Mon, December 23

Montenegro Court Once Again Grants Bail to Terra’s Do Kwon

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

June 3, 2023 1 min read

Do Kwon Hires Services of Prominent Law Firm Dentons for U.S Lawsuit

Reportedly facing indictment and investigation by US federal authorities, Terra co-founder Do Kwon has retained the services of one the biggest legal firm in the world, Dentons. Do Kwon has been represented by Dentons before. Many times he sought legal counsel from Dentons to fight subpoenas and lawsuits. The bail

May 29, 2023 2 mins read

Montenegro Court Cancels Bail of Do Kwon Post Prosecutors Appeal

The bail of crypto entrepreneur Do Kwon and his colleague Han Chang-Joon was recently revoked by the Montenegro High Court, according to recent sources. The judgement was reached when the local prosecution team challenged the bail, claiming the accused were going to leave Montenegro for another nation. Prosecutor Haris Sabotic

May 24, 2023 1 min read

Montenegro State Prosecutor Files Petition Over Do Kwon’s Bail Approval

The bail clearance of prominent crypto entrepreneur Do Kwon and his colleague Han Chang-Joon has reportedly been challenged. This has been done at the basic court of Montenegro by the local prosecution team. Kwon’s legal team successfully petitioned the court for bail in the amount of almost 400k Euros (437k

May 19, 2023 1 min read

Binance to Support Terra Classic Major Upgrade, Will It Impact LUNC Price?

Binance, the world’s largest cryptocurrency exchange, will support the “Terra Classic (LUNC) V2.0.1” network upgrade. As the cryptocurrency exchange will halt deposits and withdrawals of LUNC and USTC. According to an official announcement on May 17, Binance would support the Terra Classic V2.0.1 network upgrade. That is scheduled to take

May 17, 2023 2 mins read

Lawsuit Filed Against Jump Trading Over Terra’s UST Price Manipulation

A new class action lawsuit has been filed against Jump Trading, alleging that the company manipulated the price of the algorithmic stablecoin UST by buying large amounts of the token in an effort to drive its value closer to $1 while concealing this fact from investors. According to the class

May 12, 2023 1 min read

Terraform Lab’s Do Kwon Enters Not-guilty Plea in Montenegro Court

After being detained on an international warrant and accused of traveling with phony papers, controversial crypto entrepreneur Do Kwon filed a not-guilty plea in a Montenegrin court. The 31-year-old CEO of Terraform Labs and the company’s ex-CFO, Han Chang-joon, were arrested in March at the airport in Podgorica, Montenegro’s capital,

May 11, 2023 1 min read

South Korean Prosecutors Confident of Do Kwon’s Extradition to S.Korea

On Friday, South Korean prosecutors called for the extradition of Terra’s creator, Do Kwon, who is now on trial in Montenegro. Having spent more time on the investigation and gathering of evidence than the United States, prosecutors are in the strongest position to seek justice for victims who lost about

May 5, 2023 1 min read

Terra Classic (LUNC) Not a Security as Per South Korean Court Ruling

The South Korean Court has decided that Terra Classic (LUNC), the rebranded native token of the Terra network that spectacularly collapsed last year, is not a security. Apparently, the Seoul Southern District Court found once again on February 16 that “it is difficult to see LUNC as a financial investment

April 24, 2023 2 mins read

South Korean Court Says Terraform Labs’ Luna Token Not a Security

The decision by a South Korean district court that Terraform Labs’ native token, luna, is not a security has significant implications for the company and the wider cryptocurrency industry. The ruling comes after previous court discussions where authorities were on the fence about whether the Capital Markets Act applied to

April 24, 2023 2 mins read