Number of Do Kwon’s victims could exceed one million — Court …
1 day ago · US prosecutors handling Do Kwon’s criminal case estimate that the collapse of the Terraform Labs ecosystem may have affected over one million victims worldwide. In a Jan. 6 filing with the US ...
US Prosecutors Scale TerraUSD Collapse Impact Ahead of Do Kwon …
20 hours ago · The Fallout from TerraUSD. Do Kwon, co-founder of Terraform Labs, is at the center of the scandal.. Extradited from Montenegro in December, Kwon made his first appearance in a U.S. federal court on Jan. 2, where he pleaded not guilty to nine felony charges, including fraud, criminal conspiracy, and money laundering. These charges stem from his involvement in the collapse of TerraUSD, an ...
Do Kwon Extradited to the United States from Montenegro to …
5 days ago · Do Hyeong Kwon, 33, a citizen of the Republic of Korea, was extradited from Montenegro and appeared in court today in Manhattan to face federal fraud charges. A superseding indictment that was unsealed against Kwon alleged that the co-founder and former chief executive officer of Terraform Labs PTE Ltd. (Terraform) engaged in multiple schemes to deceive investors in order to
Terraform and Kwon to Pay $4.5 Billion Following Fraud Verdict
Jun 13, 2024 · On April 5, 2024, a jury unanimously found Terraform and Kwon liable for securities fraud after less than two hours of deliberation. As part of the settlement, Terraform agreed to pay $3,586,875,883 in disgorgement, $466,952,423 in prejudgment interest, and a $420,000,000 civil penalty.
Do Kwon: fugitive cryptocrash boss finally extradited to US - BBC
Dec 31, 2024 · Kwon's firm Terraform Labs became widely known in 2021, when its coins Luna and TerraUSD exploded in popularity. Fans of Luna became known as "Lunatics" , with Kwon referred to as their "king".
NYC News: Crypto mogul Do Kwon pleads not guilty in …
5 days ago · South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty Thursday to a freshly unsealed indictment released in time for his first U.S. court appearance. Kwon entered the plea in...
Terraform Labs co-founder Do Kwon will face fraud charges in …
Dec 27, 2024 · Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg.
Do Kwon Pleads Not Guilty to US Charges Over Terra Collapse
5 days ago · Terraform Labs Pte. co-founder Do Kwon pleaded not guilty to US fraud charges tied to the $40 billion collapse of the TerraUSD stablecoin. Kwon, 33, entered his plea Thursday before a US ...
Crypto Magnate Do Kwon Found Liable for Multibillion-Dollar Fraud
Apr 5, 2024 · A federal jury in New York has found South Korean crypto magnate Do Kwon—and his company Terraform Labs—liable for defrauding investors who collectively sank billions of dollars into...
Terraform Labs co-founder Do Kwon will face securities fraud
Dec 31, 2024 · The request played out in court over the last year and a half, with Montenegro's Justice Minister Bojan Bozovic ordering Kwon's extradition last week. Terraform Labs filed for Chapter 11 ...