Do Kwon arrested - page 4. | Bitcointalksearch.org

zasad@

legendary

Activity: 2002

Merit: 4743

Quote from: Baofeng on May 06, 2023, 06:46:43 PM

Quote from: zasad@ on April 29, 2023, 10:58:13 AM

Quote from: Baofeng on April 28, 2023, 06:44:02 PM

Quote from: zasad@ on April 28, 2023, 11:17:41 AM

Quote from: cryptomaniac_xxx on April 27, 2023, 04:21:08 PM

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

While Do Kwon is in prison in Montenegro, many important events can happen in the world. The US wants to take money from Do Kwon. If he does not give them back, he will be in prison for life. This is the rule of a strong country, which can dictate terms to other countries.

Not sure what important events though that might affect Montenegro to extradite or not to extradite Do Kwon to the US.

Of course, what's US after is the money that Do Kwon still have in his pocket, it's not that they are going to get it and confiscate for themselves, they will have to liquidate it as per the charges they have on him. Then once his assets has been liquidate then it could the claimants or the victims can get at least part of the money they've lost, I'm talking about US citizens here and not the totality of the victims, (there could be South Koreans and other nationalities for that matter).

Extradition from Montenegro can last more than a year, then another trial in the United States can also last a long time. The injured party then needs to prove the damage in order to receive compensation. Then the commission and the procedure for compensation for damage will be formed. Ordinary people will not receive anything or the services of lawyers will cost them more.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: zasad@ on April 29, 2023, 10:58:13 AM

Quote from: Baofeng on April 28, 2023, 06:44:02 PM

Quote from: zasad@ on April 28, 2023, 11:17:41 AM

Quote from: cryptomaniac_xxx on April 27, 2023, 04:21:08 PM

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

While Do Kwon is in prison in Montenegro, many important events can happen in the world. The US wants to take money from Do Kwon. If he does not give them back, he will be in prison for life. This is the rule of a strong country, which can dictate terms to other countries.

Not sure what important events though that might affect Montenegro to extradite or not to extradite Do Kwon to the US.

Of course, what's US after is the money that Do Kwon still have in his pocket, it's not that they are going to get it and confiscate for themselves, they will have to liquidate it as per the charges they have on him. Then once his assets has been liquidate then it could the claimants or the victims can get at least part of the money they've lost, I'm talking about US citizens here and not the totality of the victims, (there could be South Koreans and other nationalities for that matter).

zasad@

legendary

Activity: 2002

Merit: 4743

Quote from: Baofeng on April 28, 2023, 06:44:02 PM

Quote from: zasad@ on April 28, 2023, 11:17:41 AM

Quote from: cryptomaniac_xxx on April 27, 2023, 04:21:08 PM

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

While Do Kwon is in prison in Montenegro, many important events can happen in the world. The US wants to take money from Do Kwon. If he does not give them back, he will be in prison for life. This is the rule of a strong country, which can dictate terms to other countries.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: zasad@ on April 28, 2023, 11:17:41 AM

Quote from: cryptomaniac_xxx on April 27, 2023, 04:21:08 PM

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

The only thing that I can see that it can be expedited is the the US putting pressure on the government of Montenegro to hurry up on their cases against Do Kwon for falsifying documents just to be able to enter their territory.

And if that is the case then I see the US getting their hands and then the cases filed will go and move on. So it's a lose-lose for Do-Kwon although he can hire a good lawyer to defend him. It's even reported that he send money to his lawyer before the eventual collapse, so for sure he is preparing very hard to fight this one out.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: zasad@ on April 28, 2023, 11:17:41 AM

Quote from: cryptomaniac_xxx on April 27, 2023, 04:21:08 PM

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

zasad@

legendary

Activity: 2002

Merit: 4743

Quote from: cryptomaniac_xxx on April 27, 2023, 04:21:08 PM

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Baofeng

legendary

Activity: 2576

Merit: 1655

^^ 8 counts to be exact, United States of America vs Do Kwon.

- Count One (Conspiracy to Defraud)
- Count Two (Commodities Fraud)
- Count Three (Securities Fraud)
- Count Four (Wire Fraud)
- Count Five (Conspiracy to Defraud and Engage in Market Manipulation)
- Count Six (Commodities Fraud)
- Count Seven (Securities Fraud)
- Count Eight (Wire Fraud)

I don't know how Do Kwon and his cohorts can win this case against the US States Attorney. And just imagine if Do Kwon and SBF are in the same jail facility, hehehe.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: zasad@ on April 26, 2023, 10:45:19 AM

https://www.benzinga.com/markets/cryptocurrency/23/04/31865172/do-kwons-lavish-serbian-hideaway-inside-the-crypto-magnates-secret-sanctuary
Serbian authorities have confiscated a €2 million luxury apartment in Belgrade where Terraform Labs founder Do Kwon sought refuge during a six-month pursuit, according to Serbian prosecutor Branko Stamenkovic.
__
This story has a big sequel. While Do Kwon is being held in a good prison in Montenegro for a fake passport, some of the money that will be useful for the budget of Montenegro will be taken from him. I am still sure that the authorities of Montenegro will not soon give the golden antelope to the USA or Korea.

