The High Court in Podgorica has made a historic ruling, rejecting South Korea’s plea for extradition and ordering the extradition of Do Kwon, the former CEO of Terraform Labs, to the United States. The court’s decision is the result of lengthy discussions about the extradition’s political and legal ramifications. Reports
A court in Montenegro has approved an appeal by Terra co-founder Do Kwon to deny extradition, sending the matter back to the initial place for a new trial and eventual conclusion. In a filing dated February 8, the Montenegrin Court of Appeals overturned an earlier ruling by the Montenegro High
The founder of Terraform Labs, Do Kwon, has recently appealed the extradition order made by the High Court of Podgorica in Montenegro. On December 6, Do Kwon’s contestation of the verdict was affirmed by the Montenegrin Court of Appeal. Kwon stated: “I do not accept the court’s decision to extradite
The founder of Terraform Labs, Do Kwon, and the company itself might be the targets of a class action lawsuit in Singapore after the High Court’s rejection of a motion to dismiss the case, according to Business Times’ report. Terraform’s legal team sought to have the case transferred to arbitration
Do Kwon, co-founder of Terraform Labs, has disputed the relevance of leaked Slack chats used as proof. Investor attraction via transaction manipulation was a topic of conversation between co-founder Daniel Shin and Do Kwon. A September 2019 Slack chat between the company’s co-founders was included in a court filing by
Do Kwon, Terra Labs’ founder, is in the middle of a legal dispute with the SEC. His extradition to the United States is a top priority for the SEC. By taking these measures, it hopes to open up dialogue about the catastrophic losses of the Terra ecosystem. Kwon’s lawyers, though,
The CEO of Ripple, Brad Garlinghouse, has a new lawyer representing him in the XRP litigation, which has been pending in the United States District Court. This action follows a recent application for permission to pursue an interlocutory appeal in the matter filed by the U.S. SEC. In a court
Several applications for Ether futures ETFs are expected to be approved simultaneously by the U.S SEC, according to WSJ, citing persons familiar with the subject. There has been a deluge of applications to the SEC since July, with some financial companies asking to combine futures Bitcoin and Ether strategies. The
Algorand (ALGO) hit a new all-time low of $0.09 yesterday, reflecting a general negative trend in the market according to statistics from CMC. Since breaking below the previous set level in June, the ALGO price has been trying to find a new support level. The token’s value, however, hit a
On Friday, Coinbase submitted a brief to the court hearing the SEC case against them, asking that the charges be dropped. The exchange contended in its brief that, contrary to decades of Supreme Court precedent, it does not provide investment contracts. This comes at a time when lawmakers and authorities
