Prosecutors reveal Do Kwon’s millions are not in South Korea: report
Following the absence of Do Kwon’s funds in South Korea, prosecutors have written to Binance to freeze digital assets linked to the embattled Terraform Labs founder.
Following the absence of Do Kwon’s funds in South Korea, prosecutors have written to Binance to freeze digital assets linked to the embattled Terraform Labs founder.
Arbitrum's market maker, Wintermute, received $40 million of ARB from Arbitrum as part of the $1 billion allocation.
Documents from the Serbian Business Registry confirmed that Kwon established a company called Codokoj22 d.o.o. Beograd with the principal business activity being consultancy services.
Do Kwon was arrested boarding a flight to Dubai with a second suspect, with forged Belgian and Costa Rican passports; meanwhile, the U.S. Department of Justice has unveiled eight charges against him.
Building on the SEC's earlier announcement, the U.S. DOJ and FBI are reportedly pursuing fraud charges against Terraform Labs CEO Do Kwon in relation to the collapse of TerraUSD stablecoin in May.
Law enforcement authorities in Singapore are probing Terraform Labs for evidence of fraudulent activity or complicity in the de-pegging of its TerraUSD.
Prosecutors alleged that the e-commerce CEO, who was identified only as Mr. A, played a major part in the collapse of Terra and may have colluded with co-founder Daniel Shin.
Terra founder Do Kwon's future is looking bleak as the U.S. SEC cements the allegations against him that resulted in the collapse of the trading system by formally filing charges.
South Korean news outlets speculate that Do Kwon has been hiding out in Serbia since December 2022, but Terra’s fugitive founder continues to protest his innocence via Twitter.
In a 'town hall' meeting on January 25, U.K.-based digital assets exchange Luno revealed that around 35% of them were out of a job.
3AC founders came out swinging against SBF's FTX and DCG's Barry Silbert, accusing the two of colluding to attack Terra and, by extension, 3AC, as well as engaging in a Ponzi scheme.
2022 witnessed the dashing dreams of BTC loyalists who called for the price to hit $100k, given their infallible plan to get rich by HODLing, while the Defi crowd got their time in the sun.