
Jury finds Do Kwon, Terraform Labs liable for multi-billion dollar fraud
The SEC emphasized that the verdict holds both parties accountable for a "massive crypto fraud" that caused "devastating losses for investors."

Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
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The SEC emphasized that the verdict holds both parties accountable for a "massive crypto fraud" that caused "devastating losses for investors."

The decision calls for the High Court in Podgorica to re-examine the extradition requests it previously addressed in an expedited manner.

The apex court has overturned previous rulings and put Do Kwon's extradition process on hold indefinitely.

The Montenegro Court said its decision was final and could not be appealed by any party.

The embattled South Korean had fought his extradition to the United States over several months.

Terraform Labs and its former CEO Do Kwon legal battles in the US and Montenegro continues with new developments afoot.

The regulator seeks the return of $81 million from Terraform Labs' legal payments.

Do Kwon's lawyers are not seeking an adjournment and the trial is expected to proceed as scheduled.

The appellate court identified "significant violations of the provisions of criminal procedure," specifically citing issues with the clarity, reasoning, and comprehensiveness of the High Court's decision.




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