News list for " terraform"
On January 7, according to Cointelegraph, the U.S. government prosecutor overseeing the criminal case of Terraform Labs co-founder Do Kwon estimated that Do Kwon may have caused more than one million victims worldwide after the collapse of the Terra ecosystem. On January 6, Acting U.S. Attorney Daniel Gitner of the U.S. Federal Court for the Southern District of New York filed a lawsuit in court...
1月7日消息，据Cointelegraph报道，美国政府负责监督Terraform Labs联合创始人Do Kwon刑事案件的检察官估计，Terra生态系统崩溃后，Do Kwon可能在全球范围内造成了超过一百万名受害者。1月6日，美国纽约南区联邦法院的代理美国检察官Daniel Gitner在向法院提...
The U.S. Attorney's Office revealed that Terraform Labs co-founder Do Kwon was extradited from Montenegro to the United States to face an additional charge: conspiracy to launder money. In an indictment unsealed on Jan. 2 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams charged Do Kwon with conspiring with others to launder money. Money laundering charges were not initially included in the eight-count indictment filed against Do Kwon in March 2023.
On December 25th, according to Yonhap News Agency, the constitutional complaint filed by Do Kwon, the founder of Terraform Labs, in Montenegro has been rejected. The Constitutional Court of Montenegro has announced that the unanimous opinion of all judges is to reject Do Kwon's constitutional complaint. This decision means that Do Kwon will be tried in South Korea or the United States, and the specific decision will be decided by the Minister of Justice of Montenegro. Given the previous attitude...
Montenegro's Constitutional Court on October 18 suspended the extradition of Do Kwon, the former founder and CEO of Terraform Labs. The day before, Montenegro's Ministry of Justice said it had made a decision on Kwon's extradition and promised to publish the decision on October 20. But the court said it would suspend the extradition proceedings until a ruling on Do Kwon's appeal is made.
The Avalanche Foundation purchased 1.97 million AVAX tokens from Terraform Labs' bankruptcy estate for $45.50 million, with a market value of $57.40 million.
According to market sources, Terraform Labs is in talks with a third party to take over some of its operations. Previously, U.S. Bankruptcy Judge Brendan Shannon has approved Terraform Labs' bankruptcy plan. The company reached a settlement with the SEC and agreed to pay a settlement of $447 million. Terraform Labs estimates that it will be able to pay affected investors and other stakeholders between $184.50 million and $442.20 million during the bankruptcy liquidation process.
On September 25th, Terra's official X account announced that Terraform Labs continues to discuss with third parties to take over the operation of some of our products and services. However, if the negotiations are unsuccessful, these products will be closed on October 30, 2024. Products and services include: Products: 1. Enterprise Protocol; 2. Warp Protocol; 3. Statio; 4. Alliance Hub. Services: 1. Finder Block Explorer; 2. Foundation; 3. IBC Repeater; 4. Mantlemint, FCD and API Services.
9月25日消息，Terra官方X账号发布公告称，Terraform Labs继续与第三方商讨接管我们部分产品和服务的运营事宜。但是，如果谈判不成功，将于2024年10月30日关闭这些产品。产品和服务包括： 产品：1.Enterprise Protocol；2.Warp Protocol；3.Statio；4.Alliance Hub。服务：1.Finder区块浏览器；2.基金会；3.IBC中继器；4.Mantlemint、FCD和API服务。
Montenegro's Supreme Court has ruled that South Korea and the United States have met the conditions for the extradition of Terraform Labs co-founder Do Kwon, and the case has now been referred to the justice minister for decision. Kwon, who faces US-South Korean charges for his alleged involvement in the 2022 Terra collapse, was arrested in Montenegro last year and sentenced to four months for using forged documents. His legal status since his release is unknown. In the United States, a jury has...
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