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 …
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 …
