Do Kwon to be released on $436K bail ahead of criminal trial in Montenegro
Terraform Lab's Do Kwon and Han Chang-joon would be subjected to house arrest under police supervision on a €400,000 (approximately $436,000) bail each.
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South Korean prosecutors seize $176M belonging to Terraform Labs founder
The $176 million assets linked to Do Kwon that were seized by South Korean authorities include a posh office complex, a car fleet, and a Galleria Foret apartment in the capital Seoul.
Terra’s Do Kwon stands to face longest jail term over financial crime, South Korea says in extradition fight
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.
Terraform Labs wants US lawsuit dismissed since LUNA/UST was developed overseas
The lawsuit should be dropped as its protocols were developed overseas, according to Terraform Labs. It had been sued for selling unregistered securities.
South Korea formally charges Daniel Shin and 9 accomplices over Terra collapse
Daniel Shin has continued to protest his innocence in the Terra debacle, with his lawyers arguing that he parted ways with the company in 2020 to start a new venture.
Do Kwon faces up to 5 years in Montenegrin jail over fake passport charges
Do Kwon and his accomplice Han Chang-joon were arraigned before a Montenegrin Basic Court for holding fake Costa Rican passports—both could face up to five years if convicted.
Prosecutors reveal Do Kwon’s lawyers received $7M before Terra’s implosion
Terraform Labs' execs have anticipated the implosion of the Terra project only grew stronger following the discovery of a $7 million payment to law firm Kim & Chang, authorities said.
IMF reminds policymakers of need for tighter digital currency regulations
The IMF insists that stringent laws and heightened monitoring of the digital asset market are crucial to prevent the recurrence of the implosions that rocked the global financial ecosystem in 2022.
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.
South Korea: Over $160M seized from Terra employees linked to 2022 collapse
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.
South Korea prosecutors fail to secure arrest warrant for Terra co-founder anew
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.
Do Kwon to stand trial over falsification of travel documents amid extradition tussle
South Korea and the United States are in a tug-of-war game on who gets to keep embattled Terraform Labs founder Do Kwon, who is set to stand trial in Montenegro before his extradition could be processed.