Tag: do kwon

Cryptory.net - Do Kwon, the founder of Terraform Labs, has received a four-month prison sentence from a Montenegrin court for the act of falsifying documents. This ruling comes as a result of an appeal made by Kwon and his fellow executive, Han Chang-Joon, who were apprehended in March 2022.

Cryptory.net - Someone moved over $160 million in Bitcoin from a wallet reportedly associated with Luna Foundation Guard (LFG), the organization connected to Terraform Labs and co-founder Do Kwon.

The U.S. Securities and Exchange Commission (SEC) released an indictment accusing Terraform Labs and CEO Do Kwon of conspiring to defraud billions of dollars using crypto assets and securities, leading to a crash that caused $40 billion in damage.

Cryptory.net - Terra founder Do Kwon is believed to be in Serbia, South Korea is in the process of requesting cooperation from the Serbian government.

Cryptory.net - The South Korean government has given Do Kwon 14 days to return to the country, otherwise his passport will be revoked.

Cryptory.net - More than 3,000 Bitcoin was transferred to digital wallets of crypto exchanges right after an arrest warrant was issued.

Cryptory.net - “I’m writing code in my living room. I’m making zero effort to hide”, said Do Kwon.

Cryptory.net - Where is Do Kwon now? - No one knows.

Cryptory.net - A court in South Korea issued an arrest warrant for Do Kwon, CEO of Terraform Labs, the company behind the Terra USD (UST) and Terra (LUNA) cryptocurrencies.