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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

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

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

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Montenegro's Top Court Overturns Decision On 'Cryptocurrency King' Extradition

Montenegro's top court overturns extradition ruling for 'cryptocurrency king' Do Kwon, facing fraud charges in the U.S.

Top News

Terraform Labs' Do Kwon Goes From Prison To Shelter, Lawyer Decries 'Illegal' Transfer

Disgraced crypto magnate Do Kwon was released from Montenegrin detention, but he was reportedly transferred to a foreigners' center, a move that his attorney called "illegal."

International Business Times

US Gains Chance In Do Kwon Case After Montenegro Challenges S. Korea Extradition

The U.S. may now have a chance to prosecute notorious crypto figure Do Kwon in the country after the Montenegrin Supreme State Prosecutor's Office questioned the legal proceedings conducted to allow for Kwon's extradition to South Korea.

International Business Times

Terra's Do Kwon Loses Bid To Stay In Montenegro, Court Confirms South Korea Extradition

The Montenegrin appeals court has rejected Do Kwon's attempt to block his South Korea extradition, making his home country one step closer to finally prosecuting the fallen crypto magnate.

International Business Times

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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

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

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

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

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

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

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

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International Business Times

Judge Delays SEC's Landmark Case Against Kwon Until March; No Additional Adjournment Requests Will Be Considered

Earlier this week, the SEC agreed to postpone the civil litigation involving Kwon, which is strategically aimed at facilitating Kwon's extradition, thereby ensuring his presence during the trial.

International Business Times

Awaiting Do Kwon: SEC Agrees To Delay TFL CEO's $40B Crypto Fraud Case Trial

Do Kwon could be in the U.S. by mid-March to attend the trial in the $40 billion crypto fraud case.

Top News

US SEC Open to Delaying Terraform Labs Trial for Extradition

Learn about the latest development in the Terraform Labs trial as the US SEC expresses its willingness to delay the trial for Do Kwon's extradition. Stay i...

International Business Times

Terraform Labs' Do Kwon Seeks U.S. Trial Adjournment Amidst Montenegro Extradition Setbacks

The delay in Mr. Kwon's extradition proceedings in Montenegro was a direct result of an appeal made by his legal team, which successfully gained the court's approval.

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Fortune

Here are the biggest crypto stories of 2023

In 2023, crypto industry onlookers were shocked by high-profile arrests and Sam Bankman-Fried’s trial but also given hope by a flurry of spot Bitcoin ETF applications and rebounding prices.

International Business Times

Do Kwon, Terraform Labs Win In Court But SEC Secures Victory In Securities Ruling

Judge Jed Rakoff of the U.S. District Court for the Southern District of New York has granted summary judgment over the SEC's claim that Terraform Labs, the blockchain firm co-founded by Kwon, offered unregistered securities and security-based swaps.

Fortune

Judge rules Terra ‘stablecoin’ and other tokens are securities in victory for the SEC and departure from Ripple case

The doomed crypto project created by Do Kwon still faces fraud-related charges.

PC Gamer

2023 in crypto and web3: Scams, collapses, and finally some consequences

Et tu, Mutant Ape Planet?

Fortune

Fortune Crypto’s 2023 Jealousy List

Fortune Crypto picks the team’s favorite non-Fortune stories of 2023.

International Business Times

Judge Approves Protective Order In SEC Vs Terraform Labs Case, Court Filings To Stay Confidential

The SEC and Terraform Labs have agreed to the terms approved by the court, requiring both parties to not disclose materials marked as confidential. All discovery filings marked as confidential should also be sealed.

International Business Times

Extradition Revoked: Do Kwon Of Terraform Labs Stays In Montenegro Pending Appeal

Prior to Kwon's extradition appeal, a report alleged that Montenegro's Justice Minister, Andrej Milovic, had already made the decision to send Kwon to the U.S. before it was publicly announced.

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