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The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with a multibillion-dollar fine. According to a new report by Bloomberg, the regulatory agency is seeking a $5.3 billion fine against Do Kwon for his role in the downfall of the Terra ecosystem in 2022, alleging The post SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report appeared first on The Daily Hodl .

SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report

The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months.

Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation

Bitcoin price dips to a 24-hour low of $64,500. LUNA, CEEK, and Chiliz face critical price levels. Continue Reading: Exploring Recent Cryptocurrency Price Predictions

Exploring Recent Cryptocurrency Price Predictions

Terraform Labs co-founder Do Kwon filed a fresh appeal in his Montenegrin legal saga, accusing a court of "bizarre" legal interpretations.

Terra Founder Do Kwon Files Extradition Appeal, Calls Out 'Bizarre' Legal Readings From Court

After Do Kwon’s Terra empire collapsed in May 2022, over $40 billion worth of investor money was wiped out in a matter of days.

SEC Asks Judge To Fine Terraform Labs And Do Kwon $5.3 Billion In Fraud Case

Do Kwon, co-founder of cryptocurrency firm Terraform Labs, is currently facing extradition requests from both South Korea and the United States. Recently, his legal representatives in Montenegro appealed against a ruling by the Podgorica High Court that found grounds for his extradition to both countries. Legal Battle in Montenegro Do Kwon’s legal team in Montenegro The post Just-In: Terra’s Do Kwon Files Appeal Against Extradition to US appeared first on CoinGape .

Just-In: Terra’s Do Kwon Files Appeal Against Extradition to US

The United States Securities and Exchange Commission (SEC) has moved to request billions of dollars in disgorgement and civil penalties from Do Kwon and Terraform Labs, the team behind the ill-fated Terra Luna and UST tokens. In a recent filing in the U.S. District Court for the Southern District of New York, the SEC sought The post Do Kwon, Terraform Labs Face $5B Penalty After LUNA Fiasco appeared first on Coin Edition .

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