Terra cofounder Do Kwon is the one who is pumping Bitcoin - page 3.

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Quote from: Daltonik on September 27, 2022, 07:30:04 AM

It is reported that 3313 BTC that are associated with LFG started moving immediately after the request of the South Korean authorities made through Interpol for the arrest of Do Kwon, with Binance they were moved to KuCoin and OKX, writes coindesk Korea.

https://www.coindeskkorea.com/news/articleView.html?idxno=81514

They have 3313 coins after the failure of Luna? Why did they not use this to defend the peg? CZ tweeted that if Do Kwon and his team sold some of their bitcoins from the treasury and defended the peg much earlier when UST began falling to $0.97 or $0.98, the failure would not have occured and they would have saved the project. We can only speculate on his argument if it is right, however.

OgNasty

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Quote from: Daltonik on September 27, 2022, 07:30:04 AM

It is reported that 3313 BTC that are associated with LFG started moving immediately after the request of the South Korean authorities made through Interpol for the arrest of Do Kwon, with Binance they were moved to KuCoin and OKX, writes coindesk Korea.

https://www.coindeskkorea.com/news/articleView.html?idxno=81514

Crazy that he's still moving so much money even while the law closes in on him. You'd think the nearly billion dollars he already shwindled would be enough for him. This can't make regulators or the police happy that he's seemingly giving them the finger while they try their best to track him down. When they finally do catch up with him, it's not going to be fun for him. I imagine there will be consequences for avoiding arrest that he's not going to like. It will be somewhat interesting to see if they're able to recover any of this BTC and if anything will ever end up going to his victims. I suspet not.

savetheFORUM

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Quote from: OgNasty on September 25, 2022, 10:06:48 PM

Looks like Interpol has put out a Red Notice for Do Kwon. Not good. Unless he’s on an island somewhere getting plastic surgery, I have a feeling he’s going to be seeing the inside of a jail cell before long. Crazy that he did have bad intentions with this, probably from the beginning. I think the banks that helped orchestrate the fall should be looked at as well.

It's crazy if he will undergo a plastic surgery only to escape this issue he have been involved at but with all of the money he stole I think that is possible although authorities aren't going to stop as long as they hunt him down. They will do anything they can as long as they can serve justice to those who got scammed big time.

Before kwon begins this project, he already have a bad intention because he is also involved on another scam project on the past but I don't know why he isn't arrested? Maybe the scammed amount isn't that huge as what they got in their luna project but despite of that, they are still not contented but they also create a second version of luna to scam more money.

laurenB7742

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Quote from: Daltonik on September 27, 2022, 07:30:04 AM

It is reported that 3313 BTC that are associated with LFG started moving immediately after the request of the South Korean authorities made through Interpol for the arrest of Do Kwon, with Binance they were moved to KuCoin and OKX, writes coindesk Korea.

https://www.coindeskkorea.com/news/articleView.html?idxno=81514

Dokwon repeatedly insists he is not guilty, he is also a victim of Luna's downfall, he is willing to cooperate with the police to investigate the cause of Luna's death. But since the Korean government announced to summon him and until they issued an arrest warrant, he remained tight-lipped, refused to reveal his whereabouts and did not want to go back to Korea to confront him. Until today finally received a red notice for him, to see how long he can hide, he still uses Twitter to joke with people.

Daltonik

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It is reported that 3313 BTC that are associated with LFG started moving immediately after the request of the South Korean authorities made through Interpol for the arrest of Do Kwon, with Binance they were moved to KuCoin and OKX, writes coindesk Korea.

https://www.coindeskkorea.com/news/articleView.html?idxno=81514

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Quote from: bbc.reporter on March 24, 2022, 09:40:21 PM

According to 3 Arrows Capital's cofounder Kyle Davis, Terra is using $125 million a day to buy bitcoin. I am not certain if this is the real buy strategy or if this is only his assumption.

Yes, it looks like Do Kwon also has a hand in this, but It may not be the ultimate investment, but in my view, investing in bitcoin is a great way to diversify your portfolio. While this digital coin is notoriously volatile, BTC has several unique characteristics that make it potentially profitable for savvy investors and is considered a new asset class, along with stocks, bonds, commodities, and all other investment classes. This means bitcoin can be used to diversify investments in traditional portfolios.

