South Korea is in an extradition battle with the United States for Do Kwon, who is currently facing passport forgery charges in Montenegro, as it promises a long sentence.
The lawsuit should be dropped as its protocols were developed overseas, according to Terraform Labs. It had been sued for selling unregistered securities.
Arbitrum's market maker, Wintermute, received $40 million of ARB from Arbitrum as part of the $1 billion allocation.
Authorities in South Korea insist that while an investigation into Terra's collapse is ongoing, asset seizures are necessary to prevent suspects from disposing of funds that could be key to solving the case.
Despite facing multiple charges, a district court judge has—for the second time—ruled against issuing an arrest warrant to Daniel Shin, noting his compliance with law enforcement agencies.
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.
South Korea is exhausting all means to bring justice to the victims of the collapse of Terra, with prosecutors now considering issuing an extradition order to Do Kwon.
Law enforcement authorities in Singapore are probing Terraform Labs for evidence of fraudulent activity or complicity in the de-pegging of its TerraUSD.
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.
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.
