Montenegrin PM among early investors in Do Kwon’s Terra (LUNA): Report
Spajic was among the early investors who invested in the firm just days before its formation. Terraform Labs LTD was registered in Singapore on April 23, 2018. Go to Source
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US judge approves Terraform’s $4.5B settlement with SEC
A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC. Go to Source
Terraform Labs ends operations, Terra community takes over
Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community. Go to Source
BREAKING: Terraform to pay $4.47B to resolve SEC civil lawsuit
The settlement would resolve a civil lawsuit filed by the Securities and Exchange Commission following Terraform’s collapse in 2022. Go to Source
Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic stablecoin. According to a court filing, the settlement terms are currently undisclosed and the alleged … Read more
Terraform, Do Kwon to reach fraud settlement with SEC
Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June. Go to Source
Do Kwon’s extradition to go back to Montenegro High Court after appeal
Since his arrest in March 2023, Do Kwon has been in Montenegro. He could be extradited to either his native South Korea or the United States to face fraud charges. Go to Source
Montenegro Court Blocks Do Kwon’s Extradition to South Korea
A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and the U.S. have sought his extradition on fraud … Read more
Montenegrin Justice Minister discussed Do Kwon’s case with SEC
The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. or South Korea. Go to Source
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million. Go to Source