Here is the official court documents by the US:

https://downloads.coindesk.com/legal/United_States_v_Kwon.pdf

So let's see if Montenegro will give him up to the US. There could be arrangements between the two though that could favor Montenegro in the end and US receiving Do Kwon and be officially charge by them.

I have a feeling that he will be extradited very soon.

Ryu_Ar1

hero member

Activity: 1036

Merit: 736

Quote from: zasad@ on April 26, 2023, 10:45:19 AM

https://www.benzinga.com/markets/cryptocurrency/23/04/31865172/do-kwons-lavish-serbian-hideaway-inside-the-crypto-magnates-secret-sanctuary
Serbian authorities have confiscated a €2 million luxury apartment in Belgrade where Terraform Labs founder Do Kwon sought refuge during a six-month pursuit, according to Serbian prosecutor Branko Stamenkovic.
__
This story has a big sequel. While Do Kwon is being held in a good prison in Montenegro for a fake passport, some of the money that will be useful for the budget of Montenegro will be taken from him. I am still sure that the authorities of Montenegro will not soon give the golden antelope to the USA or Korea.

This is a big catch for Serbia and they will definitely not let others intervene first because this can be considered as an advantage especially in this case the 2 extraditions that were arrested because it was not only Do Kwon but also Han Chang-joon who was also one of the officials responsible.

Quote from: https://www.instagram.com/p/CrdojZwI1Ha/?img_index=1

from here there are also some conditions where he is currently asking for a motion to have the charges dropped by the SEC on the grounds that the SEC's claims are invalid in its charges.

zasad@

legendary

Activity: 2002

Merit: 4743

https://www.benzinga.com/markets/cryptocurrency/23/04/31865172/do-kwons-lavish-serbian-hideaway-inside-the-crypto-magnates-secret-sanctuary
Serbian authorities have confiscated a €2 million luxury apartment in Belgrade where Terraform Labs founder Do Kwon sought refuge during a six-month pursuit, according to Serbian prosecutor Branko Stamenkovic.
__
This story has a big sequel. While Do Kwon is being held in a good prison in Montenegro for a fake passport, some of the money that will be useful for the budget of Montenegro will be taken from him. I am still sure that the authorities of Montenegro will not soon give the golden antelope to the USA or Korea.

safar1980

legendary

Activity: 1974

Merit: 1681

Payment Gateway Allows Recurring Payments

Do Kwon’s Passport Has Become Fatal for his Arrest; Report Says
FatMan tweeted that Do Kwon was arrested as the police became suspicious of his fake passport.
The analyst referred to DLNews’ post that explains the interview with Haris Sabotic.
Sabotic told that two wanted Koreans were caught on suspicion of using false Costa Rican passports.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: dr.hopkins on March 24, 2023, 04:31:28 AM

It's important to remember that an arrest doesn't necessarily mean guilt, and we should wait for more information before making any assumptions.

It does not, but in case of Kwon, I'd say he's guilty but his arrest doesn't yet mean that he'll be found guilty and sentenced by a judge. He should be though.
I'm not sure if the coin was made as a scam from the beginning or he decided to make it a scam along the way, but the end result is the same - luna was a scam coin.
When it imploded the guy took all the money that was left and went on the run. Karpeles was guilty of cooking his books, but he didn't run. It's sad that there's so many dirty people in crypto. It's only a matter of time before CZ takes the fall like Do Kwon, SBF and others.

YOSHIE

legendary

Activity: 2128

Merit: 1775

Quote from: OmegaStarScream on March 23, 2023, 08:29:49 AM

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

I think Do Kwon's actions in the crypto world as CEO of Terraluna are classified as acts of robbery, fraud, theft and public deceit, I consider it an obligation and must be punished with severe punishment for Do Kwon by the local authorities.

Do Kwon's arrest can be a deterrent effect and fear for other CEOs who commit acts that are not commendable and harm the wider community, Do Kwon needs to be given a severe punishment that is truly deterrent.

I am personally happy to hear that Do Kwon was arrested, even though I was also one of the victims of LUNA some time ago, I hope the authorities give him the appropriate punishment for his actions to people around the world.

zasad@

legendary

Activity: 2002

Merit: 4743

https://protos.com/do-kwon-faces-grim-year-in-montenegro-jail-lawyer-says/
“Upon arrest, you’re held in quarantine for 10 days to ensure you’re not suffering from Covid-19,” they told Protos. “The rooms are pretty okay — you’re sharing with just one or two people. But after the quarantine period, detainees are moved to a general facility along with others awaiting trial.”

