Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»HACKING NEWS»Terraform Labs’ leader extradited to US after court ruling
HACKING NEWS

Terraform Labs’ leader extradited to US after court ruling

By Crypto FlexsFebruary 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Terraform Labs’ leader extradited to US after court ruling
Share
Facebook Twitter LinkedIn Pinterest Email
  • Montenegro’s High Court has ruled to allow the extradition of Terraform Labs’ CEO Do-Do Kwon to the United States.
  • Mr. Kwon is facing U.S. fraud charges related to losses resulting from the collapse of the UST stablecoin.
  • The SEC alleged that Kwon raised billions of dollars through unregistered cryptocurrency trading.

The Podgorica High Court decided to extradite Do Kwon, co-founder of Terraform Labs, to the United States. The High Court rejected South Korea’s extradition request and took the decisive step of extraditing Do Kwon to the United States.

The ruling comes after Kwon was arrested in March 2023 on charges of using a fake passport while trying to leave the country from Montenegro. Despite initially agreeing to be extradited to South Korea, Kwon’s legal situation changed as he faced increasing difficulties, including a four-month prison sentence in Montenegro for document forgery.

Previously, Mr. Do-kwon’s defense team fought fiercely against the extradition order twice in December 2023 and early February 2024.

But the High Court’s ruling marks a key moment in Kwon’s legal battle. That’s because Kwon is now preparing to be indicted in the United States on fraud charges related to his involvement with Terraform Labs and misconduct charges surrounding the issuance of crypto-asset securities.

Mr. Kwon Do, indicted in the US

Do-Kwon’s extradition to the United States took place amid a series of fraud charges from the U.S. Securities and Exchange Commission (SEC).

The SEC alleges that Kwon and Terraform Labs raised significant funds from investors through unregistered transactions involving crypto-asset securities. The jury trial on these fraud claims has been postponed until late March, giving Kwon’s legal team time to navigate the complex process of extraditing him from Montenegro.

As the Terraform Labs case unfolds, the cryptocurrency community and other stakeholders are closely monitoring the outcome and potential implications for regulatory oversight and investor protection.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cryptocurrency trader, OTC fraud claims $ 1.4 million losses, guessing due to KUCOIN deposits

October 7, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025
Add A Comment

Comments are closed.

Recent Posts

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Building Tomorrow’s Wealth With Tokenized Gold

October 9, 2025

Dreamcash Celebrates 100,000 Waitlist Signups With Exclusive $50k Giveaway Series

October 9, 2025

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025

Fanable Gets $11.5M To Power The Future Of Pokémon & Collectibles; $COLLECT Token Farming Goes Live Now

October 9, 2025

Bybit Secures UAE’s First Virtual Asset Platform Operator License From Securities And Commodities Authority

October 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025
Most Popular

The Czech National Bank develops bitcoin studies for possible reserves.

January 31, 2025

The Ether (ETH) ETF expects futures open interest to hit $14 billion.

May 21, 2024

What is it and why is it needed?

March 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.