Well it does not get so much better for this man. The sec now is seeking $5 Billion penalty in fines and interest against Do Kwon and Terraform Labs.
https://cryptorank.io/news/feed/c801d-sec-5b-penalty-against-do-kwon-terraform
Topic: Terra cofounder Do Kwon is the one who is pumping Bitcoin (Read 2548 times)
Well Do Kwon now is still in the custody of Montenegro. But now has extradited his business partner named Han Chang-joon back to S. Korea after 1 year in custody.
Montenegro still is deciding if it will extradite Do Kwon back. https://www.reuters.com/technology/montenegro-extradites-ex-terraform-labs-financial-executive-south-korea-2024-02-05/
Montenegro still is deciding if it will extradite Do Kwon back. https://www.reuters.com/technology/montenegro-extradites-ex-terraform-labs-financial-executive-south-korea-2024-02-05/
Aside from that bankruptcy news above.^
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
https://www.coindesk.com/policy/2024/01/15/do-kwon-appeals-new-montenegro-high-court-decision-upholding-extradition-requests-lawyer-says/
Honestly, im a USTC and LUNC holder but it seems these things or updates isnt really that good for my investment.
I dont know if that topic title is really that having serious on it but i dont see this type of thing.
Problems comes again with another problem. There's no such thing about recovery.
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
https://www.coindesk.com/policy/2024/01/15/do-kwon-appeals-new-montenegro-high-court-decision-upholding-extradition-requests-lawyer-says/
Honestly, im a USTC and LUNC holder but it seems these things or updates isnt really that good for my investment.
I dont know if that topic title is really that having serious on it but i dont see this type of thing.
Problems comes again with another problem. There's no such thing about recovery.
Well some bad news for Terra labs but I think we knew this was happening. Now less then 2 years after the Singapore crypto firm collapse it has filed for Chapter 11 bankruptcy. It did say it will fulfill all financial obligations to employees and vendors at the time.
https://apnews.com/article/do-kwon-crypto-terraform-bankruptcy-7b3838d583c2b8100b9ed46e43cba4c0
https://apnews.com/article/do-kwon-crypto-terraform-bankruptcy-7b3838d583c2b8100b9ed46e43cba4c0
Well now it does looks like Do Kwon will be extradited from Montenegro. Last week the The High Court in Podgorica said the legal requirements for extradition have been met.
It is still not certain to which country he will go to. He might go to South Korea or the US.
https://www.theregister.com/2023/11/27/do_kwon_extradition_approved/
Worst case scenario will be Do Kwon going in the US and facing the US court of law as we all know that they love to put people behind bars specially if it is about crypto exchanges, but we will see.It is still not certain to which country he will go to. He might go to South Korea or the US.
https://www.theregister.com/2023/11/27/do_kwon_extradition_approved/
However, if he goes to South Korea and then penalized and found guilty and put to jail, I think he doesn't need to go to US anymore, I reckon.
So we will have to wait, this drama has been dragging more at least a year now.
Well now it does looks like Do Kwon will be extradited from Montenegro. Last week the The High Court in Podgorica said the legal requirements for extradition have been met.
It is still not certain to which country he will go to. He might go to South Korea or the US.
https://www.theregister.com/2023/11/27/do_kwon_extradition_approved/
It is still not certain to which country he will go to. He might go to South Korea or the US.
https://www.theregister.com/2023/11/27/do_kwon_extradition_approved/
Well, now Do Kwon has admitted to doing fraud in collapse of Luna. His conversations with a other founder Daniel Shin says Kwon will collect fees from fake blockchain transactions.
And that people will not know it is fake. https://en.bitcoinsistemi.com/do-kwons-secret-messages-exposed-before-terra-luna-collapsed-was-this-the-cause-of-the-breakdown/
And that people will not know it is fake. https://en.bitcoinsistemi.com/do-kwons-secret-messages-exposed-before-terra-luna-collapsed-was-this-the-cause-of-the-breakdown/
Now some good news for Do Kwon. He is out on bail after he won his court appeal in Montenegro. They are going to keep close eye on him until his next court date. But he is a free man for the time being.
And there is speculation his bail has a connection to SEC and Binance case. https://beincrypto.com/do-kwon-bail-crypto-react/
And there is speculation his bail has a connection to SEC and Binance case. https://beincrypto.com/do-kwon-bail-crypto-react/
Well some bad news for Jump Trading. It is a trading exchange that focuses on algorithms. It is now going to face lawsuit for violating United States regulations from earnings of $1.3 Billion profit from TerraUSD.
https://www.investing.com/news/cryptocurrency-news/jump-trading-faces-lawsuit-over-alleged-13b-profit-from-terrausd-3081762
https://www.investing.com/news/cryptocurrency-news/jump-trading-faces-lawsuit-over-alleged-13b-profit-from-terrausd-3081762
Do Kwon has been released on bail in Montenegro. His bail amount is $436,000 and this is 2 months after being arrested trying to fly to UAE with a fake passport.
