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terraform labs
Do Kwon’s South Korea Extradition Uncertain After Challenge from Top Prosecutor
The Montenegrin High Court’s decision to extradite Kwon to his native South Korea over the U.S. overstepped the limits of its power, according to the supreme state prosecutor.
Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters
Dentons agreed to send $48 million back to Terraform after objections from Terraform's creditors, the SEC, and the U.S. Justice Department.
Can Bitcoin Match Gold’s Position in Investors’ Portfolios? US To Appeal Do Kwon's Extradition
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a JPMorgan report that says bitcoin is unlikely to match gold’s allocation in investor portfolios due to heightened risk and volatility. Plus, Optimism Foundation selling about 19.5 million OP tokens to an unidentified buyer and Terraform Labs co-founder Do Kwon's next steps.
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said.
Do Kwon Wins Second Chance to Appeal Extradition From Montenegro
The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.
El Salvador's Bitcoin-Friendly President Wins Re-Election; Donald Trump Speaks Out on AI
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest stories shaping the crypto industry today, including the re-election of El Salvador's bitcoin-friendly president Nayib Bukele. Former U.S. president and Republican front-runner Donald Trump calls AI "dangerous and scary" in an new interview with Fox Business. Plus, former CFO of Terraform Labs has been extradited to South Korea by Montenegrin authorities according to an official notice.
Solana, Cardano Lead Crypto Losses; Terraform Labs Declares Bankruptcy
"CoinDesk Daily" host Amitoj Singh breaks down the biggest headlines in the crypto industry today, including a closer look at why the crypto market started the week in the red, with Solana's SOL and Cardano's ADA leading the losses. An @xpayments profile on X (formerly Twitter) sent adoption hopes flying among crypto circles. And, Terraform Labs files for bankruptcy.
Terraform Labs Declares Bankruptcy in Delaware
Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore.
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
Local courts may be facing political pressure regarding Kwon's extradition to the U.S. or South Korea, his Montenegro lawyer Goran Rodic told CoinDesk.
Do Kwon Tries to Delay SEC’s Terraform Trial so He Can Attend
The former CEO of Terra is being held in Montenegro after being caught in Podgorica's airport with falsified documents.