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
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
Prosecutors have summoned Terra co-founders Daniel Shin and 7 others to court on several accusations as South Korea pursues the extradition of Terra co-founder Do Kwon from Montenegro. In the first trial in South Korea, a court heard charges of fraud, breach of duty, embezzlement, and violation of the Capital
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
In an exciting turn of events, Terra Classic (LUNC) has demonstrated remarkable resilience against building selling pressure, leading to a substantial recovery in its value. At the time of writing, the cryptocurrency experienced a notable surge, with LUNC trading up over 4% at $0.0000953. This surge also marks a significant
Terra Classic (LUNC) reawakens in trend and marks a change in its trajectory in the crypto market. Remarkably, the 30% surge by LUNC on Sunday initiated the community’s bullish hype. Besides this, the cryptocurrency attained the max peak in terms of its 24-hour trading volume in the past four months.
A lawyer for Terra co-founder Do Kwon and former CFO Han Chang-joon said on Friday that their bail request had been granted for a second time by the Montenegro Basic Court. Prosecutors in Montenegro have three days to file an appeal of the court’s decision. Montenegro Basic Court has once