If we are being honest this does not surprise me. He is so rich and he has so many connections. https://thenewscrypto.com/do-kwon-to-be-released-following-436000-bail-approval/
If we are being honest this does not surprise me. He is so rich and he has so many connections. https://thenewscrypto.com/do-kwon-to-be-released-following-436000-bail-approval/
^
Trying out to elaborate
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty.
Source: https://news.bitcoin.com/do-kwon-to-be-released-on-e400000-bail-pleads-not-guilty-in-montenegro/
Not even guilty? How about having some charges about faking out those documents? Its an another violation or criminal act which they should at least
put up some charges with that and not would really be just going along to be wiped out at least on the current case that he had.
$436k? Its just a peanut on all the possible money that he had. lol
Do Kwon has been released on bail in Montenegro. His bail amount is $436,000 and this is 2 months after being arrested trying to fly to UAE with a fake passport.
If we are being honest this does not surprise me. He is so rich and he has so many connections. https://thenewscrypto.com/do-kwon-to-be-released-following-436000-bail-approval/
If we are being honest this does not surprise me. He is so rich and he has so many connections. https://thenewscrypto.com/do-kwon-to-be-released-following-436000-bail-approval/
News update.
Do Kwon's arrest was done 3 days ago in Montenegro and according to other sources, he had fake passports and other fake identification cards with him when he was boarding a private jet. It appears he was playing a role very much similar to Jason Bourne hehehe.
Do Kwon, the South Korean entrepreneur behind the $40bn collapse of the cryptocurrencies terraUSD and Luna, has been charged with fraud in the United States following his arrest in Montenegro.
US prosecutors on Thursday announced eight charges against Kwon, including securities fraud, wire fraud, commodities fraud and conspiracy.
Source https://www.aljazeera.com/economy/2023/3/24/crypto-founder-do-kwon-indicted-after-montenegro-arrest
Do Kwon has been a fugitive for several months, South Korean authorities issued an arrest warrant for him in September on US Securities and Exchange Commission fraud charges also have eight civil charges against him including fraud and market manipulation.Do Kwon's arrest was done 3 days ago in Montenegro and according to other sources, he had fake passports and other fake identification cards with him when he was boarding a private jet. It appears he was playing a role very much similar to Jason Bourne hehehe.
Do Kwon, the South Korean entrepreneur behind the $40bn collapse of the cryptocurrencies terraUSD and Luna, has been charged with fraud in the United States following his arrest in Montenegro.
US prosecutors on Thursday announced eight charges against Kwon, including securities fraud, wire fraud, commodities fraud and conspiracy.
Source https://www.aljazeera.com/economy/2023/3/24/crypto-founder-do-kwon-indicted-after-montenegro-arrest
Finally after months on the run they got him, Hoping he didn't bail and ended up under house arrest at the crazy haired FTX guy's house. Give Do Kwon a longer sentence for trying to escape from the authorities.
News update.
Do Kwon's arrest was done 3 days ago in Montenegro and according to other sources, he had fake passports and other fake identification cards with him when he was boarding a private jet. It appears he was playing a role very much similar to Jason Bourne hehehe.
Do Kwon, the South Korean entrepreneur behind the $40bn collapse of the cryptocurrencies terraUSD and Luna, has been charged with fraud in the United States following his arrest in Montenegro.
US prosecutors on Thursday announced eight charges against Kwon, including securities fraud, wire fraud, commodities fraud and conspiracy.
Source https://www.aljazeera.com/economy/2023/3/24/crypto-founder-do-kwon-indicted-after-montenegro-arrest
Do Kwon's arrest was done 3 days ago in Montenegro and according to other sources, he had fake passports and other fake identification cards with him when he was boarding a private jet. It appears he was playing a role very much similar to Jason Bourne hehehe.
Do Kwon, the South Korean entrepreneur behind the $40bn collapse of the cryptocurrencies terraUSD and Luna, has been charged with fraud in the United States following his arrest in Montenegro.
US prosecutors on Thursday announced eight charges against Kwon, including securities fraud, wire fraud, commodities fraud and conspiracy.
Source https://www.aljazeera.com/economy/2023/3/24/crypto-founder-do-kwon-indicted-after-montenegro-arrest
We continue to monitor the efforts of the South Korean Prosecutor General's Office to search for and arrest Do Kwon, so according to their information, a month ago he flew to Serbia and the South Korean authorities turned to the Serbian authorities for help in the investigation, just some kind of spy detective.
