Terraform Labs co-founder on S.Korea crosshair following Do Kwon arrest
Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra's collapse.
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Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra's collapse.
South Korean prosecutors have recently made a fresh effort to arrest Daniel Shin, a financial technology entrepreneur who played a significant role in co-founding the Terraform Labs crypto project, as per Bloomberg.
Federal prosecutors in New York have filed charges against Terraform Labs co-founder Do Kwon hours after his arrest at the Podgorica airport in Montenegro on Thursday.
According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents.
Do Kwon, the co-founder of Terraform Labs, is reportedly appealing the court's decision to extend his detention time for up to 30 days. Kwon was arrested in Montenegro while attempting to fly to Dubai with fake documents.
Terraform Labs co-founder Do Kwon will appeal the Montenegrin court's decision to extend his detention time for up to 30 days. Kwon was caught using fake documents at the airport and was detained due to the high possibility of escape.
A legal representative of Kwon confirmed the appeal against the Montenegrin court's decision to detain the entrepreneur for 30 days longer than usual.
Do Kwon, the founder of the failed crypto network Terraform Labs, was arrested on Thursday, Mar. 23, after months of evading authorities and regulators
The news in circulation is that South Korea could reach a deal for Terraform Labs CEO Do Kwon to be extradited to China. Do Kwon was apprehended by authorities in Montenegro after he used fake documentation to enter the country.
According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World explores how crypto exchanges make money amid an industry wide downturn and regulatory reckoning.
South Korea is seeking the extradition of crypto entrepreneur Do Kwon, founder of Terraform, after he was arrested in Montenegro on charges of fraud by
Lisa Braganca says the Terraform Labs founder and his team knowingly reached out to U.S. investors, despite being based in Singapore.
Terraform Labs founder Do Kwon stood before a Podgorica Basic Court on Friday to answer for forgery charges after his arrest.The wanted crypto mogul was arrested with fake Belgian and Costa Rican passports on his way to Dubai in a private jet.Federal prosecutors from New York indicted Kwon on fraud and securities charges in addition to a lawsuit from the SEC. Terraform Labs Founder Do Kwon was charged with travel document forgery and arraigned before a Podgorica Basic Court on Friday along with an associate identified as Han Chang-joon.
Exclusive footage obtained by journalist Isabel Hunter shows Do Kwon, the founder of Terraform Labs, being led out of a Montenegrin court in handcuffs
Yahoo Finance's David Hollerith joins the Live show to discuss Terraform Labs co-founder Do Kwon's criminal charges.
U.S. prosecutors are charging Kwon with eight different counts of fraud.
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 rattled global cryptocurrency markets.
Terraform Labs founder and crypto fugitive Do Kwon has been charged with eight counts of fraud in New York after his arrest in Montenegro.
Also today, as the SEC warns consumers about crypto, Coinbase reveals how it's planning to fight back.
The Terra co-founder reportedly attempted to leave Montenegro and fly to Dubai using Costa Rican travel documents.
Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.
A grand jury in Manhattan supposedly charged Kwon with securities fraud, commodities fraud, and conspiracy.