US authorities charge South Korean crypto developer Do Kwon with fraud

Summary by Ground News

Do Kwon, the founder of Terraform Labs, was arrested in Montenegro Thursday morning. He is wanted in South Korea and the U.S. on fraud charges. Kwon is facing eight criminal indictments, including securities fraud and conspiracy, for his alleged roles in what wiped out about $40 billion from the crypto market.

Published 2 months ago · Washington, United States

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The Star Kuala Lumpur

S. Korea to seek extradition of crypto fugitive Do Kwon

SEOUL (AFP): South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday (March 24), after the Terraform founder was arrested in Montenegro and hit with US fraud charges.

2 months ago·Malaysia

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The Hill

US authorities charge South Korean crypto developer Do Kwon with fraud

A South Korean crypto developer was charged on Thursday by U.S. prosecutors for allegedly defrauding investors about his two digital currencies — Terra and Luna — that collapsed last year, according to news reports. Do Kwon, who was arrested on Thursday by authorities in Montenegro, was indicted by Manhattan federal prosecutors who accused him of […]

2 months ago·Washington, United States

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Malay Mail

South Korea to seek extradition of crypto fugitive Do Kwon

SEOUL, March 24 — South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges. Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company’s dramatic collapse last year, which wiped out about US$40 billion (RM177 billion) of investors’ money and shook global crypto markets. The 31-year-old wa…

2 months ago·Selangor, Malaysia

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