by COINS NEWS - 1 day ago
submitted by /u/CryptoNerd_16 [link] [comments]
Cryptocoins News / Finance Magnates - 1 week ago
Do Kwon, the co-founder of the bankrupt Terraform Labs, pleaded not guilty to fraud charges brought against him by US prosecutors for his role in the $40 billion TerraUSD stablecoin collapse, according to Bloomberg.Another High-Profile Crypto TrialKw...
Cryptocoins News / Finance Magnates - 1 week ago
After 18 months of legal battles, Montenegro has approved the extradition of the disgraced crypto entrepreneur Do Kwon to the United States, where he faces fraud charges, local media publication Vijesti reported. In May 2022, the cryptocurrency marke...
Bitcoin News / Bitcoin.com - 1 week ago
Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon’s U.S. Extradition Approved Amid Fraud Charges Montene...
Cryptocoins News / Finance Magnates - 1 month ago
The Securities and Exchange Commission (SEC) collected a record $8.2 billion in recoveries and fines in fiscal year 2024, driven by its action against algorithmic stablecoin issuer Terraform Labs and its CEO, Do Kwon. The total remedies amount jumped...
Bitcoin News / Bitcoin.com - 3 months ago
Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing...
Bitcoin News / Bitcoinist - 4 months ago
Terraform Labs (TFL), the foundational entity behind the once-prominent ecosystem, has issued a significant alert for users of its Terra Classic platform. This comes in the wake of the historic collapse of its algorithmic stablecoin UST and its compa...
Bitcoin News / Bitcoin.com - 4 months ago
The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substa...
by COINS NEWS - 5 months ago
submitted by /u/miskinasde [link] [comments]
Bitcoin News / Bitcoin.com - 5 months ago
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a f...
Bitcoin News / Bitcoinist - 5 months ago
In a significant development in Terraform Labs’ (TFL) ongoing bankruptcy proceedings, a recent court order has authorized several key actions for the troubled crypto company. Terraform Labs, which was found liable for defrauding investors and...
Bitcoin News / Bitcoinist - 5 months ago
While the extradition of Do Kwon has not yet been decided in Montenegro, the spouse of Terraform Labs founder, Ms. Lee scored a major legal victory against the South Korean state. The court ruled that certain real estate shares and officetel subscrip...
Bitcoin News / Bitcoin.com - 6 months ago
Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform L...
Cryptocoins News / Finance Magnates - 6 months ago
Ripple Labs is leveraging the recent settlement of the Securities and Exchange Commission (SEC) with Terraform Labs to lower the proposed nearly $2 billion penalty against it to $10 million, a “notice of supplemental authority” posted yesterday (Thur...
Bitcoin News / Bitcoinist - 6 months ago
Terraform Labs (TFL), the blockchain company at the center of a protracted legal battle with the US Securities and Exchange Commission (SEC), has decided to dissolve its operations following a landmark settlement agreement. The settlement, amounting...
Cryptocoins News / CoinJournal - 6 months ago
Current CEO Chris Amani announced that Terraform Labs will wind down. Terraform Labs will sell its remaining assets to various digital asset management firms. More information about Terraform Labs’ dissolution and the distribution of its asset...
Bitcoin News / Bitcoin.com - 6 months ago
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settleme...
Bitcoin News / Google News Bitcoin - 6 months ago
Terraform Labs to Dissolve After SEC Settlement, CEO Announces – Bitcoin News& & Bitcoin.com News
Cryptocoins News / Finance Magnates - 6 months ago
Terraform Labs and its former CEO, Do Kwon, have agreed to pay about $4.5 billion in recovery and civil penalties to the Securities and Exchange Commission (SEC), thus striking a settlement agreement with the US regulator, according to a court filing...
by COINS NEWS - 6 months ago
submitted by /u/dAn_tHe_mAn7 [link] [comments]
Cryptocoins News / CoinJournal - 6 months ago
Terraform Labs is to pay $4.47 billion to settle with the US Securities and Exchange Commission (SEC). The SEC sued Terraform Labs and its former CEO Do Kwon after the firm’s collapse in 2022. Terraform Labs has agreed to a $4.47 billion sett...
Bitcoin News / Bitcoinist - 6 months ago
Terraform Labs, the company at the center of a significant collapse in 2022, has agreed to pay a substantial settlement of $4.47 billion to resolve a civil lawsuit filed by the US Securities and Exchange Commission (SEC). This legal action was under...
Bitcoin News / Bitcoinist - 7 months ago
Singapore-based Terraform Labs and its founder, Do Kwon, have reached a “tentative settlement” with the US Securities and Exchange Commission (SEC) in a high-profile civil fraud case, as reported by Reuters. SEC Scores Victory The SEC...
Cryptocoins News / Finance Magnates - 7 months ago
Terraform Labs and its Founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following allegations of fraud surrounding the collapse of the stablecoin TerraUSD, Reuters reported. The agreement, disclosed on...
Bitcoin News / Bitcoin.com - 7 months ago
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 terr...