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Is Do Kwon really in hiding? I checked his twitter account and it appears that he has made some replies 8 hours ago unless he has a friend who is tweeting these replies for him hehehe.

https://twitter.com/stablekwon/with_replies

In any case, after the collapse and the dump, I am not quite certain why LUNA remains to be listed in the biggest and most trusted exchanges in the cryptospace.

Daltonik

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Quote from: OgNasty on September 25, 2022, 10:06:48 PM

Looks like Interpol has put out a Red Notice for Do Kwon. Not good. Unless he’s on an island somewhere getting plastic surgery, I have a feeling he’s going to be seeing the inside of a jail cell before long. Crazy that he did have bad intentions with this, probably from the beginning. I think the banks that helped orchestrate the fall should be looked at as well.

Yes, the South Korean authorities report that the co-founder of Terraform Labs Do Kwon has been issued a red notice by Interpol (now law enforcement agencies of 165 countries must detain and arrest Do Kwon), as reported by Bloomberg, but so far the Do Kwon card is not on the Interpol website.

Source: https://www.bloomberg.com/news/articles/2022-09-26/south-korea-says-interpol-issued-red-notice-for-terra-s-do-kwon?leadSource=uverify%20wall
Archive: https://archive.ph/Yn74b#selection-3743.0-3745.19

OgNasty

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Looks like Interpol has put out a Red Notice for Do Kwon. Not good. Unless he’s on an island somewhere getting plastic surgery, I have a feeling he’s going to be seeing the inside of a jail cell before long. Crazy that he did have bad intentions with this, probably from the beginning. I think the banks that helped orchestrate the fall should be looked at as well.

bbc.reporter

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@Daltonik. Agreed and it appears that Do Kwon is on the run according to South Korea's prosecutors. He will become the honorary third arrow in 3 Arrows Capital hehehe. The founders Su Zhu and Kyle Davies are also on the run hehehe.

South Korean prosecutors have refuted Do Kwon's claim from over the weekend that he is not on the run and asked Interpol to issue a red notice against the Terraform Labs' co-founder, escalating the public drama playing following the $40 billion wipeout on his cryptocurrency startup in May this year.

Source https://finance.yahoo.com/news/south-korean-prosecutors-kwon-obviously-081340428.html

This is Do Kwon's tweet before he accused of being on the run.

I am not “on the run” or anything similar - for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide

Source https://twitter.com/stablekwon/status/1571197156907679745

Daltonik

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Anyway, apparently the prosecutor's office in South Korea has sufficient grounds to arrest Do Kwon, because before the collapse of Luna, someone threw off a bag for several hundred million dollars and it could well have been him, but it could also have been someone else, nevertheless binance is still not making bad money on Terra.

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Quote from: OgNasty on September 15, 2022, 03:06:12 PM

Quote from: bbc.reporter on September 14, 2022, 09:18:23 PM

News update.

It appears that there are 2 government regulators that have an arrest warrant for Do Kwon hehehe. Terra Luna might also be recorded in the crypto history books as the biggest ponzi schemes of the cryptospace. This is much bigger than Bitconnect.

How much was Bitconnect's highest market capitalization? Luna might have been more than 50 times bigger, I reckon.

South Korean court issued an arrest warrant for Do Kwon, CEO of Terraform Labs, four months after the collapse of the Terra ecosystem, its native luna token and its TerraUSD algorithmic stablecoin — which together wiped out some $40 billion in value.

Chosun Ilbo, a South Korean newspaper, was first to report the news. The warrant was issued by the Seoul Southern District Prosecutors' Office's Joint Investigation Team on Financial Securities Crimes (led by director Dan Sung-han) and 2nd Division of Financial Investigation (led by chief prosecutor Chae Hee-man), according to the report.

Kwon is currently believed to reside in Singapore, per the report, which stated that there have also been warrants issued for the arrest of Nicholas Platias, another of Terraform Labs’ founders, and Han Mo, another employee. They are charged with violating the Capital Markets Act.

Source https://www.theblock.co/post/169825/south-korean-court-issues-warrant-for-do-kwons-arrest

I'm very curious how this will turn out. I'm not sure there's evidence this was an actual Ponzi from the start, but I haven't cared much about the saga other than that I was saying how stupid it was for him to telegraph his buys like that, but now I see that he was doing it on purpose to pump Bitcoin for himself to get rich and then dump on everyone. I'm not sure that's illegal though, but maybe we'll find out why soon enough. It looks like they've taken his passport now to try and stop him from fleeing the country. I'm sort of surprised he isn't already on a beach somewhere getting plastic surgery and a new identity, but maybe he is. This is the most interesting case since Razzlekhan.

