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 …
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 …
Taipei, Taiwan – As the crypto winter deepened this month, one wealth-destroying event – the collapse of the TerraUSD and Luna coins – has brought the human cost of unstable cryptocurrency projects to the surface. “I was actually thinking that I would be able to make enough money to pay my home off, but instead, I’ve lost everything.” The incident …
