Kwon

Cryptocurrency entrepreneur Do Kwon will likely miss at least the start of a March 25 civil trial on US Securities and Exchange Commission fraud charges because of a delay in extraditing him from Montenegro, his lawyer said on Monday.In a letter filed in federal court in Manhattan, Kwon's lawyer David Patton said Kwon will not seek to adjourn the trial date, regardless of when he is ultimately extradited. Patton had made a similar pledge in January.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Countries and global institutions must work together to harmonise efforts to tackle issues around artificial intelligence (AI), and India has a major part to play in this conversation, OpenAI chief strategy officer Jason Kwon said at the Global Business Summit on Saturday.“AI is a global issue, and we need a global approach to govern it,” he said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional…

A federal judge ruled on Thursday that cryptocurrency entrepreneur Do Kwon and his company Terraform Labs violated US law by failing to register two digital currencies that collapsed in 2022.US District Judge Jed Rakoff in Manhattan sided with the Securities and Exchange Commission in its case stemming from the implosion of the TerraUSD and Luna currencies.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK Advanced Data…

Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry.Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the company pleaded guilty on Tuesday to sweeping US money laundering violations and agreed to fines of more than $4 billion. Here are three of the highest-profile crypto executives who have fallen foul of the law since last year: - Changpeng 'CZ' Zhao…

Terraform Labs co-founder Do Kwon will spend some months in jail, but he should be more concerned about whether South Korea or the U.S. will nab him next.Image: July Ko (Shutterstock)Failed crypto founder Do Kwon is now facing a stint behind bars, not due to his many alleged crypto crimes, but for his very shady passports. On Monday, Montenegro’s basic court announced it had sentenced Kwon and his compatriot, former Terra chief financial officer Han Chong-joon, to four months in jail. The pair had been arrested earlier…

Terraform Labs founder Do Kwon is wanted in South Korea and the US for a scheme that lost investors $40 billion when the company's cryptocurrency plummeted last year — but, for now, he will sit in a Montenegrin prison. Kwon has been found guilty on charges of forging official documents and sentenced to four months in jail after a late March arrest while trying to board a flight to Dubai from Podgorica Airport with fake Costa Rican passports, local newspaper Vijesti reported. Han Chang-joon, Terraform Labs' former finance…

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…

Do Kwon was arrested two months ago for allegedly trying to fly to Dubai with a forged passport. He was allowed a limited release on bail set at $436,000.Photo: Risto Bozovic (AP)Former Terraform Labs CEO Do Kwon, alongside his compatriot and former chief financial officer Han Chong-joon have been on the run from international police for months. They were arrested in Montenegro for allegedly holding two fake passports. None of that was enough to stop the Montenegrin court from offering the pair release on bail for around…

Do Kwon, notorious crypto entrepreneur and recent international fugitive, spent months evading arrest—despite claims that he was “not on the run.” Yet now that he’s been detained, his attorneys are hoping for the flitting fugitive’s release on bail. Spoilers of the Week | June 3rdKwon, the founder and CEO of the now-collapsed crypto platform Terraform Labs, was finally apprehended in Montenegro in March. According to the European country’s officials, he was caught attempting to board a flight to Dubai with fellow…

South Korea and the US are seeking the extradition of Do Kwon, an international fugitive accused of a multibillion-dollar fraud, and another suspect arrested in Montenegro last week, the Montenegrin Justice Minister Marko Kovac said on Wednesday. Do Kwon, a South Korean national, is a cryptocurrency entrepreneur and former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in May 2022 and roiled cryptocurrency markets. A US indictment announced last week charged Do Kwon, who…