Tag

Cryptocurrency Crash

All articles tagged with #cryptocurrency crash

Crypto's Most Wanted: The Elusive Fugitive on the Run
cryptocurrency2 years ago

Crypto's Most Wanted: The Elusive Fugitive on the Run

Do Kwon, a fallen crypto tycoon, is being hunted by U.S. and South Korean authorities for his role in the crash of TerraUSD and Luna, which wiped out $40 billion from the cryptocurrency markets. Kwon, who faces charges of fraud and violations of capital-markets laws, went into hiding after his Singapore home was raided. He was eventually captured in Montenegro, where he had been living under a fake passport. The U.S. and South Korea are now battling for his extradition.

Do Kwon's Assets Frozen, Lawyers Propose Bail Ahead of Trial.
cryptocurrency2 years ago

Do Kwon's Assets Frozen, Lawyers Propose Bail Ahead of Trial.

South Korean courts have frozen $2 billion worth of assets tied to Do Kwon, the CEO of Terraform Labs, as part of an investigation into the collapse of cryptocurrencies Terra Classic and Luna Classic. Kwon is facing criminal charges in the United States and is awaiting trial in Montenegro for passport fraud charges. The asset freeze prevents Kwon from disposing of assets or profits obtained through criminal activities. The frozen assets include luxury cars, apartments, financial holdings, and cryptocurrencies held in various exchanges.