News about TERRAFORM LABS

News about Terraform Labs

Terraform Labs’ Do Kwon to be extradited to US after court ruling

High Court in Montenegro has ruled to allow Terraform Labs’ Do Kwon to be extradited to the US. Kwon faces US fraud charges tied to losses from UST stablecoin collapse. SEC alleges Kwon raised billions through unregistered crypto transactions....

Legal Twist Keeps Terraform Labs’ Co-Founder Do Kwon in Montenegro, Appeals Court Questions Extradition Grounds

Following the Montenegro Appeals Court’s decision to reject the extradition requests for Terraform Labs co-founder Do Kwon, the panel from the Appeals Court has nullified the latest decision by Podgorica’s High Court to extradite Kwon to...

Ex-Terraform Labs CFO Extradited to South Korea in Crypto Fraud Case

Han Chang-joon, former Terraform Labs CFO, has been extradited to South Korea for charges of financial fraud in the crypto industry, marking a significant international effort to combat digital asset fraud. (Read More)

Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police

Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country’s Justice M...

Terraform Labs’ Former CFO Extradited to South Korea to Face Criminal Charges

After months of deliberation, Montenegrin authorities have extradited Han Chang-joon, Terraform Lab's Former Chief Financial Officer, to South Korea, according to a notice by the Government of Montenegro. This move occurred as the US and South Korea...

Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro

submitted by /u/Kindly-Wolf6919 [link] [comments]

Luna Terraform Labs Opts for Chapter 11 Bankruptcy to Counter SEC's Securities Fraud Lawsuit

Terraform Labs files for bankruptcy to appeal against SEC lawsuit, challenging jurisdiction over crypto assets. CEO Amani challenges jurisdiction, affecting cryptocurrency regulation and digital asset classification. (Read More)

Bitcoin and Ethereum decline on the week, Worldcoin to launch a new Orb and Terraform Labs files for bankruptcy - TechCrunch

Bitcoin and Ethereum decline on the week, Worldcoin to launch a new Orb and Terraform Labs files for bankruptcy& & TechCrunch

Terraform Labs files for bankruptcy following crash of its stablecoins in 2022

Sometimes I feel the bankruptcy laws are for scums and scams like Kwon to hide behind. submitted by /u/Savi321 [link] [comments]

Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit

Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecur...

Terraform Labs Declares Bankruptcy in Delaware

submitted by /u/fap_fap_fap_fapper [link] [comments]

BREAKING – Terraform Labs Caves In: Crypto Stablecoin Giant Files For Bankruptcy In US

In a stunning turn of events, the TerraUSD (UST) stablecoin project and its creator, Terraform Labs, find themselves grappling with Chapter 11 bankruptcy in the United States. The turmoil began with the disastrous depegging of UST in May 2022, creati...

Terraform Labs Files for Bankruptcy Protection in the US

Terraform Labs, the company once known for its algorithmic stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States, according to the documents filed yesterday (Sunday) with the Bankruptcy Court for the District...

Trial for former Terraform Labs CEO Do Kwon pushed back to March

submitted by /u/goldyluckinblokchain [link] [comments]

SEC Agrees to Delay Terraform Labs Trial, Awaiting Do Kwon's Extradition

The SEC has postponed the trial of Terraform Labs and Do Kwon, pending Kwon's extradition to the US, for a $40 billion cryptocurrency fraud. (Read More)

Expert Analysis: Pro-XRP Lawyer Challenges Stablecoin Securities In Terraform Labs Case

In a recent ruling by US District Judge Jed Rakoff, the US Securities and Exchange Commission (SEC) emerged victorious in the Terraform Labs case, causing concern and unease within the cryptocurrency community over the classification of stablecoins.T...

Terraform Labs’ Setback: SEC Wins Unregistered Securities Case, Trial Date Set For January 2024

In a landmark ruling that could have far-reaching implications for the crypto industry, a federal judge has sentenced cryptocurrency entrepreneur Do Kwon and his company Terraform Labs, finding them violating US law for failing to register two digita...

Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities

Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws. SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged fraud. Jump Trading’s involvement adds com...

Judge Grants Summary Judgment for SEC in Landmark Crypto Case Against Terraform Labs

In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon. Rakoff noted that the Howey test criteria were satis...

Montenegro Appeals Court Overturns Extradition of Terraform Labs Co-Founder Do Kwon

On Tuesday, Montenegro’s appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in Mont...

TerraForm Labs Founder Do Kwon's Extradition Destination Unfolded: Montenegro’s Prominent Justice Official Makes a Crucial Decision

submitted by /u/Omn1Crypto [link] [comments]

Report: Terraform Labs Co-Founder Do Kwon to Be Extradited to the US

submitted by /u/FitScore3115 [link] [comments]

Jury in Terraform Labs case shouldn’t decide whether crypto is a security — SEC

According to the SEC, the tokens at issue in its civil case against Terraform Labs should be a “legal question” for a court, “not a factual questi...

Terraform Labs Shocks SEC As Lawyers Cast Doubt On The Regulator’s Conduct

Terraform Labs has landed a huge blow against the Securities and Exchange Commission (SEC) in its ongoing legal battle with the Commission. Lawyers representing the crypto firm have called the Commission’s conduct into question and used a recent case...

Terraform Labs, Do Kwon Fail to Have Singapore Class-Action Suit Rejected: Report