S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro
1 year, 8 months ago

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro

Firstpost  

Podgorica: South Korea and the U.S. are seeking the extradition of Do Kwon, an international fugitive accused of a multibillion-dollar fraud, and another suspect arrested in Montenegro last week, the Montenegrin Justice Minister Marko Kovac said on Wednesday. Do Kwon, a South Korean national, is a cryptocurrency entrepreneur and former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in May 2022 and roiled cryptocurrency markets. A U.S. indictment announced last week charged Do Kwon, who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy. “The extradition of Do Kwon … has been officially requested” by South Korea and the United States had asked for Do Kwon’s extradition as well, Kovac told a news conference in the capital Podgorica.

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History of this topic

Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea
4 months, 3 weeks ago

Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea

Associated Press  

PODGORICA, Montenegro — A Montenegrin appeals court on Thursday upheld a ruling by a lower court to hand over a South Korean mogul known as “the cryptocurrency king” to his native country, rejecting a bid to extradite him to the United States. Various Montenegrin courts in the past months have brought and overturned multiple rulings to extradite Kwon either to …

Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea
4 months, 3 weeks ago

Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Montenegrin appeals court on …

Do Kwon lost to the SEC. The US is piling up other crypto wins, too
8 months, 2 weeks ago

Do Kwon lost to the SEC. The US is piling up other crypto wins, too

Live Mint  

The Securities and Exchange Commission on Friday notched a court victory against brash crypto entrepreneur Do Kwon. After a two-week civil trial, a New York jury agreed with the SEC’s claims that Kwon and his firm, Terraform Labs, defrauded investors by misleading them about the stability of TerraUSD, a so-called stablecoin designed to maintain a value of $1. Crypto firms …

Montenegro's top court orders another review in the case of cryptocurrency mogul Do Kwon
8 months, 2 weeks ago

Montenegro's top court orders another review in the case of cryptocurrency mogul Do Kwon

The Independent  

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Montenegro court confirms mogul known as 'cryptocurrency king' to be extradited to South Korea
9 months ago

Montenegro court confirms mogul known as 'cryptocurrency king' to be extradited to South Korea

The Independent  

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Montenegro court sentences founder of cryptocurrency firm Terraform Labs to 4 months in prison
1 year, 6 months ago

Montenegro court sentences founder of cryptocurrency firm Terraform Labs to 4 months in prison

Associated Press  

PODGORICA, Montenegro — A court in Montenegro on Monday sentenced the founder of cryptocurrency firm Terraform Labs, Do Kwon, and another citizen of South Korea to four months in prison for using forged documents. Kwon was arrested in Montenegro in March on an international arrest warrant in connection with the $40 billion crash of Terraform Labs’ cryptocurrency, which devastated retail …

Luna Crash: Do Kwon, Fugitive Behind $40-Billion 2022 Crash Arrested, Charged With Fraud
1 year, 8 months ago

Luna Crash: Do Kwon, Fugitive Behind $40-Billion 2022 Crash Arrested, Charged With Fraud

ABP News  

Do Kwon, the cryptocurrency entrepreneur who was responsible for the crash of two digital currencies, TerraUSD and Luna, which resulted in a loss of over $40 billion last year, has been arrested and charged with fraud by US prosecutors. South Korean prosecutors have also announced their intention to seek Kwon's extradition, as he is facing criminal charges in the United …

Crypto founder Do Kwon indicted in US following Montenegro arrest
1 year, 9 months ago

Crypto founder Do Kwon indicted in US following Montenegro arrest

The Hindu  

Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors. Thursday's indictment charges Kwon, a South Korean national who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy. South …

Police: Crypto firm founder Do Kwon arrested in Montenegro
1 year, 9 months ago

Police: Crypto firm founder Do Kwon arrested in Montenegro

The Independent  

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Terraform Faces US SEC Lawsuit Over Multi-Billion Dollar Crypto Securities Fraud
1 year, 10 months ago