The conditions here are far worse than quarantine. “Rooms are 8 meters squared and very crowded,” the lawyer explained. “There’s about 10 to 11 people in a room — there’s usually not even a bed.“

Regarding which country may ‘win’ extradition, Kovac explained: “When we receive several extradition requests it’s based on several factors — the severity of the offence, the location and the time, and the order that we received the request, and several other factors.” Ultimately, it’s up to Montenegro courts to decide, but Kovac’s comments suggest that South Korea has the upper hand.

safar1980

legendary

Activity: 1974

Merit: 1681

Payment Gateway Allows Recurring Payments

Quote from: Lucius on March 28, 2023, 04:46:03 AM

@safar1980, thank you for sharing the article, it is very interesting information and just one more proof that Serbia is a country for every criminal looking for a safe haven. You can live there without fear of being caught or extradited, and for $1 you can open a company and continue what you were doing before.

One detail from the article is particularly interesting to me, because it claims that investigators from South Korea visited Serbia in January of this year, but the Serbian authorities allegedly did not know where De Kwon was, even though he had officially registered the company under his own name. Knowing their mentality, I believe that they wanted to avoid the arrest happening on their soil, which they managed in the end - and now I wouldn't be surprised if they concluded that De Kwon and his helper were in Montenegro the whole time.

I think that in not rich poor countries you can find a refuge for any criminal. He could spend some of the stolen capital to legalize himself in this country. But if he is deported to the US, then investors will not receive money.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

@safar1980, thank you for sharing the article, it is very interesting information and just one more proof that Serbia is a country for every criminal looking for a safe haven. You can live there without fear of being caught or extradited, and for $1 you can open a company and continue what you were doing before.

One detail from the article is particularly interesting to me, because it claims that investigators from South Korea visited Serbia in January of this year, but the Serbian authorities allegedly did not know where De Kwon was, even though he had officially registered the company under his own name. Knowing their mentality, I believe that they wanted to avoid the arrest happening on their soil, which they managed in the end - and now I wouldn't be surprised if they concluded that De Kwon and his helper were in Montenegro the whole time.

virasog

legendary

Activity: 3206

Merit: 1174

Leading Crypto Sports Betting & Casino Platform

Quote from: dr.hopkins on March 24, 2023, 04:31:28 AM

It's important to remember that an arrest doesn't necessarily mean guilt, and we should wait for more information before making any assumptions.

This is really a strange statement. Do you think he is not guilty of anything? He was the CEO of Terraform labs and he is only responsible for this TerraUSD and Luna crash scam. People have hard earned money invested in this stable coin and he was unable to peg it to a dollar, even though he claimed that he has a lot of funds for backup/reserve in case of a mishap.

Quote from: yhiaali3 on March 27, 2023, 01:41:22 PM

Will the case be reopened, will he be able to return the millions of dollars the investors lost in Luna?

No money will be refunded to LUNA investors, and it was really a disaster for all the investors who trusted this project. Luna was a very hyped project and i think all the cryptocurrencies investors had some part of the portfolio in this coin and everyone has lost money in this scam.

yhiaali3

legendary

Activity: 1848

Merit: 1982

Payment Gateway Allows Recurring Payments

Good news he was finally arrested after all this time, but what next?

Will the case be reopened, will he be able to return the millions of dollars the investors lost in Luna?

I doubt he will be able to, most likely he will have laundered the money he stole and they will not find enough money with him to compensate those affected.

safar1980

legendary

Activity: 1974

Merit: 1681

Payment Gateway Allows Recurring Payments

Do Kwon registered a company in Serbia just three weeks after Interpol issued a Red Notice for him in September, DL News can reveal.

Official records obtained from the Serbian Business Registry show Kwon opened a company called “Codokoj22 d.o.o. Beograd” on October 12. The address listed is in the old town of the Serbian capital’s city centre.

It is not possible to search the Serbian Business Registry by the names of the individuals. Registry officials confirmed to DL News on Friday that two South Koreans named Do Kwon and Han Chang-Joon were listed with a company number.

Rikafip

legendary

Activity: 1722

Merit: 5937

Quote from: zasad@ on March 26, 2023, 06:26:42 AM

I may not have read all the latest news, but the Montenegrin police detained a man who looked like Do Kwon. His fingerprints have not yet been verified and the data has not been transferred to Korea.

Hah you indeed missed latest news as Interpol already confimed that they verified fingerprints and that person arrested a couple of days ago is indeed Do Kwon. Now the only question is who will get him, South Korea or Unites States. Former makes more sense as he is their citizen and they issues warrant first, but we all know how "persuasive" US can be.

Quote from: https://edition.cnn.com/2023/03/23/tech/south-korea-do-kwon-terra-fraud-arrest-hnk-intl/index.html

Interpol says a man arrested in Montenegro is Kwon Do-hyeong, also known as Do Kwon, the disgraced founder of a collapsed crypto company who is wanted in South Korea and the United States on fraud and other charges.

Kwon, a South Korean national, founded the blockchain platform behind the TerraUSD stablecoin and its sister coin Luna. Both coins lost their value in a matter of days in May 2022, wiping about $40 billion from the crypto market and setting off panic across the speculative sector.

Kwon’s identity was confirmed through a fingerprint match, Interpol’s national central bureau in Seoul told CNN on Friday.

Topic: Do Kwon arrested - page 4. (Read 1780 times)