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Articles for Terraform, search results for crash

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 …

South Korea Montenegro Kwon Native South Do Kwon
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 …

Court Crypto Investors Sec Chai Coinbase Kwon
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 …

South Korea Montenegro Kwon Terraform Terraform Labs Sentences Founder Prison Podgorica
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 …

South Korea Luna Kwon Terrausd Crash Arrested
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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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 …

South Korea South South Korean Luna Interpol Kwon Terrausd
After Terra, Luna crashes, regulators count cost of crypto
2 years, 7 months ago

After Terra, Luna crashes, regulators count cost of crypto

Al Jazeera  

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 …

Singapore Crypto South Korea Case Investors Kennedy Sec
Coinbase Suffers Major Outage, Binance Halts Terra Luna Crypto Trading
2 years, 7 months ago

Coinbase Suffers Major Outage, Binance Halts Terra Luna Crypto Trading

ABP News  

New Delhi: Leading crypto exchange Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors. ALSO ON ABP LIVE: Crypto Crash: CoinSwitch Kuber CEO Ashish Singhal Explains Why He Still Remains Bullish "Has the bear market crashed their servers? The Coinbase outage came as Binance, the world's largest cryptocurrency exchange, suspended …

Outage Luna Coinbase Terraform Labs Terra Luna Cryptocurrency Terra