PODGORICA, Dec 31 (Reuters) - Montenegro on Tuesday extradited Terraform Labs co-founder Do Kwon to the United States, where he faces charges of having deceived investors about the stability of ...

Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg.

The U.S. Securities and Exchange Commission (SEC) saw a 30% decline in crypto-related enforcement actions during the final year of former Chair Gary Gensler’s tenure.

Kwon denies wrongdoing. The South Korean national is the former CEO of South Korea-based Terraform Labs, the company behind the TerraUSD, a "stablecoin" designed to maintain a constant $1 price ...

Kwon was handed over to U.S. law enforcement officers and agents of the Federal Bureau of Investigation at Podgorica airport, Montenegro's interior ministry said in a statement. Kwon denies ...

Montenegro on Tuesday extradited Terraform Labs co-founder Do Kwon to the United States, where he faces charges of having deceived investors about the stability of the TerraUSD cryptocurrency and ...

Kwon and his company Terraform Labs were sued by the U.S. Securities and Exchange Commission in February 2023 over the TerraUSD and Luna cryptocurrencies, which authorities have said caused about ...

Do Kwon, founder of Terraform Labs and the issuer of TerraUSD, will be extradited to the US, according to a Bloomberg report. Kwon and his business helped to crush crypto markets after his algo-b ...

Terraform Labs co-founder Do Kwon appeared before a US magistrate on Jan. 2, 2025, and pleaded not guilty to the charges in the first legal hearing for the former tech executive since his ...

Kwon's Terraform Labs developed the luna cryptocurrency and algorithmic stablecoin terraUSD, which collapsed in 2022 with the loss of an estimated $40 billion. Kwon faces charges that include ...

PODGORICA – Montenegro on Dec 31 extradited Terraform Labs co-founder Do Kwon to the US, where he faces charges of having deceived investors about the stability of the TerraUSD cryptocurrency ...