March 28, 2024

Web and Technology News

Terraform Labs founder Do Kwon jailed to four months in Montenegro 

Another chapter was published this week in the long and bizarre saga of Terraform Labs’ Do Kwon. The disgraced crypto founder will spend four months in a jail in Montenegro for falsifying official documents.  A Basic Court in Podgorica, the capital of Montenegro, this week sentenced Kwon and the former chief executive officer of Terraform Labs, […]

Terraform Labs founder Do Kwon jailed to four months in Montenegro  by Kate Park originally published on TechCrunch

Montenegro court overturns Terraform founder Do Kwon’s bail 

A high court in Montenegro overrode a lower court’s previous decision that would have released Terraform Labs founder Do Kwon on bail. Bloomberg first reported on the news. Kwon will remain in jail until the Basic Court in Montenegro makes another decision in light of the latest decision by the high court, per Bloomberg, which […]

Montenegro court overturns Terraform founder Do Kwon’s bail  by Kate Park originally published on TechCrunch

Terraform’s Do Kwon pleads not guilty to fake travel documents charges

Terraform Labs co-founder Do Kwon pleaded not guilty in a Montenegrin court on Thursday to a charge of forging his passport and travel documents. Kwon’s hearing comes a month after Kwon and Chang-joon Han, Kwon’s former colleague, who also pleaded not guilty, were arrested at the airport in Podgorica, the capital of Montenegro, while trying to […]

Terraform’s Do Kwon pleads not guilty to fake travel documents charges by Kate Park originally published on TechCrunch

US, South Korea both seek Do Kwon’s extradition to face charges

Do Kwon, the founder of Terraform Labs, which operated the so-called TerraUSD stablecoin and its sister token LUNA, was arrested in Montenegro Thursday morning after months in hiding while trying to board a flight to flee Dubai with falsified documents.  Thursday night — a few hours after Kwon was arrested at the airport in Podgorica, the […]

US, South Korea both seek Do Kwon’s extradition to face charges by Kate Park originally published on TechCrunch

SEC clamps down on Coinbase and Tron, while Do Kwon is arrested overseas

To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Welcome back to Chain Reaction. It was a big week in the crypto world as the U.S. Securities and Exchange Commission clamped down on major crypto companies like Coinbase and Tron […]

SEC clamps down on Coinbase and Tron, while Do Kwon is arrested overseas by Jacquelyn Melinek originally published on TechCrunch

SEC charges Terraform Labs and founder Do Kwon with defrauding investors

The US Securities and Exchange Commission has charged the collapsed blockchain firm and stablecoin operator Terraform Labs and its founder Do Kwon with defrauding U.S. investors who purchased the digital assets Terra USD and Luna. The US financial regulator accused Kwon and the Singpoare-based crypto firm of offering and selling an inter-connected suite of crypto […]

SEC charges Terraform Labs and founder Do Kwon with defrauding investors by Kate Park originally published on TechCrunch

SEC charges Terraform Labs and founder Do Kwon with defrauding investors

The US Securities and Exchange Commission has charged the collapsed blockchain firm and stablecoin operator Terraform Labs and its founder Do Kwon with defrauding U.S. investors who purchased the digital assets Terra USD and Luna. The US financial regulator accused Kwon and the Singpoare-based crypto firm of offering and selling an inter-connected suite of crypto […]

SEC charges Terraform Labs and founder Do Kwon with defrauding investors by Kate Park originally published on TechCrunch

Seoul court rejects warrants for former Terraform Labs employees and investors over Luna collapse 

A Seoul court rejected a request from prosecutors for warrants to detain eight people related to Terraform Labs, including the co-founder of Terraform Labs, Daniel Shin, early investors and former engineers. It’s difficult to believe they would flee or destroy evidence as Shin and the seven other suspects have been cooperating with the investigation, Yonhap […]

Seoul court rejects warrants for former Terraform Labs employees and investors over Luna collapse  by Kate Park originally published on TechCrunch

South Korean prosecutors seek arrest warrants for Terraform Labs co-founder, investors and engineers

South Korean prosecutors said Wednesday they have requested arrest warrants for eight people related to Terraform Labs for the alleged fraud as the local authorities widen their investigation into the collapse of the TerraUSD and Luna tokens that wiped tens of billions of dollars from the crypto market earlier this year. The Seoul Southern District […]

South Korean prosecutors seek arrest warrants for Terraform Labs co-founder, investors and engineers by Kate Park originally published on TechCrunch

Terra’s Do Kwon says charges against him not legitimate and politically motivated

Do Kwon alleges that charges levelled against him by the South Korean prosecutors are not legitimate and politically motivated, sharing a rare update on what has become one of the most high profile events in the crypto industry this year in the aftermath of the $40 billion wipeout of his Terra blockchain. Kwon said he […]

Terra’s Do Kwon says charges against him not legitimate and politically motivated by Manish Singh originally published on TechCrunch

Terraform Labs founder Do Kwon may lose his passport soon

South Korea has ordered Do Kwon to surrender his passport, or risk getting it revoked, as the East Asian nation escalates actions against the crypto entrepreneur whose blockchain collapse earlier this year wiped investors’ $40 billion. The South Korean government has given Kwon 14 days to comply with the new order, it said in a […]

Terraform Labs founder Do Kwon may lose his passport soon by Manish Singh originally published on TechCrunch

Terra’s Do Kwon looks for redemption with Luna token rebirth

Is Terra’s Do Kwon the Bernie Madoff of crypto? Hello and welcome back to the Chain Reaction podcast, where we unpack and explain the latest crypto news, drama and trends, breaking it down block by block for the crypto curious. This week, Terra relaunched its Luna token after the dramatic implosion of its cryptocurrency and the associated […]

Can Andreessen Horowitz prevent the next crypto winter?

Hey everyone, and welcome back to Chain Reaction. Last week, we talked about the rough road ahead for Coinbase. This week, we’re talking a bit about Andreessen Horowitz’s multibillion-dollar bet on web3’s continued viability. Read on to check out the latest episode of the Chain Reaction podcast as well. To get this in your inbox […]

Can Andreessen Horowitz prevent the next crypto winter?

Hey everyone, and welcome back to Chain Reaction. Last week, we talked about the rough road ahead for Coinbase. This week, we’re talking a bit about Andreessen Horowitz’s multibillion-dollar bet on web3’s continued viability. Read on to check out the latest episode of the Chain Reaction podcast as well. To get this in your inbox […]

Daily Crunch: South Korea’s special financial crimes unit is investigating Do Kwon

What is that we hear? Is that the Friday, May 20, 2022, on the calendar and the soft, alluring siren’s song of a weekend that’s right around the corner? Why, yes, that must be it! Our events team is busy putting together an awesome TechCrunch Disrupt, and we are psyched about Startup Battlefield, where the […]