terra - Security Ticks

SEC pushes back against Terraform’s claims fraud happened outside US

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SEC pushes back against Terraform’s claims fraud happened outside US 2024-05-07 at 23:01 By Cointelegraph by Turner Wright Lawyers for the commission cited several examples of Do Kwon touting UST to U.S. investors and Terraform’s former communications head making false claims about the stablecoin. This article is an excerpt from Cointelegraph.com News View Original Source […]

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Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement

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Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement 2024-05-03 at 01:01 By Cointelegraph by Turner Wright Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case. This article is an excerpt from Cointelegraph.com

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US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

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US Court to hear proposed remedies from Terraform Labs, Do Kwon in May 2024-05-01 at 01:02 By Cointelegraph by Turner Wright The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million. This article is an excerpt from Cointelegraph.com

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Terraform proposes $1M penalty for SEC case, no relief or disgorgement

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Terraform proposes $1M penalty for SEC case, no relief or disgorgement 2024-04-30 at 01:01 By Cointelegraph by Turner Wright Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation

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Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation 2024-04-24 at 23:02 By Cointelegraph by Turner Wright The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months. This article is an excerpt from Cointelegraph.com News View Original

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SEC seeks $5.3B judgment against Terraform Labs and Do Kwon

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SEC seeks $5.3B judgment against Terraform Labs and Do Kwon 2024-04-23 at 01:02 By Cointelegraph by Turner Wright After a jury found Terraform Labs and Do Kwon liable for fraud in its case with the SEC, the commission filed a motion requesting $5.3 billion in disgorgement and civil penalties. This article is an excerpt from

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Montenegro’s Justice Minister to decide on Do Kwon’s extradition after court ruling

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Montenegro’s Justice Minister to decide on Do Kwon’s extradition after court ruling 2024-04-11 at 23:02 By Cointelegraph by Turner Wright It’s unclear if the Terraform Labs co-founder’s lawyers intended to appeal the court decision, which would again delay any possible extradition to the United States or South Korea. This article is an excerpt from Cointelegraph.com

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Terraform Labs and Do Kwon found liable for fraud in SEC case

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Terraform Labs and Do Kwon found liable for fraud in SEC case 2024-04-05 at 23:02 By Cointelegraph by Turner Wright Jurors took a short time to deliberate on the evidence presented by the U.S. Securities and Exchange Commission and Terraform Labs before reaching a verdict. This article is an excerpt from Cointelegraph.com News View Original

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Terraform Labs was ‘built on lies’ — SEC at trial

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Terraform Labs was ‘built on lies’ — SEC at trial 2024-04-05 at 22:02 By Cointelegraph by Turner Wright The civil trial between the U.S. Securities and Exchange Commission and Terraform Labs entered its tenth day without the attendance of Do Kwon. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Montenegro’s Supreme Court sends Do Kwon’s extradition case back to lower court

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Montenegro’s Supreme Court sends Do Kwon’s extradition case back to lower court 2024-04-05 at 19:02 By Cointelegraph by Turner Wright The High Court in Podgorica could decide whether the Terraform co-founder is sent to the United States or his native South Korea to face criminal charges. This article is an excerpt from Cointelegraph.com News View

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Fantom founder concerned that negative funding rates will introduce next Terra-like ‘unbacked asset’

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Fantom founder concerned that negative funding rates will introduce next Terra-like ‘unbacked asset’ 2024-04-03 at 17:01 By Cointelegraph by Zoltan Vardai Without naming the protocol, Cronje shared his concerns about negative funding rates potentially leading to an “unbacked asset.” This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Terra was a ‘house of cards’ — SEC in opening statements for civil trial

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Terra was a ‘house of cards’ — SEC in opening statements for civil trial 2024-03-25 at 21:05 By Cointelegraph by Turner Wright Terraform Labs co-founder Do Kwon remained in Montenegro as the SEC trial kicked off in New York on March 25. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Terra founder Do Kwon released in Montenegro

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Terra founder Do Kwon released in Montenegro 2024-03-24 at 17:01 By Cointelegraph by Amaka Nwaokocha The decision to release Kwon reportedly came from the Council of the Supreme Court, which is set to review a decision that could grant or deny extradition to his native South Korea. This article is an excerpt from Cointelegraph.com News

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Montenegrin court postpones Do Kwon’s extradition to South Korea

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Montenegrin court postpones Do Kwon’s extradition to South Korea 2024-03-22 at 18:03 By Cointelegraph by Turner Wright Do Kwon faces fraud charges in the United States and South Korea as authorities compete to extradite the Terraform Labs co-founder. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Do Kwon’s extradition case may be headed to Montenegro’s Supreme Court

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Do Kwon’s extradition case may be headed to Montenegro’s Supreme Court 2024-03-21 at 22:02 By Cointelegraph by Turner Wright Prosecutors in Montenegro suggested that the country’s Supreme Court could issue a verdict that would change an earlier decision on Do Kwon’s extradition to South Korea. This article is an excerpt from Cointelegraph.com News View Original

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Binance suffers ‘near-mortal blow’ after SEC and class-action lawsuits: Law Decoded

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Binance suffers ‘near-mortal blow’ after SEC and class-action lawsuits: Law Decoded 2024-03-11 at 22:03 By Cointelegraph by David Attlee The world’s largest crypto exchange continues to grapple with ongoing legal challenges, particularly in the United States. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Montenegrin official plans to extradite Do Kwon to the United States: Report

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Montenegrin official plans to extradite Do Kwon to the United States: Report 07/12/2023 at 20:02 By Cointelegraph by Turner Wright The Terraform Labs co-founder had been awaiting extradition to either the United States or South Korea after being arrested and charged in Montenegro. This article is an excerpt from Cointelegraph.com News View Original Source React

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Jury in Terraform Labs case shouldn’t decide whether crypto is a security — SEC

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Jury in Terraform Labs case shouldn’t decide whether crypto is a security — SEC 05/12/2023 at 19:02 By Cointelegraph by Turner Wright According to the SEC, tokens at issue in its civil case against Terraform Labs should be a “legal question” for a court, “not a factual question for the jury.” This article is an

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Jump Crypto filed docs confidentially in SEC v. Terraform Labs case

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Jump Crypto filed docs confidentially in SEC v. Terraform Labs case 29/11/2023 at 01:02 By Cointelegraph By Turner Wright The trading firm and its CEO, Kanav Kariya, allegedly manipulated the price of TerraUSD to gain roughly $1.3 billion in profits. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Do Kwon extradition approved by Montenegro court

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Do Kwon extradition approved by Montenegro court 24/11/2023 at 13:02 By Cointelegraph By Helen Partz Montenegro’s Minister of Justice will make the final decision on Do Kwon’s extradition to either South Korea or the United States. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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