Terraform Faces US SEC Lawsuit Over Multi-Billion Dollar Crypto Securities Fraud

ABP News  

The US Securities and Exchange Commission has charged Singapore-based collapsed crypto blockchain platform Terraform Labs and its founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud. According to the SEC's complaint, from April 2018 until the scheme's collapse in May 2022, Terraform and Kwon raised billions of dollars from investors by offering and selling an inter-connected …

Crypto Firm Terraform Founder Do Kwon Faces Red Notice From Interpol: Here's Why
2 years, 2 months ago

Crypto Firm Terraform Founder Do Kwon Faces Red Notice From Interpol: Here's Why

ABP News  

Seoul: Do Kwon, founder and CEO of Terraform Labs that wiped out investors' money worth $40 billion, is now wanted by Interpol which has issued a red notice for him. South Korean prosecutors have requested Interpol's assistance to trace the whereabouts of Kwon, the wanted founder of Terraform Labs accused of fraud following the massive collapse of the firm's cryptocurrencies …

S. Korea requests Interpol’s help in Terraform Labs probe
2 years, 3 months ago

S. Korea requests Interpol’s help in Terraform Labs probe

Associated Press  

SEOUL, South Korea — South Korean prosecutors have asked Interpol to issue a fugitive alert for the founder of Terraform Labs as they investigate a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world. The Seoul Southern District Prosecutors’ Office asked Interpol on Monday to circulate the “red notice” for Do Kwon across the agency’s …

’Not on the run..’: Terra crypto founder Do Kwon says on jurisdictions
2 years, 3 months ago

’Not on the run..’: Terra crypto founder Do Kwon says on jurisdictions

Live Mint  

South Korean cryptocurrency developer Do Kwon on Sunday said he is not on the run for any government agency. Kwon is currently wanted by his home country over the crash of Terra sisters USD and old Luna that eroded a whopping $40 billion of investors' wealth in mid-May. Through his Twitter account, Do Kwon said, "I am not “on the …

South Korea Issues Arrest Warrant For Terra Co-Founder Do Kwon, LUNA Price Sees Massive Crash
2 years, 3 months ago

South Korea Issues Arrest Warrant For Terra Co-Founder Do Kwon, LUNA Price Sees Massive Crash

ABP News  

Do Kwon, the founder of Terra blockchain creator Terraform Labs, faces an arrest warrant issued by South Korean authorities. The two primary crypto coins of the Terra network — LUNA and TerraUSD — saw a massive crash in May this year, leading to an unprecedented bloodbath in the crypto market, wiping out nearly $40 billion of investors’ money in a …

South Korea prosecutors raid crypto exchanges, offices for Luna investigation
2 years, 5 months ago

South Korea prosecutors raid crypto exchanges, offices for Luna investigation

The Hindu  

South Korean prosecutors carried out search and seizure operations at local cryptocurrency exchanges and related offices, looking for evidence of illegal practice involved in the collapse of cryptocurrency Luna in May. “A total of 15 places, including crypto-currency exchanges and related offices, were searched on Wednesday for proof of allegations,” a spokesperson told Reuters on Thursday, without elaborating. Investors have …

South Korea Puts Cryptocurrency Company Terraform Labs’ Staff On No-Fly List
2 years, 6 months ago

South Korea Puts Cryptocurrency Company Terraform Labs’ Staff On No-Fly List

News 18  

Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. TerraUSD’s paired token, Luna, plunged in value last month, sparking a sell off and igniting a chain reaction that has pushed some major institutions in the crypto sector into severe difficulties. An official …

South Korea puts crypto company Terraform Labs’ staff on no-fly list
2 years, 6 months ago

South Korea puts crypto company Terraform Labs’ staff on no-fly list

The Hindu  

Several employees of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. TerraUSD’s paired token, LUNA, plunged in value last month, sparking a sell off and igniting a chain reaction that has pushed some major institutions in the crypto sector into severe difficulties. An official …

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