Kwon

Do Kwon, the Terraform Labs founder who says he’s “making zero effort” to hide from South Korean authorities investigating him for violating the country’s capital markets laws may be “vacationing” in Europe.South Korean prosecutors this week said local reports placing Kwon in Europe were “not false,” according to Bloomberg. Kwon, who’s been on the run from authorities for months has denied fleeing his native South Korea despite recently claiming he was residing somewhere in Singapore. The prosecutors used the same “not…

Just looking at the Terra LUNA and LUNA Classic (LUNC) price performances over the last few months shows these coins’ close association with Don Kwon. Any time negative news about Don Kwon hits the headline, these coins have been crashing. Crypto experts say it might take some time before the market completely dissociate these coins’ founders with them. The mess that Don Kwon created has cost millions of investors huge sums of money which is going to haunt LUNA and LUNC for a longer time. Therefore, Don…

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…

It was big news for the LUNA Classic (LUNC) holders after the project developers announced that they were about to launch one of the biggest upgrades soon. The Terra Classic V23 is the latest development expected to alleviate the mess that Don Kwon has left behind. According to the LUNA Classic developer Raider, the Terra Classic V23 upgrade will be a game-changing move for this coin. From the information released by the team, the upgrade will make the network fully interoperable with all the other Cosmos chains because…

South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon.Woohae Cho | Bloomberg | Getty ImagesSouth Korean authorities on Thursday began the process of canceling the passport of Terraform Labs founder Do Kwon whose company was behind a dramatic $60 billion cryptocurrency collapse.Police have also arrested one…

The last few weeks have shown that Terra and LUNC are still tied to Don Kwon in a big way. These coins have been bending to the Don Kwon news, and this can be seen from the latest news about the arrest notice of their founder. The news about Don Kwon withdrawing the huge amount of Bitcoin and so on has also negatively affected the Terra and LUNC price. As writing, Terra and LUNC had posted a marginal up and down. But this comes against the backdrop of a massive crash of the Terra and LUNC over the last few weeks. The…

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…

Kwon co-founded Terraform Labs whose stablecoin, TerraUSD, collapsed earlier this year. | Illustration by Alex Castro / The Verge Do Kwon, a co-founder of Terraform Labs, has insisted that he’s not on the run after the collapse of the TerraUSD stablecoin, but Interpol is apparently under the impression he’s a fugitive. According to South Korean publication Yonhap and The New York Times, South Korean prosecutors said that Interpol has issued a “red notice” asking for help from worldwide law…

Following a request by South Korean prosecutors, Interpol has placed Terraform Labs founder Do Kwon on a "red notice" list, TechCrunch has reported. That will create a request for law enforcement agencies around the world to arrest Kwon following his blockchain company's collapse that took $40 billion from investors with it.  After Korean authorities issued an arrest warrant for Kwon last week, he tweeted that he was "not on the run" or "anything similar." However, prosecutors said that they believed Kwon left Korea to…

Interpol has issued a red notice for Do Kwon, requesting law enforcement agencies worldwide to locate and arrest the Terraform Labs founder whose blockchain startup collapsed earlier this year and wiped out investors’ $40 billion. Kwon faces charges in South Korea for the wipeout of investors’ money, the prosectors said. The notice against Kwon may set a wrong precedent for the crypto industry and hurt innovation, especially if Kwon didn’t knowingly defraud investors and customers, several…