Terra founder Do Kwon has described news of South Korean prosecutors freezing his $39.66 million crypto as a “falsehood.” I don’t get the motivation behind spreading this falsehood – muscle flexing? But to what end? Once again, I don’t even use Kucoin and OkEx, have no time to trade, no funds have been frozen. I…
Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported Sept. 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea’s capital-markets law…
Terra’s founder Do Kwon is making light of his situation as he claims that he is making “zero efforts to hide.” Yeah as i said im making zero effort to hide I go on walks and malls, no way none of CT hasnt run into me the past couple weeks — Do Kwon 🌕 (@stablekwon)…
South Korea has asked Interpol to issue a red alert notice for Terra’s founder Do Kwon, Financial Times reported on Sept 19. According to the report, the South Korean prosecutors have requested the cancellation of Kwon’s South Korean passport because he was “on the run” and uncooperative. The report stated that Kwon’s lawyer told prosecutors…
Terra’s LUNA declined 20% on the news that South Korea has issued an arrest warrant for its founder Do Kwon. #PeckShieldAlert $LUNA has dropped -20% https://t.co/rlzA0Miahb pic.twitter.com/z398HMOBgz — PeckShieldAlert (@PeckShieldAlert) September 14, 2022 The token, which has enjoyed a new wave of interest that pushed its price up by over 80% in the last seven…
Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea’s legal actions, South Korea-based Naver reported Aug. 17. Kwon reportedly submitted an attorney’s appointment letter to the prosecutor’s office. The report did not reveal the lawyer’s name or the law firm. The Seoul Southern District Prosecutors’ Office has been investigating…
The crypto community’s reaction to Do Kwon’s first interview since Terra’s implosion has been lukewarm, with many saying they learned nothing new. Do Kwon’s interview: doesn’t say anything we don’t already know and it says a lot less than you expect to hear. The journalist seems to be incisive, but he is not, it shows…
South Korean prosecutors have issued a “notification upon arrival” and travel ban on Terra’s founder and co-founder, Do Kwon, and Daniel Shin, South Korean news outlet donga reported on July 27. A “notification upon arrival” notice means investigators will be informed when a person of interest enters the country and is usually used for crucial investigations…
A new class action lawsuit against TerraForm Labs and its CEO, Do Kwon, was filed by Bragar Eagel & Squire, P.C. on July 24 in the state of California. Bragar Eagel & Squire, P.C. also slapped a class action lawsuit against Celsius Network, Alexander Mashinksy, and other firms and individuals connected o the crypto lender…
Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated that the fund’s assets consisted of bank accounts, cryptocurrencies, NFTs, and stakes in other firms. Bloomberg reported that Teneo representative Russell Crumpler declared on July 20…