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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.

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.

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…

Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple

[Apr 13, 2023 5:30 AM] Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a…

Montenegro's Central Bank to Develop CBDC Pilot With Ripple

[Apr 11, 2023 3:46 AM] The pilot will see the central bank identify the practical application of a national stablecoin and come up with a design to simulate its circulation.

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

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…

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 Charged, Due in Montenegro Court for Extradition Hearing: AFP

[Mar 24, 2023 8:32 AM] Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.

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.

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…

Breaking: Terraform Labs co-founder Do Kwon reportedly arrested in Montenegro

[Mar 23, 2023 7:30 AM] The former blockchain executive is wanted by Interpol for his role in the $40 billion collapse of the Terra Luna ecosystem during May 2022.

North Macedonia Says Bomb Threats Come From Russia, Crypto Used to Hide Origin

[Mar 7, 2023 8:30 PM] The government of North Macedonia believes that an ongoing wave of false bomb threats against public targets in the country is coming from Russia and Iran. The authorities in Skopje also say that payments related to the attacks have been made with…