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Do Kwon
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CryptoCurrency
Do Kwon’s Extradition Hits a Roadblock as Montenegro Court Hits Pause
2024-08-09T09:49:53.217+02:00
The extradition to South Korea is postponed as the court examines procedural issues.
US charges him with fraud while South Korean charges are unknown.
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CryptoCurrency
Do Kwon Will Be Extradited to South Korea: Montenegro Court Rejects the US’s Bid
2024-08-02T06:39:06.572+02:00
The appeals court has upheld the previous ruling by a lower court.
South Korea did not officially process any charges against him.
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CryptoCurrency
SEC Settles with Terraform Labs and Do Kwon for $4.5 Billion
2024-06-13T07:14:02.056+02:00
The agreement deal is yet to receive the approval of a judge.
Initially, the SEC proposed to receive $5.3 billion, but the defendants’ lawyers countered it with $1 million.
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Do Kwon and Terraform Labs Reach Settlement with SEC in Civil Fraud Case: Report
2024-05-30T19:23:03.145+02:00
US District Judge Jed Rakoff of Manhattan has requested supporting documents from both parties by June 12.
In April, a jury found Kwon and Terraform Labs liable for civil fraud charges.
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CryptoCurrency
Do Kwon's Extradition Case Sent Back to High Court after Appeal: Report
2024-05-24T21:06:15.432+02:00
The initial ruling that allowed Kwon's extradition was found to lack decisive facts and valid reasons.
The High Court must now ensure that his consent to extradition is voluntary, informed, and irrevocable.
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CryptoCurrency
SEC Seeks a Total of $5.3 Billion from Terraform Labs and Do Kwon
2024-04-23T09:43:09.824+02:00
The funds are sought in the form of recovery and civil penalties.
Earlier, the US court ruled that Terraform and Kwon are liable for fraud in the case brought by the SEC.
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CryptoCurrency
Terraform Labs’ Do Kwon Released from Montenegro Prison
2024-03-25T07:08:38.472+02:00
His release came as the country's top court squashed his extradition to South Korea.
However, the Montenegro authorities held back his passport, preventing him from traveling outside the country.
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CryptoCurrency
Extradition of Terraform Labs’ Do Kwon to South Korea Stalls
2024-03-22T10:00:53.607+02:00
The top prosecutor of Montenegro challenged the authority of the High Court in Kwon’s case.
The case is not likely to move to the country’s Supreme Court.
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CryptoCurrency
Terraform Labs’ Do Kwon Lost Appeal against South Korea Extradition
2024-03-21T07:11:08.937+02:00
The appeals court in Montenegro upheld the earlier decision to extradite Kwon to South Korea.
He is expected to face “several criminal charges” in South Korea.
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CryptoCurrency
Do Kwon's Fate Sealed: Montenegrin Court Rules for South Korean Extradition
2024-03-07T19:44:31.759+02:00
The High Court ruled to extradite Kwon to the US following the appeals court's reversal.
Meanwhile, the US SEC sought summary judgment against Kwon and Terraform Labs.
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CryptoCurrency
Do Kwon Faces Extradition to the US Following Latest Court Ruling in Montenegro
2024-02-21T21:31:23.085+02:00
Kwon stands accused of criminal charges in the US related to the collapse of Terraform Labs.
Montenegrin authorities have emphasized the political significance of his extradition to the US.
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CryptoCurrency
Terraform Labs’ Former CFO Extradited to South Korea to Face Criminal Charges
2024-02-05T20:37:17.055+02:00
Han Chang-joon and Do Kwon face charges for falsified documents in Montenegro.
Montenegro's court of appeals will decide on Kwon's extradition appeal.
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CryptoCurrency
Do Kwon’s Extradition Put on Hold Due to Procedural Error
2023-12-19T15:11:42.776+02:00
The US and South Korea are seeking Kwon's extradition following the collapse of Terraform Labs.
The Co-Founder of Terraform Labs allegedly did not get a chance to present his stance on the matter.
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CryptoCurrency
Do Kwon and Terraform Labs Face Escalating Troubles: Class Action Advances in Singapore
2023-12-01T15:45:13.928+02:00
Terraform Labs is grappling with a major legal battle over the collapse of the UST token.
A class action representing more than 300 parties was filed in September last year.
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News
Montenegro Court Nods to Extradition: Do Kwon's Future Hangs in the Balance
2023-11-24T14:40:54.165+02:00
The High Court disclosed that he has opted for an expedited extradition to South Korea.
A minister will decide whether to hand him over to South Korea or the United States.
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Terraform Labs' Do Kwon Denied Appeal in Passport Fraud Case
2023-11-17T21:38:47.446+02:00
Kwon faces extradition to the US or South Korea.
He has been in custody since his arrest in March.
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CryptoCurrency
SEC Pushes for Summary Judgment: Alleging Do Kwon and Terraform Sold Securities
2023-11-03T15:41:11.064+02:00
In response, the defense team has asserted that the SEC has failed to prove that they were offering securities.
Kwon was arrested in March in Montenegro with forged documents.
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Do Kwon Fights Back: Opposes SEC's Terraform Labs Probe
2023-09-28T16:14:21.008+02:00
Kwon's lawyers argue that bringing him to the US for questioning is impossible.
The SEC seeks to interview Kwon regarding the collapse of TerraUSD stablecoin.
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Terra’s Website Compromised: Users Advised to Steer Clear of Phishing Scam
2023-08-21T18:56:36.079+02:00
The blockchain's developers have urged users to use the official communication channels.
Scammers have reportedly mimicked the official site, tricking users into revealing sensitive information.
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CryptoCurrency
South Korea Introduces Special Unit to Combat Illegal Crypto Activities
2023-07-26T10:32:46.962+02:00
The unit is expected to protect investors in the country.
Crypto-related crimes have increased by nearly 120% in South Korea.
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CryptoCurrency
Terraform Labs’ Do Kwon Sentenced to 4 Months in Jail over Document Forgery
2023-06-19T17:16:50.038+02:00
Kwon and CFO Han Chong-Joon were arrested in Montenegro in March.
Kwon's firm is behind the Terra-LUNA ecosystem that crumbled last year, wiping out over $40B.
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CryptoCurrency
Montenegrin Court Reinstates Do Kwon's Bail; Dismisses Prosecutor's Appeal
2023-06-05T22:06:59.356+02:00
Kwon and his co-accused Han will pay 400,000 euros (US$428,241) in bail money.
The next court hearing is set for June 16.
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CryptoCurrency
Terra Founder Do Kwon Arrested in Montenegro, Interior Minister Says
2023-03-23T22:13:21.470+02:00
Do Kwon's whereabouts had been unknown for many months.
The Terra LUNA collapse wiped out $40 billion from the ecosystem.
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