SEC requests summary judgment against Do Kwon
The U.S. securities regulator believes there's no need for a trial as there is "no genuine dispute as to any material fact," and no "rational jury" would believe Do Kwon isn't guilty.
The U.S. securities regulator believes there's no need for a trial as there is "no genuine dispute as to any material fact," and no "rational jury" would believe Do Kwon isn't guilty.
Following a lengthy investigation into the Terra collapse, Terraform Labs and Do Kwon filed a motion to dismiss the SEC case, claiming that the probe didn't yield any result proving their misdeed.
The digital asset lender has five days from the date of the order to comply by handing over the Securities and Exchange Commission’s requested documents, creating a deadline of October 18.
Prosecutors in South Korea plans to leverage the recent XRP ruling against Terraform Labs CEO Do Kwon's alleged securities fraud acts.
The South Korean court noted that it would study the submissions of Daniel Shin's legal team; both parties are expected to be in court on August 28 for a second hearing.
Withdrawals in Wyre will be available until July 14, after which there will be a recovery process for the digital currency that remains on its platforms.
The LUNA and TerraUSD founder was taken into custody over charges of document forgery, but he will complete his sentence in a month as the time he spent in detention will be considered.
South Korean prosecutor Dan Sunghan thinks that sending Do Kwon to South Korea is the most rational decision to recover damages and bring justice to thousands of victims of the TerraUSD de-pegging.
Prosecutors from the High Court in Podgorica revoked the bail conditions on the fact that it “could not establish the value of their assets just based on their statements.”
The Montenegro prosecutor's appeal revolves around the fact that the bail conditions for Do Kwon and Han Chang-Joon appear to be a slap on the wrist compounded by the flight risk posed by the duo.
Jump Trading entered into an agreement with Terraform Labs to manipulate UST to stay at $1 and in return purchased LUNA at a 99% discount, investors allege.
Terraform Lab's Do Kwon and Han Chang-joon would be subjected to house arrest under police supervision on a €400,000 (approximately $436,000) bail each.