There might be arguments for both it is a ponzi and it is not a ponzi. If argued as a ponzi, the Lunatics can also argue that much of the coins in the cryptospace is a ponzi because to get value from your coins, you should sell it to someone who is willing to buy it from you with a higher price.

However, the other platform those Luna developers created was the ponzi. It was called Anchor and it offered 20% yield.

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Quote from: OgNasty on September 15, 2022, 03:06:12 PM

I'm very curious how this will turn out. I'm not sure there's evidence this was an actual Ponzi from the start, but I haven't cared much about the saga other than that I was saying how stupid it was for him to telegraph his buys like that, but now I see that he was doing it on purpose to pump Bitcoin for himself to get rich and then dump on everyone. I'm not sure that's illegal though, but maybe we'll find out why soon enough. It looks like they've taken his passport now to try and stop him from fleeing the country. I'm sort of surprised he isn't already on a beach somewhere getting plastic surgery and a new identity, but maybe he is. This is the most interesting case since Razzlekhan.

i agree with you here, he should have disappeared by now. but maybe, he was not expecting that the authorities will indeed arrest him. or maybe, he has confidence that they can't detain him because there are no solid evidences for him. in this market, it is indeed hard to prove if the project is a ponzi or not. i guess, authorities will find another case against him so they can keep do kwon in jail.

OgNasty

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Quote from: bbc.reporter on September 14, 2022, 09:18:23 PM

News update.

It appears that there are 2 government regulators that have an arrest warrant for Do Kwon hehehe. Terra Luna might also be recorded in the crypto history books as the biggest ponzi schemes of the cryptospace. This is much bigger than Bitconnect.

How much was Bitconnect's highest market capitalization? Luna might have been more than 50 times bigger, I reckon.

South Korean court issued an arrest warrant for Do Kwon, CEO of Terraform Labs, four months after the collapse of the Terra ecosystem, its native luna token and its TerraUSD algorithmic stablecoin — which together wiped out some $40 billion in value.

Chosun Ilbo, a South Korean newspaper, was first to report the news. The warrant was issued by the Seoul Southern District Prosecutors' Office's Joint Investigation Team on Financial Securities Crimes (led by director Dan Sung-han) and 2nd Division of Financial Investigation (led by chief prosecutor Chae Hee-man), according to the report.

Kwon is currently believed to reside in Singapore, per the report, which stated that there have also been warrants issued for the arrest of Nicholas Platias, another of Terraform Labs’ founders, and Han Mo, another employee. They are charged with violating the Capital Markets Act.

Source https://www.theblock.co/post/169825/south-korean-court-issues-warrant-for-do-kwons-arrest

I'm very curious how this will turn out. I'm not sure there's evidence this was an actual Ponzi from the start, but I haven't cared much about the saga other than that I was saying how stupid it was for him to telegraph his buys like that, but now I see that he was doing it on purpose to pump Bitcoin for himself to get rich and then dump on everyone. I'm not sure that's illegal though, but maybe we'll find out why soon enough. It looks like they've taken his passport now to try and stop him from fleeing the country. I'm sort of surprised he isn't already on a beach somewhere getting plastic surgery and a new identity, but maybe he is. This is the most interesting case since Razzlekhan.

bbc.reporter

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News update.

It appears that there are 2 government regulators that have an arrest warrant for Do Kwon hehehe. Terra Luna might also be recorded in the crypto history books as the biggest ponzi schemes of the cryptospace. This is much bigger than Bitconnect.

How much was Bitconnect's highest market capitalization? Luna might have been more than 50 times bigger, I reckon.

South Korean court issued an arrest warrant for Do Kwon, CEO of Terraform Labs, four months after the collapse of the Terra ecosystem, its native luna token and its TerraUSD algorithmic stablecoin — which together wiped out some $40 billion in value.

Chosun Ilbo, a South Korean newspaper, was first to report the news. The warrant was issued by the Seoul Southern District Prosecutors' Office's Joint Investigation Team on Financial Securities Crimes (led by director Dan Sung-han) and 2nd Division of Financial Investigation (led by chief prosecutor Chae Hee-man), according to the report.

