors in the US remain committed to pursuing his extradition. The disgraced Terra founder Do Kwon faces charges related to the $40 billion collapse of the TerraUSD stablecoin in 2022.
US DOJ said it will continue to pursue the extradition of Terraform Labs co-founder Do Kwon from Montenegro, according to Bloomberg.
Do Kwon, the brains behind Terraform Labs, is on the verge of being sent back to South Korea from Montenegro after an important court decision slated for after March 23. This revelation came from Kwon's lawyer in a discussion with media outlets.
South Korea intensifies efforts to extradite Terraform Labs CEO Do Kwon by seeking INTERPOL's cooperation after a Montenegrin court rejects U.S. extradition.