SHOCKING: 2 - What They Never Told You

The SEC hits crypto firm with $4.5 billion penalty—but no one is going to pay it

A billion dollar settlement between the SEC and TerraForm labs means headlines but no real help for victims of the scam.

Fortune · Jun 13, 2024

Collapsed Terraform, Do Kwon Agree To Pay $4.5B To Settle SEC Case

Do Kwon, the founder of the crypto empire that shook the digital assets industry when it collapsed in 2022, will pay to settle a fraud case filed by the U.S. SEC in relation to the crash of the Terra and Luna stablecoins.

International Business Times · Jun 13, 2024

Montenegro Court Rejects Extradition Order For Crypto Tycoon

A Montenegro appeals court on Friday reversed an order to extradite cryptocurrency entrepreneur Do Kwon to South Korea -- where he is wanted over the multi-billion-dollar collapse of the Terraform Labs company.

International Business Times · May 24, 2024

Terra's Do Kwon 'Likely' To Be Extradited To South Korea

After more than a year in efforts to get Do Kwon to face charges in his home country, South Korea may finally get a hold of the fallen crypto mogul following an appeals court decision that overturned his extradition to the U.S.

International Business Times · Mar 8, 2024

Montenegro Court Rules To Extradite Cryptocurrency Mogul To South Korea

Montenegrin court decides to extradite Terraform Labs figure to South Korea amidst legal disputes over billion cryptocurrency crash.

Top News · Mar 7, 2024

Terraform Slams 'Government Overreach' In SEC's Bid To Push Out Dentons From Case

Terraform on Tuesday has called out the SEC's bid to get Dentons out of its case against the blockchain firm, saying the regulator was using an "unprincipled strategy."

International Business Times · Mar 6, 2024

Terra's Do Kwon Wins Appeal Against US Extradition

Do Kwon's much-anticipated extradition has been delayed as a Montenegro appeals court revoked an earlier court decision to allow for his transfer to the United States.

International Business Times · Mar 6, 2024

SEC Challenges Terraform Labs' 'Suspicious' Dentons Legal Fees

The SEC filed a securities fraud lawsuit against Terraform Labs and its former CEO Do Kwon in 2022, and ahead of the trial, the regulator wants the court to block the bankrupt blockchain firm from hiring law firm Dentons.

International Business Times · Mar 1, 2024

Montenegro Court Approves Extradition Of Do Kwon To US

Montenegro court approves extradition of Do Kwon, Terraform Labs founder, to the US over crypto-related charges. Case raises concerns in the crypto community.

Top News · Feb 21, 2024

Terraform Labs Says Bankruptcy Filing 'Critical' In Its SEC Lawsuit Appeal

Terraform Labs, the blockchain firm behind the TerraUSD (UST), said Tuesday that its Chapter 11 bankruptcy filing would also help keep the Terra network's operations rolling.

International Business Times · Jan 31, 2024