5 / 7 Relevant items tagged with #DoKwon

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Do Kwon's $428K Bail Request in Fake Passport Case Approved by Montenegro Court

[Jun 5, 2023 2:08 AM] A previous approval was annulled by a higher court after it was determined the Terra founder's finances were not sufficiently assessed in the first decision.

Do Kwon's Detention in Montenegro Extended After High Court Decision to Revoke Bail

[May 25, 2023 2:04 AM] A lower court had determined the value of Kwon's property based on "statements" and not concrete evidence, a high court cited in a decision to scrap his bail approval.

Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom

[May 24, 2023 12:00 PM] A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23…

Montenegro High Court Says No Bail for Terra's Do Kwon in Fake Passport Case: Bloomberg

[May 24, 2023 10:38 AM] Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial.

Should We Worry About Tether’s Bitcoin-Buying Plan?

[May 18, 2023 12:51 PM] Squint and you can see resemblances to Do Kwon’s bitcoin buying during Terra/luna’s high days.

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

[May 12, 2023 3:00 PM] Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on…

Do Kwon Set to Be Released on Bail in Montenegro Travel Document Forgery Case

[May 12, 2023 6:14 AM] Bail conditions restrict Kwon from leaving his apartment in the country as the trial continues.

Do Kwon's Attorneys Propose $437K Bail, Deny Falsified Travel Documents Charges in Montenegro

[May 11, 2023 7:35 AM] Montenegrin authorities arrested the Terra founder in March for allegedly attempting to travel with fake documents.

Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

[May 11, 2023 12:30 AM] According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report…

$176M of Do Kwon's assets are frozen: Report

[May 10, 2023 12:00 PM] The frozen assets include an apartment complex, an officetel, several imported cars and various financial assets.

Terraform Labs seeks to dismiss class action arguing US laws don’t apply

[May 4, 2023 10:00 PM] Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs.

Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%

[Apr 28, 2023 2:00 PM] Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are…

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…