Montenegro prosecutors appeal against Do Kwon’s bail terms
Case files on the prosecutors’ appeal were sent to the Supreme Court in Podgorica for a decision. Go to Source Powered by WPeMatico
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SEC under fire for its custody rule: Law Decoded, May 8–15
Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator. Go to Source Powered by WPeMatico
Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD
Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit. Go to Source Powered by WPeMatico
Terra Luna founder Do Kwon’s bail terms officially accepted by Montenegro court
The Montenegro court accepted the offered bail in the amount of $436,000 per person for Do Kwon and his former aide Han Chang-joon. Go to Source Powered by WPeMatico
Do Kwon’s lawyers propose $436K bail as authorities prepare for June trial
Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.” Go to Source Powered by WPeMatico
Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report
The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities. Go to Source Powered by WPeMatico
Terraform Labs seeks to dismiss class action arguing US laws don’t apply
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs. Go to Source Powered by WPeMatico
European Union pushes forward with first AI framework: Law Decoded, April 24–May 1
High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. Go to Source Powered by WPeMatico
Terraform Labs co-founder and nine others indicted in South Korea
The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra. Go to Source Powered by WPeMatico
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement action by the U.S. Securities … Read more
