Do Kwon

The South Korean Ministry of Finance has declared that it is seeking to revoke the passports of Do Kwon, a co-founder of Terra blockchain, and five other individuals associated with the beleaguered project, according to a report. Korean news outlet Munhwa Ilbo stated Dan Sung-Han, the director...

A new meme coin calling for the arrest of Do Kwon has seen a massive surge in price following South Korean authorities issuing an arrest warrant for the Terra (CRYPTO: LUNA) founder. What Happened: A newly launched meme coin called JailKwon (CRYPTO: JKWON) soared 500% to a...

South Korean authorities have issued an arrest warrant for Terra (CRYPTO: LUNA) founder Do Kwon and five others in connection with the Terraform Labs case, Bloomberg reported on Wednesday. What Happened:  A local media publication reported earlier on...

Do Kwon, founder of Terraform Labs, recently spoke with cryptocurrency media company Coinage in Singapore — his first media interview since the collapse of Terra Luna earlier this summer. Here's what he discussed: Before Terra collapsed, Kwon and Terraform Labs bought billions of dollars...

Stablecoins represent a class of cryptocurrencies that are meant to preserve value over time. Unlike traditional cryptocurrencies, stablecoins obtain their value from an underlying asset or algorithm. Fundamentally, stablecoins are either algorithmic or collateralized. Stablecoins that are...

Anonymous, the infamous hacker collective, has pledged to join the investigation into Do Kwon now being undertaken by governments to hold the Terra (CRYPTO: LUNA) founder accountable for his actions. What Happened: In a video uploaded by Anonymous on its official YouTube website...

A lawsuit has been filed in U.S. District Court, Northern District of California, by Scott+Scott Attorneys at Law, against Terra (CRYPTO: LUNA) founder Do Kwon and his developer company Terraform Labs. In the lawsuit, it is stated that Kwon's project team  misrepresented Terra's ...

Terra (CRYPTO: LUNA) founder Do Kwon has now come on Twitter to refute allegations against him about cashing out funds from the company.  On Thursday, TerraForm Labs (TFL) employees said that $80 million of company funds were sent to “secret wallets” every month before the LUNA...

Dogecoin (CRYPTO: DOGE) co-creator Billy Markus and other prominent crypto industry watchers were unsurprised at the latest allegations against Terra’s (CRYPTO: LUNA) parent Terraform Labs (TFL) and founder Do Kwon. What Happened: On Thursday, Watcher News reported that TFL employees have...

A new report claims that Do Kwon, Founder of TerraForm Labs and Terra (CRYPTO: LUNA), intentionally hiked Anchor Program’s interest from 3.6% to 20%, despite warnings. What Happened: Mr. B, a designer on Terra’s Anchor Protocol, disclosed to Korean media outlet JBTC, on June 6, that Do...

Terra’s (CRYPTO: LUNA) outspoken founder Do Kwon joked about a Tinder-style token earn mechanism as the ecosystem builders clashed over their share of fund allocation. What Happened: Terra Research Forum’s FatMan shared snapshots of “behind the scenes” conversations on Terra...

CEO of Binance Changpeng Zhao says that his company initially invested $3 million in the much-hyped Terra (CRYPTO: LUNA) project in 2018. In return, Binance received around 50 million LUNA.    But in a recent Twitter post, he indicated that Binance ultimately lost $1.6...

Recent data indicates that three thousand primary wallets, with multiple links to Terraform Labs, saw an outflow of over $6 billion prior to the de-peg of TerraUSD (CRYPTO: UST). This strategic exit prior to the extreme loss faced by retail investors brings numerous ethical and legal concerns...

Terraform Labs, the company behind Terra (CRYPTO: LUNA), has reportedly laundered $4.8 million through a South Korean shell company. What Happened: According to a report from South Korean publication KBS News, a former developer at Terraform Labs told the publication...

Terra’s (CRYPTO: LUNA) founder Do Kwon was reportedly aware of critical flaws in its algorithmic stablecoin TerraUSD’s (CRYPTO: UST) mechanism but pushed for the launch anyway. What Happened: According to a report from South Korean news outlet JTBC, authorities have summoned former...