US authorities charge South Korean crypto developer Do Kwon with fraud

Crypto-sof Terra founder arrested in Montenegro: South Korea and US line up for extradition

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 […]

South Korea to seek extradition of Luna crypto founder

South Korea has said it would seek the extradition of fugitive crypto entrepreneur, Do Kwon, following the Terraform founder’s arrest in Montenegro and immediate slamming of fraud charges by United States. Prosecutors made this known to AFP on Friday. Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company’s dramatic

Terra cryptocurrency founder arrested in Montenegro

The Terra cryptocurrency collapsed in 2022, causing investors to lose $40 billion

US prosecutors charge crypto Terra founder Do Kwon with fraud following his Montenegro arrest

US fraud prosecutors charged Terraform Labs CEO Do Kwon with an eight-count indictment, including securities and commodities fraud and conspiracy.

US, South Korea both seek Do Kwon's extradition to face charges

A spokesperson of South Korean prosecutors told TechCrunch that they are discussing with "related parties" about extraditing Do Kwon.