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.
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.
韩国金融管理局禁止Terra开发人员离境
韩国金融管理局对Terra开发人员实施出境禁令
Do Kwon and Terraform Labs Slapped With Class-Action Suit
The implosion of UST and LUNA vaporized tens of billions of dollars in value.
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).
Mirror Protocol allegedly set up by Do Kwon to scam retail investors
FatManTerra has revealed a series of Ethereum and Terra which allegedly link Do Kwon to a scam to secretly sell MIR tokens
Terra Will Launch a Spin-Off Blockchain This Friday
The Terra community has voted in favor of Do Kwon’s proposal to create a new Terra blockchain—this time without an algorithmic stablecoin.
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