The extradition of Terra co-founder Do Kwon has been accepted by a higher court in Montenegro, according to people with knowledge of the situation. Do Kwon and Han Chang-joon, former executives of Terraform Labs, were each given a four-month jail term in a passport falsification case, and their appeal was
In its action against Do Kwon and Terraform Labs, the United States SEC has argued that there is “no genuine dispute as to any material fact” and so has asked a federal court for a summary judgement. The SEC’s brief restates the agency’s contention that Kwon and Terraform offered securities,
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,
To prosecute its fraud case against Terraform Labs and its founder, Do Kwon, a New York federal court has ruled that the U.S SEC may proceed with the case. Nonetheless, the court let the securities regulator go forward, contradicting a prior finding by colleague Judge Analisa Torres, who found that
A platform with the stated goal of “deanonymizing the blockchain” has approved its first input, which details wallet addresses associated with Terraform Labs and its co-founder, Do Kwon. On July 24, Arkham Intel Exchange announced that it had accepted a submission from two “on-chain sleuths.” For which a bounty of
Prosecutors in Switzerland were urged by the US Securities and Exchange Commission (SEC) and the New York Federal Prosecutors Office to seize cryptocurrency and fiat cash held by digital asset bank Sygnum on behalf of Terraform Labs and its co-founder Do Kwon. Dentons, the elite legal firm representing Terraform Labs
On Monday, the Basic Court of Montenegro decided in favor of the prosecution in the passport falsification case, convicting Terra co-founder Do Kwon and former CFO Han Chang-joon. Within the next six months, Montenegrin officials will have completed their investigation and legal process necessary to extradite Terra co-founder Do Kwon
Terraform Labs founder, Do Kwon, firmly denied allegations of forging travel documentation and distanced himself from any financial connections with Europe Now party leader, Milojko Spajić, during a Montenegro court hearing. Kwon attributed the alleged passport forgery to a Chinese-named agency. According to a report by South Korean news outlet
According to those acquainted with the case, the Montenegro High Court has granted bail to Terra co-founder Do Kwon and former CFO Han Chang-joon. The High Court judge who oversaw the probe also determined that South Korean nationals who were being held for possible extradition to South Korea would stay
