Do Kwon, co-founder of Terraform Labs, is preparing to change his plea in the high-profile U.S. criminal case related to the 2022 collapse of the TerraUSD (UST) stablecoin that wiped out approximately $40 billion in investor value. A federal judge in the Southern District of New York scheduled a hearing ...
The Montenegro government has agreed to extradite Hang Chang-joon, the former CFO of Terraforms Labs and associate of Do Kwon, to South Korea for additional criminal proceedings related to investment fraud. Local authorities announced this decision in a post on X on Monday, February 5, 2024. This move is the ...
Terraform and Do Kwon's legal representatives have submitted additional documents in their bid to dismiss the complaint against their clients. However, the United States Securities and Exchange Commission (SEC) attorneys argued that these documents were insufficient to justify the dismissal of the case. On June 15, 2023, the attorneys filed ...
On May 12, 2023, a Montenegrin Court approved the bail terms for Do Kwon, the founder of Terra Luna and former CEO of Terraform Labs, who was charged with document forgery, a criminal offense under Montenegrin law. Do Kwon and Han Chang-joon, the CFO of Terraform Labs, were granted bail ...
South Korean authorities have discovered illegally obtained assets worth 414.5 billion won ($314.2 million) in possession of Terraform Labs' co-founder, Do Kwon, and his associates. Out of this amount, about 91.4 billion won ($69 million) has been directly linked to Kwon. Unfortunately, South Korean authorities are unable to recover any ...
