kwon
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Montenegrin Court Says Terra Founder Do Kwon Should Remain in Jail
It turns out that Do Kwon, the man whose Terra stablecoin led to a $US40 ($56) billion loss in the crypto industry, won’t get out of jail for a few hundred thousand dollars. On Wednesday, a Montenegrin court nixed an earlier deal to give Kwon bail, meaning the man will have to remain in jail…
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Terra Founder Do Kwon Arrested in Montenegro, Authorities Say
Terra USD Bitcoin founder Do Kwon has been arrested in Montenegro after months on the run, according to Montenegrin officials.
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U.S. DOJ and SEC Investigating FTX Collapse as Entire Crypto Market Plunges
The 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,…
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Terra Founder Discusses on the Lam Status by Claiming Fraud Allegations Are ‘Politically Motivated’
Do 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.