Tags: Wormhole

Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30.

The jurisdictional tug-of-war between U.S. and South Korean prosecutors over Terra founder Do Kwon continues to drag on.

Local media in Montenegro reported that Terra founder Do Kwon is cleared for extradition to his native South Korea.

In its objection, the regulator argued that Terraform Labs "siphoned" $166 million into an "opaque slush fund" for law firm Dentons.

Former Terraform Labs CFO Han Chang-joon faces charges in South Korea including fraud that could carry a life sentence.

Lawyers for Kwon said that an adjournment to mid-March "would provide a realistic possibility" for him to attend.

Terra ecosystem coins have spiked following the injection of $15 million into the network‘s DeFi ecosystem by Terraform Labs.

Today in Crypto: US Justice Department Revamps National Crypto Enforcement Team, Wormhole Releases Gateway Developed within Cosmos, Indonesia‘s Stock Market and Clearing House for Digital Assets Finally Operational

The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds.

The exploiter may be earning returns on staked cryptocurrency.