Do Kwon

Do Kwon, founder of Terraform Labs, allegedly transferred 9 billion won ($7 million) to South Korean law firm Kim & Chang just before the collapse of the crypto platform in May 2022, according to a new report. Kim & Chang has not provided details about the specific case but stated that it...

A recent report has revealed that Terra (CRYPTO: LUNA) cofounder Do Kwon, who was arrested in March for his alleged role in the collapse of the $40 billion Terra ecosystem in May 2022, appears to have converted most of his properties into Bitcoin (CRYPTO: BTC). The...

South Korean authorities have reportedly confiscated approximately $160 million worth of assets from eight individuals associated with the collapse of Terraform Labs (Terra) (CRYPTO: LUNA), including co-founder Daniel Shin. The Seoul Southern District Prosecutor's Office seized around 210...

Do Kwon, the co-founder of Terraform Labs Pte, is reportedly in jail in Montenegro, awaiting extradition for alleged involvement in a cryptocurrency fraud that resulted in the loss of $40 billion in market value.  What Happened: The U.S. and South Korea have both charged Kwon and are...

Montenegro has charged South Korean fugitive and cryptocurrency entrepreneur Do Kwon with forgery, and he is expected to face extradition proceedings in court. Kwon is accused of fraud following his company's abrupt collapse in 2022, which erased about $40 billion of investor funds and...

Minister of the Interior of Montenegro, Filip Adzic, on Thursday, announced the arrest of an individual suspected to be Do Kwon, co-founder of Terra Luna (CRYPTO: LUNA), within the Balkan nation's borders. Local news outlet Vijesti later confirmed the tweet's authenticity and that the...

The U.S. Department of Justice is reportedly investigating the collapse of TerraUSD (CRYPTO: LUNC), a stablecoin created by South Korean crypto entrepreneur Do Kwon. This could potentially result in criminal charges against Kwon. Citing sources familiar with the matter, a Wall Street Journal report...

The Singaporean police on Monday announced that they have started an investigation related to Terraform Labs Pte, the company co-founded by cryptocurrency fugitive Do Kwon. In a statement, police revealed that they have begun inquiries into Terraform Labs, adding that the investigations are still...

Terraform Labs founder Do Kwon is once again at the center of a high-profile cryptocurrency scandal, with the U.S. Securities and Exchange Commission filing a lawsuit against him and his company, alleging that they engaged in fraudulent activities that led to losses of at least $40 billion....

Terraform Labs and its CEO Do Kwon, are facing fraud charges brought by the Securities and Exchange Commission (SEC) Thursday for the alleged sale of unregistered securities and misleading investors. What Happened: The charges stem from Terraform and Kwon's offering and sale of crypto...

It's no surprise that 2022 was a turbulent year for global markets. The U.S. stock market plunged over 15%, while bond and crypto markets fell by more than 20% and 50%, respectively, from their peak a year ago to around Christmas. Investors saw significant losses as fears of economic...

As we near the end of 2022 and take a moment to reflect on the year's biggest cryptocurrency and blockchain stories, let's look back on the humor that it brought. From meme-worthy moments to downright bizarre, there's certainly been no shortage of funny crypto-related tweets this year....

Tron founder Justin Sun announced on Monday he swapped nearly $773,000 worth of Tron’s native stablecoin (CRYPTO: USDD). Sun imitated Terraform Labs CEO Do Kwona's tweet from just before Terra's bankruptcy in May by writing, "Deploying more capital—steady...

Terraform Labs co-founder and CEO Do Kwon, wanted internationally in relation to the collapse of the Terra ecosystem, has traveled from Dubai to Serbia, where he is currently hiding. Terraform Labs was the company behind the creation of the stablecoin terraUSD (CRYPTO: USTC), which was de-pegged...

U.S. federal prosecutors have reportedly launched an investigation into whether Sam Bankman-Fried manipulated prices of TerraUSD (CRYPTO: USTC) and Luna (CRYPTO: LUNA) to benefit the entities he owned — cryptocurrency exchange FTX and Alameda...