Tags: Do Kwon

The claims process requires proof of ownership, with on-chain verification preferred over manual submissions to avoid delays or rejections.

Do Kwon faces U.S. criminal charges as prosecutors allege his Terra ecosystem misled investors, causing over $40 billion in losses.

Kwon now faces nine charges, including commodities fraud and money laundering conspiracy, instead of the eight counts he was previously charged with.

Terraform Labs co-founder Do Kwon had been held in Montenegro since his March 2023 arrest at Podgorica airport.

The SEC and Terraform Labs reached a $4.47 billion penalty, thereby settling charges over the collapse of TerraUSD and Luna tokens.

More than half of the SEC’s recoveries came from crypto, mainly the $4.5 billion settlement in the Terraform Labs case.

A months-long legal back and forth will seemingly lead to Kwon’s extradition to his home country,

Montenegro’s Prime Minister Milojko Spajić faces renewed controversy over his earlier investment in Do Kwon’s Terraform Labs.

This would mark the largest crypto-related fraud settlement in history.

The SEC wants Terra and its owner to pay one of the largest crypto fines in history. Do Kwon argues he owes less than $1 million.

Do Kwon’s legal team have three days to appeal the ruling.