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“Do Kwon in US Custody, South Korean President Impeached: Legal Analysis”
In recent developments surrounding the high-profile case of Do Kwon, co-founder of Terraform Labs, significant legal maneuvers have occurred that have implications not only for Kwon himself but also for the broader cryptocurrency industry. Kwon, who rose to prominence through the establishment of the Terra blockchain and the associated stablecoin TerraUSD (UST), has been at…
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Court Filing Reveals Do Kwon’s Victims May Exceed One Million
The recent developments surrounding Terraform Labs and its co-founder have significant implications for the cryptocurrency and financial technology sectors. The co-founder, whose identity has been a focal point in various media outlets, is currently in custody in the United States after pleading not guilty to a series of serious allegations. Specifically, he faces nine felony…
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Kwon’s New Indictment Features Money Laundering Charge
The evolution of regulatory scrutiny in the blockchain and cryptocurrency domain has been marked by notable developments in recent years. One such pivotal moment arose in 2023 when the co-founder of Terraform Labs was indicted on multiple felony charges. This legal action not only amplifies the conversation around accountability in the crypto sector but also…
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Tai Mo Shan, a subsidiary of Jump Crypto, resolves SEC case for $123 million
Terra Ecosystem Collapse: Analyzing the Fallout and Regulatory Response The Terra ecosystem collapse has sent shockwaves through the cryptocurrency space, prompting Terraform Labs to make the difficult decision to shut down its operations in the wake of a settlement with the Securities and Exchange Commission (SEC). This development marks a significant turn of events for…
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SEC grants delay in Terra trial to accommodate Do Kwon’s presence at proceedings
The U.S. Securities and Exchange Commission (SEC) has recently decided to postpone its trial against Terraform Labs and its former top executive, as reported by Reuters on January 15th. The SEC justified this delay by stating that it is necessary to accommodate the attendance of Terraform Labs’ co-founder, Do Kwon. According to Reuters, Do Kwon…
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Appeals Court in Montenegro Reverses Extradition Decision for Do Kwon
The Montenegro Court of Appeal has recently made a significant decision regarding the extradition of Do Kwon, the co-founder of Terraform Labs. In a ruling on December 19, the court overturned the earlier decision made by the Podgorica High Court to extradite Kwon. This development, which was announced on the court’s official website, marks a…
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WSJ Reports: Do Kwon’s Extradition to the U.S. Imminent for Criminal Charges
Do Kwon, the co-founder and former CEO of Terraform Labs, is reportedly facing extradition to the U.S. to face criminal charges, according to sources cited by The Wall Street Journal on December 7. This comes after previous reports last month that Kwon could potentially be extradited to either the U.S. or South Korea, following a…
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SEC recommends court, not jury, should ascertain security status of Terra’s cryptocurrency assets
The U.S. Securities and Exchange Commission (SEC) has recently submitted a letter to Judge Jed Rakoff regarding the ongoing case against Terraform Labs. The SEC argues that the crypto assets involved in this case should be classified as securities under the legal definitions. Dated December 4, the letter provides a comprehensive outline of the regulator’s…
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Terraform Labs claims SEC’s alleged misrepresentations in DEBT box case as grounds for summary judgment
Terraform Labs Requests Summary Judgment in SEC Lawsuit, Citing Misrepresentations in DEBT Box Case Terraform Labs, a prominent blockchain company, has requested a summary judgment in the ongoing lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC). The request, made on December 4, 2023, argues that the SEC has misrepresented facts in…