Do Kwon, co-founder of Terraform Labs, is currently facing legal challenges in multiple jurisdictions. He has filed an appeal against the High Court of Podgorica's decision to extradite him, criticizing the court's interpretations as 'bizarre'. Concurrently, the U.S. Securities and Exchange Commission (SEC) is seeking a $5.3 billion judgment against him and Terraform Labs. This legal action comes amidst ongoing criminal allegations by South Korean prosecutors and a U.S. grand jury, alongside civil complaints.
SEC charges Texas mining firm and co-founders for $5.6 million fraud scheme https://t.co/kpWAxVrL7T
🚨 The #SEC has sued #Bitcoin mining firm #Geosyn and its co-founders, alleging a $5.6 million fraud. Accusations include: 🔶 Misappropriating $1.2 million for personal luxuries 🔸 Misleading about operational capabilities 🔶 Providing false mining data to investors
UPDATE: US SEC SUED GEOSYN MINING, AND ACCUSES COMPANY AND CO-FOUNDERS OF DEFRAUDING INVESTORS OUT OF $5.6 MILLION
NEW: Meta sued in Japan over celebrity investment scams https://t.co/7LJ1zn3P7K
Japanese arm of Meta sued for fake ads used in fraud schemes | The Asahi Shimbun Asia & #Japan Watch https://t.co/fOHtIqdYUm
#SEC Seeks $5.3 Billion in Final Judgment Against #DoKwon and #TerraformLabs https://t.co/5aB0Ia487B
Terraform Labs co-founder Do Kwon filed a fresh appeal in his Montenegrin legal saga, accusing a court of "bizarre" legal interpretations. Click to read: https://t.co/4HvZeg93ae
TERRA FOUNDER DO KWON FIGHTS EXTRADITION AMID LEGAL SAGA - Do Kwon, Terraform Labs co-founder, initiates a new appeal in the Montenegrin legal battle, criticizing the court's "bizarre" interpretations. - Kwon's legal team filed the appeal against the High Court of Podgorica's… https://t.co/BASrWNGI5M https://t.co/TbtgWuu9I2
JUST IN: DO KWON FILES EXTRADITION APPEAL, ACCUSES COURT OF 'BIZZARE' LEGAL INTERPRETATIONS
JUST IN: DO KWAN FILES EXTRADITION APPEAL, ACCUSES COURT OF 'BIZZARE' LEGAL INTERPRETATIONS
Terra Founder Do Kwon Files Extradition Appeal, Calls Out 'Bizarre' Legal Readings From Court ► https://t.co/jmyHB6eFHg https://t.co/jmyHB6eFHg
"The SEC’s move reminds us that despite the criminal allegations lodged against Kwon by South Korean prosecutors and a US grand jury, the one-time DeFi billionaire is still facing civil complaints." https://t.co/81iGOisR2O
Lawyers for Terraform Labs co-founder Do Kwon appealed the Supreme Court of Montenegro's decision to extradite the entrepreneur https://t.co/bbf94J177M
Do Kwon is headed for trial in South Korea but SEC still wants him and Terra to cough up $5.3bn https://t.co/mmKl0aYdBs