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Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account

[Apr 27, 2023 8:00 AM] In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do…

Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg

[Apr 25, 2023 5:33 AM] Shin was indicted with nine others as prosecutors froze $185 million in assets.

First Mover Asia: Crypto Flat as Markets Await Tech Earnings

[Apr 24, 2023 7:18 PM] ALSO: Although Do Kwon is in a lot of trouble, his lawyers have raised a legitimate issue about crypto regulation in the U.S, and the SEC’s quest for unlimited jurisdiction over the asset class.

South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security

[Apr 24, 2023 11:30 AM] Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a…

Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show

[Apr 24, 2023 4:59 AM] The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said.

Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case

[Apr 22, 2023 3:30 PM] Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that…

Terraform Labs Co-Founder Do Kwon Faces Montenegro Indictment: Bloomberg

[Apr 20, 2023 9:52 AM] Prosecutors have sought to extend the detention period for Kwon along with his chief financial officer Han Chang-joon

SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit

[Apr 18, 2023 11:30 AM] According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news…

Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report

[Apr 17, 2023 2:31 AM] South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall.

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

[Apr 16, 2023 5:30 AM] Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that…

As Justice Is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra’s Shadow

[Apr 13, 2023 6:51 AM] The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports.

South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders

[Apr 7, 2023 8:00 AM] According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash…

Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report

[Apr 7, 2023 5:16 AM] South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.

Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

[Apr 4, 2023 6:30 PM] Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may…

Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

[Apr 1, 2023 2:40 AM] Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs.

South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin

[Apr 1, 2023 12:30 AM] A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna…

Terra’s branding at MLB opener draws attention from spectators

[Mar 31, 2023 8:36 PM] An attendee shared an image of a Terra banner with the slogan "a decentralized economy needs decentralized money," prominently displayed during Major League Baseball's opening day, as Terra's founder Do Kwon remains in custody in Montenegro.

Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition

[Mar 30, 2023 7:30 AM] Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before…

The Questions That Linger After Do Kwon’s Arrest

[Mar 29, 2023 11:13 AM] CoinDesk's Chief Insights Columnist David Z. Morris suggests that the Terra founder's attempts to avoid prosecution may have added to his troubles.

Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says

[Mar 29, 2023 5:53 AM] Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery

Report: Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice

[Mar 29, 2023 5:30 AM] According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said…

Do Kwon’s Extradition Likely to Take Time, Montenegrin Prosecutor Says

[Mar 28, 2023 2:30 PM] A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict…

Do Kwon registered a company in Serbia for $1 amid Interpol red notice: Report

[Mar 28, 2023 12:08 AM] The Terraform Labs co-founder reportedly established “Codokoj22 d.o.o. Beograd” in Serbia, with its main business activity listed as consultancy services.

Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

[Mar 26, 2023 12:30 PM] According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being…

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

[Mar 24, 2023 1:30 PM] According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the…

Do Kwon faces fraud charges from US prosecutors hours after arrest

[Mar 23, 2023 4:27 PM] The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.

Do Kwon Now Faces Criminal Fraud Charges From U.S. Prosecutors

[Mar 23, 2023 3:41 PM] Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro.

Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister

[Mar 23, 2023 10:30 AM] According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his…

Terra's LUNA Tokens Fall Steeply on Do Kwon's Alleged Arrest

[Mar 23, 2023 7:37 AM]

Do Kwon Arrested in Montenegro: Interior Minister

[Mar 23, 2023 7:34 AM] The announcement was made by the minister of interior Filip Adzic.