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Do Kwon

Do Kwon: Do Kwon: South Korea’s crypto ‘genius’ turned disgraced fugitive

Once hailed as a genius, South Korean entrepreneur Do Kwon -- now facing multiple criminal charges over his failed cryptocurrency -- was a brash industry figure whose fame disintegrated into global notoriety.After months on the run, the 31-year-old, whose full name is Kwon Do-hyung, was arrested Thursday in Montenegro after being caught trying to catch a flight using fake Costa Rican travel documents.He is accused of fraud over the dramatic implosion last year of his company Terraform Labs, which wiped out about $40…

Detained Crypto Fugitive Do Kwon Faces Extradition to U.S. and South Korea

Terra co-founder Do Kwon, the man who arguably started the crypto collapse last year who was definitely not on the lam, was finally arrested Thursday. Now there are multiple countries, including Montenegro, South Korea, and the U.S. who are calling dibs on the failed crypto founder, making him a far more desirable commodity than any kind of crypto he’s recently tried pushing.The U.S. Attorney’s Office for the Southern District of New York is seeking Kwon’s extradition to the United States, according to Nicholas Biase, the

Terra Founder Do Kwon Arrested In Montenegro

Terra USD Bitcoin founder Do Kwon has been arrested in Montenegro after months on the run, according to Montenegrin officials. Interior Minister Filip Adzic announced on Twitter that a suspect believed to be Kwon was arrested and detained at an airport in Podgorica, saying he was found in possession of false documents.“Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Kwon, co-founder, and CEO of Singapore-based Terraform Labs,” Adzic tweeted.The former…

On the Lam Terra Founder Do Kwon Reportedly Traced to Serbia

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

Martin Shkreli Tells Do Kwon ‘Jail’s Not That Bad’ on a Podcast

If you find yourself listening to free advice from notorious fraudster and pharmaceutical price-gouger, Martin Shkreli, then it might be time to re-evaluate some things. And that’s exactly the scenario Do Kwon, Terra’s disgraced CEO and “not on the run” fugitive, ended up in on a Tuesday podcast stream.Star Wars: Shatterpoint Announcement Trailer02:27The First Things To Do In VR, Part 3Yesterday 9:39AMBoth the “pharma bro” and the crypto-crash king made surprise guest appearances on a live streamed episode of Up Only, a…

Terra Founder Claims Fraud Allegations ‘Politically Motivated’

Do Kwon once hosted several live AMAs on the Terra YouTube channel, but since the collapse of Terra and the subsequent arrest warrant, he’s been keeping a far more low-key profile.Screenshot: Terra/YouTubeDo Kwon, the founder of failed crypto project Terra, the leader of failing crypto project Luna 2.0, and man hiding from his native country’s prosecutors for alleged violations of financial securities law, is—all in all—“a little disappointed” in the way things are going for him. On the latest episode of the Unchained

Terraform Labs Co-Founder Do Kwon ‘Making Zero Effort To Hide’

Photo: T. Schneider (Shutterstock) International crime-fighting agency Interpol reportedly issued a notice instructing law enforcement agencies worldwide to arrest Terraform Labs co-founder and CEO Do Kwon. Somehow, Kwon is still trying to convince the world, and likely himself, that he’s in fact, not on the run.South Korean prosecutors claim Interpol issued the so-called “red notice” this week to encourage law enforcement agencies to hunt Kwon down, according to a Wall Street Journal report. Interpol did not immediately

Prosecutors Enlist Interpol in Manhunt for Do Kwon

Terraform Labs co-founder Do Kwon says he’s “not on the run.” South Korean prosecutors say he won’t cooperate.Photo: T. Schneider (Shutterstock)Two days after Terraform Labs cofounder and CEO Do Kwon tweeted that he was “not on the run,” South Korean authorities have asked Interpol to locate and arrest the executive because he is allegedlynot cooperating with the investigation into the collapse of the company’s stable coins, TerraUSD and Luna. The decision by South Korean prosecutors to loop in Interpol, reported by the

Korean Officials Try Revoking Terraform Labs Founder’s Passport

Photo: T. Schneider (Shutterstock)South Korean officials are reportedly taking steps to revoke Terraform Labs founder Do Kwon’s passport less than 24 hours after courts issued a warrant for his arrest for allegedly violating the country’s capital-markets law. Kwon’s company developed the Luna and TerraUSD so-called “stable coins” which collapsed in May, ultimately tanking the price of Bitcoin and helping usher one of the worst crypto winters in the industry’s history.Prosecutors pursuing Kwon, Bloomberg reports, sent a

Police Issue Arrest Warrant for Crypto CEO Do Kwon

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