us securities and exchange commission

Terraform Founder Do Kwan Arrested in Montenegro, South Korea to Seek Extradition of Crypto Fugitive

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South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges. Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company Terraform Lab’s dramatic collapse last year, which wiped out about … Read more

Do Kwon, Terraform Labs Charged With ‘Orchestrating Multi-Billion Dollar Crypto Asset Securities Fraud’

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The Securities and Exchange Commission said Thursday it has charged crypto entrepreneur Do Kwon, and the firm he co-founded called Terraform Labs, “with orchestrating a multi-billion dollar crypto asset securities fraud.” The collapse of Terraform Labs last year wiped out about $40 billion (roughly Rs. 3,31,166 crore) of investors’ money and shook global crypto markets. … Read more