Tag: terraform labs

terraform labs

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A federal court in the Southern District of New York [YONHDAP]

Korean crypto mogul Kwon Do-hyeong to stand trial on fraud charges in U.S. in 2026

Korean crypto mogul Kwon Do-hyeong will stand trial on criminal fraud charges in the United States in January next year as he was extradited from Montenegro to face the charges late last month, according to Bloomberg.

2025.1.9

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington D.C. in 2021. [REUTERS]

U.S. court approves bankruptcy wind-down for Terraform Labs

Terraform Labs, the platform behind the collapsed stablecoin TerraUSD, has been approved by a U.S. court to wind down operations in bankruptcy on Thursday after agreeing to a $4.47 billion settlement with the U.S. Securities and Exchange Commission.

2024.9.20

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Montenegro's prime minister, Milojko Spajic, speaks at a press conference during a summit of leaders of the Western Balkans and the European Union in Montenegro on May 16. [REUTERS/YONHAP]

Montenegrin prime minister found to have invested in Do Kown's cryptocurrency

Montenegro's prime minister, Milojko Spajic, was found to have invested in Terraform Labs' Luna cryptocurrency, rekindling interest in his ties to Do Kwon.

2024.6.19

Do Kwon being taken to court in handcuffs, to face charges of forging official documents, in Montenegro. [REUTERS/YONHAP]

Do Kwon, Terraform agree to pay $4.47 billion to settle crypto collapse lawsuit

The disgraced founder of Terraform Labs, behind TerraUSD and Luna, agreed to settle the lawsuit brought by the U.S. SEC over the collapse of the cryptocurrencies.

2024.6.13

Police officers escort Terraform Labs co-founder Do Kwon after he served a sentence for document forgery, in Podgorica, Montenegro, March 23, 2024. [REUTERS/YONHAP]

Terraform Labs and founder challenge SEC's $5.3 billion fine

Lawyers representing crypto company Terraform Labs and its disgraced founder Do Kwon demanded a reduced fine from the U.S. Securities and Exchange Commission (SEC), which proposed a $5.3 billion fine over the crash of TerraUSD and Luna coins in 2022.

2024.4.30

Montenegrin police officers escort Terraform Labs founder Do Kwon in Montenegro's capital Podgorica on March 23. [AP/YONHAP]

Do Kwon's extradition to Korea nixed by Montenegro's top court

The Supreme Court of Montenegro scrapped the extradition of Terraform Labs founder Do Kwon to his home country of Korea.

2024.4.7

Korean cryptocurrency entrepreneur, co-founder of Terraform Labs (Terra Luna), Do Kwon, is taken to court in Podgorica on June 16, 2023, following his arrest on March 24 at the Montenegrin capital's international airport. [AFP/YONHAP]

Terra founder Do Kwon faces U.S. extradition by mid-March, lawyer says

Terraform Labs co-founder Do Kwon could be extradited to the United States by March to face charges of fraud.

2024.1.15

Do Kwon, the cryptocurrency entrepreneur who created the failed Terra (UST) stablecoin, is taken to court in Podgorica, Montenegro, on March 24, 2023. [REUTERS/YONHAP]

Montenegro plans to extradite crypto fraudster Do Kwon

Montenegro plans to extradite disgraced cryptocurrency entrepreneur Do Kwon to the United States to face criminal charges. Kwon, co-founder of Terraform Labs, was arrested in March after the crash of TerraUSD and Luna.

2023.12.8

Do Kwon is being transferred to a court in Podgorica, Montenegro, for trial on passport forgery charges Friday. [VIJESTI]

Do Kwon given 4 months in prison by Montenegrin court

Terraform Labs co-founder Do Kwon was sentenced to four months in prison by a Montenegrin court for passport forgery. The Basic Court in Podgorica announced it handed four-month prison terms to both. They denied the charges during previous hearings.

2023.6.20

Police officers escort crypto company Terraform Labs founder Do Kwon, center, in Podgorica, Montenegro, Thursday. [EPA/YONHAP]

Mastermind behind crypto crash requests bail at $440,000

Do Kwon's lawyers sought his bail in Montenegro for around $440,000 after he pleaded not guilty in court.

2023.5.12