Kwon is currently believed to reside in Singapore, per the report, which stated that there have also been warrants issued for the arrest of Nicholas Platias, another of Terraform Labs’ founders, and Han Mo, another employee. They are charged with violating the Capital Markets Act.

Source https://www.theblock.co/post/169825/south-korean-court-issues-warrant-for-do-kwons-arrest

bbc.reporter

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@Daltonik. What is also head shaking is Su Zhu and 3 Arrows. They have already made their profit from the bull market, however, they took loans and traded on leverage. If they only waited for the bubble pop and if they have bought bitcoin, ethereum, also bluechip coins and tokens they would be richer than Bill Gates in 8 years hehehee.

Daltonik

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Quote from: bbc.reporter on June 20, 2022, 09:23:13 PM

In any case, what appears to be the bigger problem is Celsius and 3 Arrows Capital's collapse. It is speculated that Celsius holds billions in institutional investors' money which is also speculated that it has deployed and worth half of the whole TVL of defispace. The other problem is 3 Arrows Capital. They have billions of undercollaterized loans from the biggest cryptolenders, Nexo, Blockfi, Celsius, Genesis.

Celsius thoughtlessly invested users' funds in experimental DeFi protocols that had significant security gaps, for example, in December 2021, the BadgerDAO protocol was hacked by hackers, where Celsius lost $50 million, in February 2022, when the developers of the Stakehound protocol lost users' private keys, the losses of Celsius were estimated at 35,000 Eth ($70 million at that time), and the loss of $500 million during the collapse of Luna/UST, and I think this is only what is known at the moment.

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@Daltonik. He should be very responsible and it will not be very shocking if he will go to prison for this. However, these onchain analyst and security organization should rescan and confirm everything before publishing their findings. This is their responsibility.

In any case, what appears to be the bigger problem is Celsius and 3 Arrows Capital's collapse. It is speculated that Celsius holds billions in institutional investors' money which is also speculated that it has deployed and worth half of the whole TVL of defispace. The other problem is 3 Arrows Capital. They have billions of undercollaterized loans from the biggest cryptolenders, Nexo, Blockfi, Celsius, Genesis.

Daltonik

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Whatever it was, in fact, Do Kwon should be responsible for what happened to Luna by the way, a class action lawsuit was filed against Terraform Labs and its head Do Kwon in the court of the Northern District of California from Terra investors demanding to reimburse them the purchase price of Luna tokens. https://www.docdroid.net/fAFxC9p/terra-lawsuit-pdf

https://twitter.com/tier10k/status/1538151023692374016?ref_src=twsrc%5Etfw

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Quote from: Daltonik on June 14, 2022, 10:04:13 AM

Quote from: Wilhelm on June 12, 2022, 03:02:07 PM

<...>
Anyway he's just as guilty as Bernie Madoff for projecting false profits and blowing up.

I also think that this is so, especially since according to the investigation conducted by Uppsala Security, the wallet that caused the collapse of UST belonged to Terraform Labs, so investors suffered losses due to the actions of Terra.

https://sentinel-protocol.medium.com/part-1-debunking-the-lunatic-conspiracy-what-you-didnt-know-about-the-activities-behind-the-57227b75d5a6

I do not know where to find Binance's analysis, however, it appears that CZ is telling everyone that Uppsala Security's assumption that the address or some of those addresses mentioned in their analysis is wrong and they do not belong to Terraform Labs.

Based on our analysis, this report is wrong. Not defending Terra, I have criticized them heavily. Just pointing out a mistake. Cunningham's law. The address in the article does not seem to belong to Terra.

Source https://mobile.twitter.com/cz_binance/status/1537930945981841415?s=12&t=swxOClSHPwlqYmhE99_e1w

Also, according to this article, Luna's whistleblower has also mentioned that the address is Kucoin's hot wallet.

The report caused further panic in the Terra community after it went viral. Interestingly, popular Terra whistleblower FatMan slammed the report as false on the grounds that the address does not belong to Terra developers, as claimed by Coindesk and Uppsala Security.

FatMan said the address belongs to a KuCoin hot wallet as opposed to being owned by the TFL team.

“I am disappointed that an outlet as prestigious as CoinDesk Korea would publish this without running basic checks,” FatMan said.

Source https://cryptonews.net/news/altcoins/8418303/

Topic: Terra cofounder Do Kwon is the one who is pumping Bitcoin - page 3. (Read 2558 times)