Tag: Do Kwon

Terra-Luna executives Do Kwon and Han-Chang-jooF
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June 20, 2023

Former Terra-Luna Executives Do Kwon And Han Chang-joon Sentenced for Forgery In Montenegro!

Do Kwon, the CEO and co-founder of the collapsed $40 billion Terra-Luna stablecoin scheme, along with Han Chang-joon, the scheme's CFO, have been sentenced to four months in jail in Montenegro. The court found them guilty of forging official documents. Kwon and Han were arrested at Podgorica Airport in March as they attempted to board a flight to Dubai using counterfeit documents. Both pleaded not guilty.
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Terra-Luna founde Do Kwon to be extraditedA
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March 25, 2023

Arrested Terra-Luna Founder Do Kwon Is A Most Wanted Man Indeed!

Federal prosecutors in New York indicted the South Korean national Do Kwon, 31, on fraud charges Kwon faces eight counts, including conspiracy to defraud and engage in market manipulation, conspiracy to defraud, wire fraud, commodities fraud, and securities fraud. South Korea issued an arrest warrant for the former crypto CEO in September. The country's officials also asked Interpol to circulate a "red notice" Kwon. Law enforcement in Singapore also said they were investigating Kwon.
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Terraform Labs co-founder Do Kwon arrestedM
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March 23, 2023

Montenegro Interior Minister Announced Arrest Of Terra-Luna Founder Do Kwon!

Do Kwon, the co-founder of the failed TerraUSD stablecoin, has been arrested in Montenegro after months of hiding, Montenegro Interior Minister Filip Adzic said on Twitter. The suspect was detained in the airport of the country’s capital of Podgorica with false documents. In September, South Korean authorities issued a warrant for Kwon’s arrest in September. The U.S. Justice Department is investigating the collapse of TerraUSD, WSJ reports.
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Terraform Labs CEO Do Kwon wanted for crypto fraudU
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February 17, 2023

U.S. SEC Files Fraud Complaint Against Terra-Luna Scheme And Its CEO Do Kwon!

In Q2 2022, the TerraUSD (USDT) stablecoin collapsed with an estimated $60 billion wipeout, shaking the global digital currency market. The USDT crash marked the begin of Crypto Winter with the collapse of other major crypto schemes. The U.S. Securities and Exchange Commission (SEC) charged Singapore-based Terraform Labs PTE Ltd and Do Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.
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Terraform Labs co-founder Do Kwon arrestedE
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September 15, 2022

Expected! Arrest Warrant for Terra Co-Founder Do Kwon!

A court in South Korea issued an arrest warrant for the Terraform Labs founder Do Kwon. The warrant follows the collapse of the $40 billion Terra ecosystem and its algorithmic stablecoin (UST), which was the first domino to fall in this year's crypto winter. The warrant included five additional individuals, Bloomberg News reported. They are charged with violating the Capital Markets Act, the report said.
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