Kwon

 Last year's crypto-market meltdown triggered a series of bankruptcies that almost completely reshaped the digital-asset industry. This year, government watchdogs appear to be arriving on the scene to finish the job.The past week saw the industry hit with another deluge of enforcement news, from the SEC's threat to take legal action against Coinbase Inc. and its suit against the Tron blockchain network to the apprehension of crypto fugitive Do Kwon. Even celebrity crypto promoters like actress Lindsay Lohan and rapper…

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…

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 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…

Authorities are verifying the identity of the former South Korean cryptocurrency king, who was apprehended at the Podgorica airport with forged documents. In February, the Securities and Exchange Commission filed a civil lawsuit against Kwon and Terraform Labs in Manhattan federal court, accusing them of…

Do Kwon has been cited by the SEC for allegedly misleading investors on multiple fronts, including allegedly lying about how stable its stablecoin was. Screenshot: Terra/YouTubeDo Kwon, the erstwhile CEO of Terraform Labs and its infamously unstable stablecoin Terra, now has another reason to remain on the lam. The U.S. Securities and Exchange Commission alleged he and his company transferred 10,000 bitcoin worth hundreds of millions of dollars out of the Terra/Luna project before it inevitably went bust in May last year.…

The US Securities and Exchange Commission (SEC) has charged Singapore-based collapsed crypto blockchain platform Terraform Labs and its founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud.According to the SEC's complaint, from April 2018 until the scheme's collapse in May 2022, Terraform and Kwon raised billions of dollars from investors by offering and selling an inter-connected suite of crypto asset securities, many in unregistered transactions.According to the SEC's complaint,…

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…

A screenshot from the FTX ad featuring comedian Larry David that ran during the Super Bowl in February 2022.Screenshot: FTX / YouTubeThe Department of Justice and Securities and Exchange Commission are investigating FTX, a crypto platform that halted withdrawals on Tuesday, according to a new report from the Wall Street Journal. And while the SEC’s investigation has reportedly been going “for months,” the agency’s scrutiny has only expanded this week following the liquidity crisis at FTX, which has caused the entire…

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…