Source: https://forkast.news/headlines/terra-do-kwon-serbia-skorean-prosecutor/
Source: https://forkast.news/headlines/terra-do-kwon-serbia-skorean-prosecutor/
Another statement from law enforcement agencies, which now concerns the arrest warrant for the co-founder of Terraform Labs Daniel Shin, previously the same warrant was issued for the arrest of Do Kwon. In this case, the warrant concerns Daniel Shin and three other Terraform Labs investors and four developers who are suspected of receiving illegal profits in the amount of ~$105 million from the sale of the LUNA premine.
Source: https://en.yna.co.kr/view/AEN20221130001600315
Source: https://en.yna.co.kr/view/AEN20221130001600315
Are these arrest warrants real or will they be enforced? This is very head shaking because Do Kwon appeared in a cryptopodcast called Uponly with Cobie and Ledgerstatus. Martin Shkreli was also there and told Do Kwon that prison is not that bad hehehe. Do Kwon responded with good to know.
In any case, something that should also make everyone very skeptical is the government arrested Tornado Cash developer Alex Pertsev without any charges for developing opensource software for an onchain mixer to help the community have more privacy while scammers and criminals like Sam Bankrupt-Fried and Do Kwon are free.
The Do Kwon warrants remain real, but how they will be executed remains an open question, but for the detention of Terraform Labs co-founder Daniel Shin, three investors and four developers of the company. It was rejected by the Seoul Southern District Court on December 3.
Source: https://en.yna.co.kr/view/AEN20221202004551315
Another statement from law enforcement agencies, which now concerns the arrest warrant for the co-founder of Terraform Labs Daniel Shin, previously the same warrant was issued for the arrest of Do Kwon. In this case, the warrant concerns Daniel Shin and three other Terraform Labs investors and four developers who are suspected of receiving illegal profits in the amount of ~$105 million from the sale of the LUNA premine.
Source: https://en.yna.co.kr/view/AEN20221130001600315
Source: https://en.yna.co.kr/view/AEN20221130001600315
Are these arrest warrants real or will they be enforced? This is very head shaking because Do Kwon appeared in a cryptopodcast called Uponly with Cobie and Ledgerstatus. Martin Shkreli was also there and told Do Kwon that prison is not that bad hehehe. Do Kwon responded with good to know.
In any case, something that should also make everyone very skeptical is the government arrested Tornado Cash developer Alex Pertsev without any charges for developing opensource software for an onchain mixer to help the community have more privacy while scammers and criminals like Sam Bankrupt-Fried and Do Kwon are free.
Another statement from law enforcement agencies, which now concerns the arrest warrant for the co-founder of Terraform Labs Daniel Shin, previously the same warrant was issued for the arrest of Do Kwon. In this case, the warrant concerns Daniel Shin and three other Terraform Labs investors and four developers who are suspected of receiving illegal profits in the amount of ~$105 million from the sale of the LUNA premine.
Source: https://en.yna.co.kr/view/AEN20221130001600315
Source: https://en.yna.co.kr/view/AEN20221130001600315
The South Korean Prosecutor's Office is not only searching for Do Kwon, but also actively continues to work on the case of Terraform Labs, which is accused of violating the law in the field of capital markets and this time searches were conducted in the payment company Chai Corporation, founded by the co-founder of Terraform Labs Daniel Shin, he is accused of illegal earnings on LUNA. In particular, he received the coins on a premine without notifying ordinary investors and sold them at the peak, earning 140 billion won ~$106 million.
https://forkast.news/terra-daniel-shin-chai-raided-by-korean-authorities/
https://forkast.news/terra-daniel-shin-chai-raided-by-korean-authorities/
I can’t believe Do Kwon is still publicly participating in video chats while on the run. He must think he’s bulletproof. The authorities can’t be happy about it. Martin Shkreli telling Do Kwon that jail isn’t that bad made for a good video clip, but it’s still crazy to see Do Kwon out and about knowing that he destroyed so many people in order to stash massive amount of money for himself.
~snip~
He is not some new JM, but a spoiled kid who has a lot of money and for now successfully avoids being arrested, while at the same time he has a direct influence on the witnesses and can try to destroy as much evidence as possible if they manage to catch him at some point. Besides, the last time I looked at his arrest warrant at Interpol, he wasn't there, so I wonder who is looking for him besides the South Korean authorities?
If by any chance one of the big ones (the US) wanted to catch him, he would already be in prison, so I wonder why he is still free.
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