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Montenegro news
The U.S. Securities and Exchange Commission (SEC) has discovered suspicious financial transactions at bankrupt Terraform Labs. The Block reported that $166 million was transferred..
The Supreme Court of Montenegro has ordered the expulsion of former CEO of Terraform Labs Do Kwon to the United States, rejecting a similar request from South Korea. This was reported..
On 7 February 2024, the Court of Appeal of Montenegro granted the appeal of Do Kwon's legal team, effectively overturning the extradition decision. The case was sent for reconsideration.
A statement from Chris Amani, CEO of Terraform Labs, suggests that the company's bankruptcy will serve as a catalyst for challenging actions taken by the U.S. Securities and Exchange..
Terraform Labs, a financially troubled company, recently filed a Chapter 11 bankruptcy petition in Delaware state court. The company's financial liabilities are estimated to be around $500..
Terraform Labs co-founder Do Kwon appealed the Montenegro Supreme Court's decision to grant extradition requests from USA and South Korea.
A court decision authorizing the extradition of Terraform Labs co-founder Do Kwon to the United States or South Korea has been overturned by the Montenegrin Court of Appeal.
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