Daniel Shin

Do Kwon has pleaded not guilty to charges he faked passports and tried to leave Montenegro. He’s facing even more serious charges in both the U.S. and South Korea.Photo: Risto Bozovic (AP)It turns out that Do Kwon, the man whose Terra stablecoin led to a $40 billion loss in the crypto industry, won’t get out of jail for a few hundred thousand dollars. On Wednesday, a Montenegrin court nixed an earlier deal to give Kwon bail, meaning the man will have to remain in jail while awaiting trial over allegations he tried to skip…

The crypto avalanche caused by the collapse of the Terra (not-so-stable) stablecoin last year has yet to recede. The fallout has been so rocky that even former execs at the company are now ensnared in prosecutors’ grasp. On Tuesday, South Korean prosecutors announced they had indicted nine former Terra staff along with co-founder Daniel Shin for their alleged roll in the failed crypto project. How Ewan McGregor Helped Bring Back Obi WanAccording to a release from the Seoul Southern District Prosecutors’ Office, Shin and…

Do Kwon, a co-founder and CEO of Terraform Labs, has not been back to his home country of South Korea since the country’s prosecutors put out an arrest warrant for him back in September.Screenshot: Terraform Labs/YouTubeThe once-famed and now notorious crypto founder Do Kwon’s “totally unprompted” world tour now has him holed up in Serbia, according to reports citing the South Korean prosecutor’s office tasked with arresting the 31-year-old.The Korean news outlet Yonhap wrote early Monday local time that the Seoul…

Do Kwon had said in recent interviews that despite investigations into his company, nobody had been charged with a crime. That changed early Wednesday when Korean prosecutors put a warrant out for Kwon’s arrest.Screenshot: CoinageOver four months after the collapse of TerraUSD tore down the crypto marketplace, South Korean police are currently on the hunt for Do Kwon (and other top people behind Terraform Labs) over allegations of fraud and tax evasion.02:49Guess How Much Crypto's Been Stolen Lately? Part 2Yesterday…

Do Kwon used swagger and a cultlike Twitter following to build a cryptocurrency empire that collapsed last month in a $40 billion crash. Now, despite angry investors, government investigations and a crypto-market downturn, the South Korean entrepreneur is attempting a comeback.“I have great confidence in our ability to build back even stronger than we once were,” Mr. Kwon told The Wall Street Journal. Mr. Kwon has championed the launch of a new…