Published 6 months ago

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.

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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.

6 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 […]

6 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…

6 months ago·Selangor, Malaysia

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Business Insider

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.

6 months ago·United States

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TechCrunch

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.

6 months ago·United States

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Le Monde

Do Kwon, the founder of the cryptocurrency Terra, indicted for fraud by the United States

A federal jury in New York on Thursday upheld no fewer than eight charges against the 31-year-old South Korean, who was arrested the same day in Montenegro. The fall of his company last year caused investors to lose nearly $40 billion, and shook the global cryptocurrency market.

6 months ago·Paris, France

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