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Terraform Labs news

Terraform Labs made a suspicious payment of $166 million to the company's lawyers

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 approved the decision to extradite Do Kwon to the United States

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..

Montenegro Court of Appeal remands Do Kwon's case for a new hearing

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.

Terraform Labs CEO believes bankruptcy will make it easier to appeal SEC lawsuit

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..

SEC tightens oversight in 2023, filing 46 lawsuits against crypto companies

The US Securities and Exchange Commission (SEC) has definitely stepped up its oversight of the cryptocurrency industry in 2023, according to analysts at consulting firm Cornerstone Research.

Blockchain platform Terraform Labs files for Chapter 11 bankruptcy

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..

SEC agrees to postpone trial in Terraform Labs case

The U.S. Securities and Exchange Commission (SEC) has agreed to postpone court hearings in the case of bankrupt cryptocurrency company Terraform Labs and its founder Do Kwon. The SEC filed..

Do Kwon wants to appeal the Montenegrin court's extradition decision

Terraform Labs co-founder Do Kwon appealed the Montenegro Supreme Court's decision to grant extradition requests from USA and South Korea.

Montenegro court revokes permission to extradite Do Kwon

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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