Korea Joongang Daily
Korea JoongAng Daily

U.S. court approves bankruptcy wind-down for Terraform Labs

Terraform Labs, the platform behind the collapsed stablecoin TerraUSD, has been approved by a U.S. court to wind down operations in bankruptcy on Thursday after agreeing to a $4.47 billion settlement with the U.S. Securities and Exchange Commission.

2024-09-20

Terra's Do Kwon to be extradited to Korea: Montenegro court

The failed crypto mogul Do Kwon will be extradited to Korea rather than the United States over the $40 billion collapse of the TerraUSD coin in 2022, said a Montenegrin high court on Thursday.

2024-03-08

Montenegrin court overturns ruling to extradite Terra founder Do Kwon to U.S.

An appeals court in Montenegro overturned an earlier decision to extradite Do Kwon, the disgraced Korean cryptocurrency mogul, to the United States over criminal fraud charges, the court's website showed Tuesday.

2024-03-06

Terraform Labs' Do Kwon faces extradition in Montenegro

Do Kwon, co-founder of Terraform Labs, has been granted extradition to Korea or the United States by a Montenegro court. Kwon was arrested in Podgorica in March after months on the run with forged passports.

2023-11-26

Do Kwon bail revoked by Montenegro high court

A higher court in Montenegro allowed the local prosecutors’ appeal to a lower court’s decision to grant bail to Do Kwon, the cryptocurrency mastermind charged with a multibillion-dollar fraud in the United States.

2023-05-25

Do Kwon's punishment depends on whether cryptocurrencies are securities

The key factor deciding the severity of Do Kwon’s punishment will be proving his creations — TerraUSD and Luna — are securities, according to the legal circle in Korea.

2023-03-27

Korean prosecutors to seek extradition of Terraform Labs' Do Kwon

Korean prosecutors will seek the extradition of Do Kwon, 32, the Terraform Labs co-founder behind a $40 billion implosion, after he was arrested in Montenegro on Thursday.

2023-03-24

Terraform Labs co-founder Do Kwon charged with fraud by U.S. prosecutors

Do Kwon, the Terraform Labs co-founder behind a $40 billion implosion, was charged with fraud by U.S. prosecutors in New York.

2023-03-24

Do Kwon likely arrested in Montenegro

Montenegro's interior minister said that the country's police had likely arrested Do Kwon, the co-founder of Terraform Labs, on Thursday in Montenegro.

2023-03-23

Terraform Labs, founder Do Kwon transferred over 10,000 Bitcoin out of project

Terraform Labs and its founder Do Kwon transferred more than 10,000 Bitcoin out of the project and moved some of the tokens into a Swiss bank account, according to a Bloomberg report Friday.

2023-02-20