Do Kwon

Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG), following allegations the firm failed to disclose its financial interests while promoting the now-collapsed LUNA cryptocurrency. What Happened: The agreement, revealed through a state filing, resolves a...

Do Kwon, co-founder of disgraced Terraform Labs, will face trial in a year’s time for his alleged role in the $40 billion criminal fraud case involving the collapse of Terra Classic (CRYPTO: LUNC) and sister stablecoin TerraUSD (USTC), according to a report on Wednesday. What Happened: U.S....

Do Kwon Pleads Not Guilty In U.S. Courtroom  According to a Reuters report, Do Kwon, co-founder of Terraform Labs, the incubator of TerraUSD (CRYPTO:USTC) and Luna (CRYPTO: LUNC) pleaded not guilty on Thursday to criminal fraud charges in a U.S. court.  Kwon was handed over to U.S. law...

Do Kwon, co-founder of Terraform Labs, the incubator of TerraUSD (CRYPTO: USTC) and Luna (CRYPTO: LUNC), is set to face criminal fraud charges in a U.S. court following his extradition from Montenegro. What Happened: Kwon is expected to appear before U.S. Magistrate Judge Robert Lehrburger in a...

Terra Classic (CRYPTO: LUNC), the native token of the Terra ecosystem, rallied on New Year’s Day amid disgraced co-founder Do Kwon’s extradition from Montenegro to the U.S. Kwon, co-founder of Terraform Labs, has been extradited from Montenegro to the United States. Kwon is facing...

Montenegro’s Minister of Justice, Bojan Božović on Friday authorized the extradition of Terraform Labs co-founder Do Kwon to the United States, concluding months of legal wrangling over competing extradition requests from the U.S. and South Korea. What Happened: The ruling follows a decision...

WAMCO’s Ken Leech Charged With Fraud For Allegedly ‘Cherry-Picking' Trades The Securities and Exchange Commission (SEC) on Monday announced fraud charges against Stephen Kenneth ("Ken") Leech, the former co-chief investment officer of Western Asset Management Company LLC or WAMCO, owned by...

Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are pursuing a claim of at least $1.3 billion against TerraForm Labs Pte., the bankrupt digital assets company co-founded by Do Kwon. The claim arises from significant losses Three Arrows suffered following the 2022...

Do Kwon, the disgraced co-founder of Terraform Labs, is set to be extradited from Montenegro to South Korea, as per a court ruling. The decision rejects a U.S. extradition request. What Happened: The Appellate Court of Montenegro upheld a previous decision by the High Court of Podgorica to hand...

In a significant development, Terraform Labs agreed to a civil settlement of $4.47 Billion with the Securities and Exchange Commission after being found guilty of defrauding cryptocurrency investors during the infamous Terra (CRYPTO: LUNA) implosion in 2022. What Happened: A jury found Terraform...

The legal battle surrounding Do Kwon, co-founder of Terraform Labs, has taken another turn, with Montenegro’s Supreme Court having thrown a wrench into the extradition process, cancelling a lower court’s decision to send the beleaguered co-founder to South Korea. What Happened: The...

The ongoing trial involving Terraform Labs, the company behind the algorithmic stablecoin UST (CRYPTO: USTC), took a dramatic turn on Monday with the testimony of James Hunsaker, a former employee of Jump Trading. According to a series of social media posts by journalist Alexander Osipovich,...

A court in Montenegro overturned a previous court's ruling to extradite the imprisoned co-founder of the Terra (CRYPTO: LUNA) blockchain network Do Kwon to the United States. What Happened: The initial ruling by the Higher Court in Podgorica on Feb. 20, 2024, had approved the expedited...

Terraform Labs co-founder Do Kwon is set to be extradited to the United States after a Montenegrin court's final decision. What Happened: The Podgorica High Court denied South Korea's request to extradite Kwon, according to local reports. The court's decision followed...

Terraform Labs, the parent company of the defunct stablecoin TerraUSD, has submitted a petition for Chapter 11 bankruptcy protection in the United States. What Happened:  Do Kwon co-founded Terraform Labs lodged an official request for Chapter 11 bankruptcy protection...