Latest Update: Do Kwon's Maximum Sentence in the US Exceeds 100 Years
Do Kwon, CEO of Terraform, is facing eight felony counts, including investor fraud and commodity fraud, and his maximum penalty in the US can be over 100 years, while in South Korea it is only around 40 years. Former FTX CEO, Sam Bankman-Fried, could face a similar or harsher punishment. Kwon's defense attorney claims his business had limited contact with the US, and Kwon may be trying to avoid trial in the US to reduce the penalty.
After Being Detained In Montenegro, Crypto Founder Do Kwon Indicted In The US
South Korean entrepreneur Do Kwon, the co-founder of Terraform Labs, has been arrested in Montenegro and charged with fraud in the US. The DOJ has announced eight charges against Kwon, including securities fraud, wire fraud, commodities fraud, and conspiracy. Kwon and another South Korean citizen were stopped at Podgorica airport while trying to board a flight to Dubai using forged documents from Costa Rica.
Binance Reveals Date For Next LUNC Burn; Terra Classic Price Pump Ahead?
Binance has set April 2 as the date for the next large-scale token burn following the success of its first LUNC burn.
Big Reason To Worry For The Terra Luna Classic (LUNC) Community
The Terra Luna classic community is currently facing a significant obstacle, as they await the decision of the crypto exchange Binance regarding the reinstatement of LUNC burn.
7 Reasons to Believe in Crypto After 2022 Implosion
In 2022, cryptocurrency nearly imploded. But there are lots of reasons to be optimistic.
Crypto’s Top 5 Wildest Moments of 2022
Several significant occurrences this year have prompted crypto markets to spin and investors to question the industry's trustworthiness.
Terra Founder Do Kwon Still Defiant as South Korea Cancels Passport
Do Kwon, the founder of Terraform Labs, is said to have relocated to an unspecified European country via Dubai and Singapore.
Crypto Crash: What Investors Need to Know
Bitcoin's value has dropped by more than half from its peak in November 2021, causing the whole cryptocurrency industry to collapse. Investors may be concerned after seeing such severe drops in Terra (LUNA) and TerraUSD (UST). Who would have predicted such a precipitous drop when both cryptocurrencies were in their honeymoon phase a month ago? Because of the negative mood that propagated throughout the crypto market, investors withdrew their funds, forcing Tether (USDT) to lose its peg to the dollar. The week not only taught investors to be cautious while investing, but it also dispelled numerous misunderstandings about the bitcoin market.
Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox
Do Kwon has denied fresh allegations claiming he withdrew roughly $2.7 billion from the Terra ecosystem via Degenbox.
Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Co
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST).
Latest News
No data