Tag - terraform labs
25Apr

SEC seeks $5.3b in penalty from Terraform Labs and co-founder Do Kwon

Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern District of New York, the Securities and Exchange Commission (SEC) has asked Kwon and Terraform Labs to pay...

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25Apr

Do Kwon’s lawyers again appeal extradition decision

Lawyers for Terraform Labs co-founder Do Kwon appealed the Supreme Court of Montenegro’s decision to extradite the entrepreneur. According to The Korea Times, the entrepreneur’s defense filed another appeal after Montenegrin authorities decided to extradite Do Kwon in mid-April. The media claim that lawyers want to avoid handing Do Kwon over to U.S. authorities. Kwon’s lawyers prefer to...

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