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A Montenegro court has overturned the extradition permit for Terraform Labs co-founder Do Kwon. According to an official statement, the Montenegro Court of Appeal on Dec. 14 ruled to annul the decision of the Podgorica High Court that approved Kwon’s extradition to the United States or South Korea. Kwon’s defense successfully appealed this decision, and the case must be returned to the Podgorica Court of First Instance for retrial. “The decision was revoked due to significant violations of the criminal procedure provisions.” Montenegro Court of Appeal The document also states that the decision on whether extradition will be postponed is not within the court’s jurisdiction, which only determines the existence of legal prerequisites for extradition, but is the exclusive competence of the Minister of Justice. Amid the news about the cancellation of Kwon’s extradition, the rate of the Terra Luna Classic (LUNC) token jumped sharply by 18%. The c...

Binance received a “heightened” multi-billion fine following previous public warnings from several regulators, said the CFTC Commissioner. Kristin Johnson, a Commissioner at the Commodity Futures Trading Commission (CFTC), told a digital assets summit on Dec. 5 that Binance reached a multi-agency settlement because of its rule-breaking . According to Commissioner Johnson, the mammoth crypto exchange was not accused of fraud or similar crimes and simply failed to comply with established laws.  For those firms that really do want to successfully operate in this space, there is an increasingly clear template for how to operate. Take the hint. Kristin Johnson, CFTC Commissioner You might also like: Zhao’s resignation and guilty plea: a new era for Binance and crypto? Binance agreed to settlement terms by the CFTC, the U.S. Justice Department, and the Treasury over a lengthy investigation into suspected money laundering, sanctions evasion, and other misconduct. As part of...

A U.S. District Court has dismissed a class action lawsuit against Uniswap, one of the world’s top decentralized exchanges (DEXes), stating that the plaintiffs’ claims were “devoid of factual support”, highlighting ambiguities in current crypto regulations. On Aug. 29, a class action lawsuit against Uniswap was dismissed by Judge Katherine Polk Failla, who is also overseeing a case by the U.S. Securities and Exchange Commission against Coinbase. The judge found that some of the allegations against Uniswap lacked factual evidence, rendering them untenable in a court of law. The lawsuit, initiated last year, accused Uniswap, its founder Hayden Adams, and venture capital firms Andreessen Horowitz and Paradigm of contributing to “rampant fraud” on the exchange. Additionally, the suit contended that Uniswap should register with the Financial Industry Regulatory Authority (FINRA) and it was involved in the sale of unregistered securities. Judge over...

The woman initially suspected that her husband — who earned $3 million per year — did not reveal all his assets, which would get split between the two during the divorce. The divorce proceedings of a New York couple took a turn after a forensic accountant helped track down the husband ’s 12 Bitcoin (BTC) stash , which he intended to hide from his wife. The couple in question were married for 10 years, but the man’s wife suspected that her husband did not reveal all his assets, which would get split between the two following their divorce. The housewife — addressed pseudonymously as Sarita — revealed to CNBC that her husband was earning $3 million annually, which was not reflective of his declared assets. The woman appointed a forensic accountant, who eventually found that her husband failed to declare 12 BTC — worth roughly $500,000 — stored in an undisclosed crypto wallet. Having no clue about the Bitcoin investment, Sarita stated: “It was never even a thought in my mind because ...

An apparent business partner of Rebase's co-founder claims he was pushed out of the firm and funds he owned were moved from a joint crypto wallet. The co-founder of the nonfungible token (NFT) project Rebase is facing a lawsuit from his apparent business partner accusing him of going “rogue” by stealing $2 million from a joint crypto wallet and ousting an apparent co-founder out of the firm. An April 17 filing in a United States District Court in California from Krzysztof Gagacki, who says they’re the co -founder of Rebase, made eight separate complaints against the firm's other co -founder Edmond Truong. Gagacki is demanding a jury trial for breach of contract, breach of fiduciary duty, defamation and trademark infringement. While it is unclear exactly when the professional relationship between the two deteriorated, Gagacki alleged Truong breached a partnership contract on Oct. 27. 2022 by misappropriating $2 million into a separate wallet owned and controlled by Truong wit...