Do Kwon

FTX founder and former CEO Sam Bankman-Fried announced via Twitter Friday that FTX US, FTX Trading, quantitative research firm Alameda Research and 130 additional affiliated companies to the FTX Group have commenced voluntary proceedings under Chapter 11 bankruptcy. That begs a very...

Martin Shkreli, who became known for raising the price of a lifesaving drug by 5,000%, discussed the potential merger of the cryptocurrency exchange FTX with rival Binance Tuesday with Do Kwon, a South Korean fugitive. What Happened: “This is a depressing conversation,” Kwon said...

Terraform Labs founder Do Kwon has been accused by South Korean prosecutors of allegedly instructing one of his employees to manipulate the price of Luna Classic (CRYPTO: LUNC), formerly Terra (LUNA) token. The prosecutors used messenger interactions between Kwon and his...

A Singapore-based court is set to hear a lawsuit filed by over 350 international investors against the co-founder of embattled Terraform Labs Do Kwon. The investors claim to have lost about $57 million due to the collapse of the Terra blockchain and the subsequent crash of its native token Luna,...

Beleaguered cryptocurrency lender Hodlnaut had downplayed its exposure to the Terra ecosystem and its sister token Luna (CRYPTO: LUNC) created by fugitive Do Kwon in the run-up to and after its crash and had suffered a nearly $190 million loss as it collapsed, according to the findings of an...

The founder of the collapsed crypto Terra (CRYPTO: LUNA) and terraUSD, Do Kwon, is believed to be in Dubai after fleeing from Singapore.  South Korean prosecutors have said a report of Kwon leaving Singapore and flying to Dubai, likely as a stopover to unknown...

The Luna Foundation Guard (LFG), a non-profit organization built to support the Terra (CRYPTO: LUNA) system, has said that due to ongoing legal battles, it has not been able to pay back smallholders of its collapsed Stablecoin.  1/ Since $UST’s depeg in May, there has been understandable...

South Korean authorities have apprehended the first suspect in the collapse of the Terra blockchain ecosystem. On Oct. 6, reports of Yoo Mo's arrest as the leader of Terraform Labs' business team surfaced in the Korean media. Later, district prosecutor Choi Sung-kook verified the reports to...

The beleaguered TerraForm Labs CEO Kwon Do-hyung, also known as Do Kwon, denied reports on Wednesday that South Korean prosecutors have frozen Bitcoin (CRYPTO: BTC) assets worth 56.2 billion won ($39.6 million) of Terra Luna Foundation. South Korea's News1 reported that on...

Amid reports that the beleaguered founder of Terra blockchain Do Kwon moved 3,313 Bitcoin (CRYPTO: BTC) to two cryptocurrency exchanges outside South Korea just after an arrest warrant was issued against him, KuCoin CEO Johnny Lyu on Monday said the crypto exchange was working to cooperate with the...

Amid reports that the Luna Foundation Guard [LFG] moved 3,313 Bitcoin (CRYPTO: BTC), worth over $69 million, to two crypto exchanges outside South Korea after an arrest warrant was issued for Do Kwon, the beleaguered Terra blockchain founder on Wednesday claimed he had not used the platforms in...

In a new turn of events surrounding the beleaguered founder of Terra (CRYPTO: LUNA) blockchain Do Kwon, who has a red notice issued against him by Interpol, Luna Foundation Guard [LFG] moved 3,313 Bitcoin (CRYPTO: BTC) totaling more than $69 million to two cryptocurrency exchanges located outside...

Even as Interpol has issued a red notice alert for Do Kwon, founder, and CEO of Terraform Labs that wiped out $40 billion of investors' money, the native asset of the old Terra Chain rose by over 40% on Monday. The move came after Binance announced a system of destroying Luna (CRYPTO...

Do Kwon, founder of the collapsed crypto Terra (CRYPTO: LUNA) and terraUSD, has been issued an international arrest warrant over the collapse of his blockchain platform Terraform Labs and multiple criminal charges slapped by South Korea. What Happened: The ...

The founder of the collapsed crypto Terra (CRYPTO: LUNA) and terraUSD, Do Kwon on Sunday denied that he was on the run after the Singapore police said he was no longer in the country.  Last week, South Korean authorities issued an arrest warrant for Kwon and five...