During her closing arguments on Friday, SEC attorney Laura Meehan told the jury that during a prior de-peg in May 2021, Kwon and Terraform Labs made a “secret agreement” with Jump, a trading shop that acted as a market maker for Terraform Labs, to step in and buy millions of …
The decision effectively puts a time-out on the ongoing tug-of-war over Kwon between South Korea and the United States. Both countries want to try Kwon for criminal charges, including fraud, relating to the $40 billion collapse of the Terra ecosystem in May 2022. Source link
Han was extradited to South Korea in February, and Kwon looked poised to follow. His Montenegrin lawyer, Goran Rodic, told CoinDesk Kwon was likely to be extradited to South Korea after March 23, but that timeline – as well as Kwon’s ultimate destination – is once again hazy. Source link
The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7. The decision will likely be final as the case has gone through multiple stages of trials and appeals over …
Terraform Labs co-founder Do Kwon’s extradition to the US was annulled by the Appellate Court of Montenegro, according to a Mar. 5 notice on the Court’s website. This development occurs amid bankrupt Terraform Labs’ recent legal wrangle with the US SEC. Why was Kwon’s extradition annulled? According to the Court, …
