Search Results for "do kwon"
Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury
erraform Labs and Do Kwon face a guilty verdict for defrauding investors in a landmark case, highlighting the need for regulatory compliance in the crypto market.
Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network.
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.
Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
South Korean Prosecutors are investigating Do Kwon if they will file Ponzi fraud charges against him following the Terra crash.
Terra Erases 12 Months Bullish Gains with 94% Drop in Value
The Terra community is almost in disarray as the ecosystem’s two flagship tokens including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen.
Do Kwon Denies Allegations of Cashing Out $2.7Bn through DegenBox
According to a Twitter user, FatMan Terra, Do Kwon allegedly used the Abracadabra protocol, DegenBox to siphon as much as $2.7 billion from the UST and Terra coffers months leading to the eventual collapse of the Layer-1 protocol.
Terraform Labs Sues US SEC for Illegally Issuing a Subpoena on its CEO
Terraform Labs, the Singapore-based blockchain startup behind the Terra protocol has filed a lawsuit against the United States Securities and Exchange Commission for allegedly issuing an illegal Subpoena on its Chief Executive Officer.
SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon
The US Securities and Exchange Commission (SEC) has filed a motion for billions of dollars in disgorgement and civil penalties against Terraform Labs and co-founder Do Kwon. The SEC is seeking $4.7 billion in disgorgement and prejudgment interest, along with $520 million in civil penalties. Terraform and Kwon have proposed lower penalties, and the SEC is also considering additional measures to prevent future violations.
Second Circuit Court Order's Terraform Labs and Do Kwon to Comply With SEC's Subpoena
The 2nd US Circuit Court of Appeals has upheld a ruling that compels blockchain startup Terraform Labs and its co-founder Do Kwon to comply with a September 2021 Subpoena that served him at a New York Conference.
Terraform Labs CEO Sent $7 Billion to Law Firm Before Ecosystem Collapse
South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent $7 billion to a top South Korean law firm, Kim & Chang, right before the collapse of the Terra ecosystem. The prosecutors believe that Kwon's decision to send the funds was a deliberate move that allegedly reaffirmed his awareness of the impending collapse and anticipated legal problems. The information is expected to help in the ongoing fraud case against Kwon and his associates.
Jump Crypto Enters Confidential Phase in SEC vs. Terraform Labs Case
Jump Crypto has been granted access to confidential documents in the SEC vs. Terraform Labs case, allegedly implicating them in the TerraUSD devaluation and Terra's collapse.
Terraform Labs Co-Founder Do Kwon Appeals Extended Detention
Terraform Labs co-founder Do Kwon will appeal the Montenegrin court’s decision to extend his detention time for up to 30 days. Kwon was caught using fake documents at the airport and was detained due to the high possibility of escape.