Keep up with what's happening in the crypto world in real-time.
All Filters (1)
The legal saga surrounding Terraform Labs co-founder Do Kwon is taking another pivotal turn as the US Securities and Exchange Commission (SEC) prepares to commence its civil trial against him on March 25, despite his likely absence due to extradition delays from Montenegro.
According to Reuters , Terraform Labs founder Do Kwon will likely miss the start of his trial on March 25 because of delays in his extradition from Montenegro. Kwon's lawyer, David Patton, confirmed this information and stated that Kwon does not plan to request a postponement for the trial date.
The uncertainty around Do Kwon's extradition to the US continues as the Public Information Officer of the Podgorica High Court highlights key reasons that may result in the delay.
Amidst mounting legal battles, Terraform Labs Co-Founder Do Kwon faces uncertainty regarding his upcoming civil trial, scheduled for March 25. Recent developments, including the High Court of Podgorica's ruling on Kwon's extradition, have brought his potential absence on the trial's initial day into focus.
The crypto entrepreneur Do Kwon, best known for his failed algorithmic stablecoin, will likely skip the beginning of a civil trial on U.S. Securities and Exchange Commission (SEC) fraud charges.
Co-founder of Terraform Labs, Do Kwon, is facing potential delays in the extradition process from Montenegro, which has raised about his presence at the upcoming civil trial in the USA against the US Securities and Exchange Commission, scheduled to begin on March 25, 2024.
The Terra Classic community has voted in favor of a proposal to burn 800 million USTC through contract migration, marking a pivotal governance decision.
As the altcoin season warms up with the crypto market crossing the $2Trillion mark, the Terra coins are ready for a comeback. Following the recent bounce back, the Terra tokens underwent a consolidation phase and are now preparing a new bull run.
Complications in Do Kwon's extradition from Montenegro could reportedly result in him missing the start of his alleged fraud trial by the SEC next month.
Terra co-founder Do Kwon will likely miss the start of the SEC trial on fraud charges amidst the delay in his extradition, Reuters reported.
The cryptocurrency entrepreneur Do Kwon will likely miss at least the start of a scheduled March 25 trial on U.S. Securities and Exchange Commission fraud charges because of a delay in extraditing him from Montenegro, his lawyer said on Monday.
The legal saga surrounding Terraform Labs founder Do Kwon may see yet another twist.
The developer collective overseeing the Cosmos blockchain has put forth a substantial proposal aimed at enhancing the Terra Luna Classic chain's capabilities.
The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
Cosmos blockchain developer group has announced a major upgrade proposal to enhance the functionality and interoperability of the Terra Luna Classic chain. Genuine Labs' security upgrade packages include strategic upgrades to Cosmos SDK, Ibc go, and Wasmd, improving and optimizing the components.
In a thrilling plot twist witnessed around Terra founder Do Kwon's legal chronicle, the high court of Podgorica, Monetgro's capital, recently cast a shadow on the extradition of the Terra founder to the United States, stating that this decision might be overturned again. This comes despite the court's recent decision to extradite Kwon Do-hyung, birthing
LUNC News: Terra Luna Classic proposal to burn 800 million USTC is passed by the community, enabling the community to proceed with the burn after much debate. USTC price has skyrocketed 25% today, but pared some gains in the last few hours.
LUNC News: The Terra Luna Classic community has rejected a major Tax2Gas proposal after the community members and validators reached an impasse, citing earlier pay-per-job and KYC proposals as reasons. While they admit the proposal benefits LUNC revival and USTC repeg to $1, it faced major headwinds.
The recent 2% surge in Terra Classic price reflects a pivotal moment for the community following the approval of Proposal 12071. LUNC rose by 2% to $0.000121, while USTC jumped over 2% to $0.03 in the past 24 hours.
The court has established crucial pretrial deadlines and procedures in a significant development in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs, along with its co-founder, Do Kwon.
Do Kwon's extradition to the U.S. was decided on Feb. 21, but his attorneys are not surrendering arguments against the decision by a Montenegro High court.
Co-founder Do Kwon of Terraform Labs is set to relocate to the United States amidst allegations of fraud related to significant losses suffered by American investors associated with an algorithmic stablecoin.
The presiding judge in a lawsuit playing out in the U.S. District Court for the Southern District of New York between the Securities and Exchange Commission and Terraform Labs — creator of the ill-fated UST and Luna cryptocurrencies — is progressing with new pretrial deadlines that have been set.
The legal hassle of Do Kwon, Terraform Labs' ex-CEO, has now taken a new twist as his defense promises to fight a recent court ruling in Montenegro. This ruling that supports his extradition to the United States rather than to South Korea has triggered common legal warfare.
