South Korea Passes Inaugural Standalone Crypto Bill After Spate of Scandals

(Bloomberg) -- South Korea approved its first standalone digital-asset bill to boost investor protection just over a year after the implosion of tokens created by countryman Do Kwon exacerbated a $2 trillion crypto-market rout.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencySwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthChina’s Economic Woes Are Multiplying — a

• 2023-06-30
• South Korea Bloomberg digital assets market manipulation investor protection Korea Blockchain Enterprise Promotion Association Do Kwon

Switzerland freezes US$26 million in crypto held by Terraform Labs and Do Kwon

Swiss prosecutors have reportedly frozen about US$26 million in Bitcoin and other cryptocurrencies that belong to Terraform Labs and its chief executive officer Kwon Do-hyeong.

• 2023-06-26
• Terraform Labs digital asset Do Kwon Kwon Do-hyeong South Korean prosecutors Han Chang-joon

U.S. judge considers whether Terraform Labs' cryptocurrencies were securities

A U.S. judge considered whether the digital assets created by Terraform Labs were securities at a hearing on Thursday, a question central to the U.S. Securities and Exchange Commission’s fraud case against the company and its founder Do Kwon. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year.

• 2023-06-16
• Terraform Labs digital assets U.S. Securities and Exchange Commission Do Kwon securities Jed Rakoff

South Korea Indicts Co-Founder of Failed TerraUSD Cryptocurrency

Prosecutors charged Daniel Shin of violating capital-markets laws in the latest legal action following a digital-currency crash last year.

• 2023-04-26
• TerraUSD South Korean prosecutors Daniel Shin federal prosecutors Do Kwon CRYPTO South Korea South Korean won

Coinbase, Do Kwon, Lindsay Lohan Are All Ensnared by Widening Crypto Dragnet

(Bloomberg) -- Last year’s crypto-market meltdown triggered a series of bankruptcies that almost completely reshaped the digital-asset industry. This year, government watchdogs appear to be arriving on the scene to finish the job.Most Read from BloombergDeutsche Bank Drops in Selloff Citi Describes as Irrational‘Zoom Towns’ Exploded in the Work-From-Home Era. Now New Residents Are Facing LayoffsRussia Seeks 400,000 More Recruits as Latest Ukraine Push StallsJack Dorsey’s Wealth Tumbles $526 Mill

• 2023-03-25
• Bloomberg Soulja Boy Lindsay Lohan Do Kwon enforcement news government watchdogs SEC Terra blockchain Coinbase

Crypto Fugitive Do Kwon Is Arrested in Montenegro and Charged With Fraud in US

(Bloomberg) -- Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was arrested in Montenegro and charged with fraud by US prosecutors.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockShort Seller Hindenburg Says ‘Another Big One’ Coming SoonUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidJPMorgan Sold $10 Million in Jewels Left in Bank Safe Deposit Box, Suit Claim

• 2023-03-24
• US Securities and Exchange Commission Bloomberg Terraform Labs Do Kwon Interior Ministry South Korean prosecutors South Korea

Former Crypto Star Arrested After Months on the Run

Do Kwon, the founder of Terraform Labs, the ecosystem behind the Luna and UST cryptocurrencies which collapsed last May, has been arrested in Montenegro, according to local authorities.

• 2023-03-24
• Terraform Labs UST South Korean authorities Do Kwon South Korea arrest warrant Celsius Network

Suspected Crypto Fugitive Arrested in Montenegro

A person who officials believe to be Do Kwon, creator of the failed TerraUSD stablecoin, has been arrested in Montenegro after months of being in hiding, the interior minister of the Balkan country said.

• 2023-03-24
• TerraUSD Do Kwon National Police Agency Minister Filip Adzic digital currency Montenegro Interior Ministry Balkan country

Singapore Police Have Begun Probing Crypto Fugitive Do Kwon’s Terraform Labs

(Bloomberg) -- Singapore police said they have begun a probe linked to Terraform Labs Pte, the company co-founded by crypto fugitive Do Kwon.Most Read from BloombergMortgage Lenders Are Selling Homebuyers a LieHolding Cash Will Be a Winning Strategy in 2023, Investors SayForget Peak Oil Demand: A Thirst for Barrels Puts $100 in ViewChina’s Cautious Growth Target Limits Help to World EconomyWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceIn an emailed statement on Monday, the forc

• 2023-03-06
• Terraform Labs Bloomberg Do Kwon

Crypto Fugitive Do Kwon Tapped Hoard of 10,000 Bitcoin Via Swiss Bank, SEC Says

(Bloomberg) -- Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned some of the tokens into cash via a Swiss bank, the Securities & Exchange Commission said.Most Read from BloombergChina Hits Back at US with Sanctions on Lockheed, RaytheonPassengers Take 16-Hour Flight to Nowhere After Auckland to New York U-TurnTesla Recalls More Than 362,000 Cars Due to Self-Driving Crash RiskStar Banker’s Disappearance Unnerves China’s Business

• 2023-02-17
• Bloomberg Swiss bank Securities & Exchange Commission Do Kwon digital currencies Bitcoin