The surprise wildcard in tiny Montenegro’s election: a notorious crypto fugitive

Ponzi schemer Do Kwon, who is in prison over the collapse of the Terra stablecoin, could shape Sunday's election. Here's why.

• 2023-06-11
• Do Kwon tiny Balkan nation political affairs

Montenegro court releases crypto entrepreneur Do Kwon on bail

A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges. Do Kwon, a South Korean national, is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in May 2022 roiling cryptocurrency markets. Following his arrest in Montenegro in March, the U.S. District Court in Manhattan made public

• 2023-05-12
• Do Kwon Terraform Labs U.S. District Court South Korean national

Do Kwon, Jailed Crypto CEO, Rejects SEC Fraud Allegations

Mr. Kwon’s lawyers said the SEC exceeded its authority and failed to prove that he defrauded U.S. investors.

• 2023-04-22
• Do Kwon the SEC TerraUSD UST

Do Kwon Arrested in Montenegro as U.S. Charges Crypto Fugitive With Fraud

The creator of the failed TerraUSD stablecoin was detained as he attempted to board a flight to Dubai, authorities said.

• 2023-03-24
• Do Kwon Justice Department TerraUSD South Korean police

U.S. Charges Crypto Fugitive Do Kwon With Fraud as Suspect Held in Montenegro

The Justice Department charged South Korean crypto entrepreneur Do Kwon with fraud on Thursday as officials in Montenegro said they had arrested a man they believed to be the creator of the failed TerraUSD stablecoin. In an indictment unsealed in a New York federal court, Mr. Kwon was charged with eight criminal counts of fraud and is accused of conspiring with an unnamed U.S.-based investment firm to use trading strategies to alter the price of the stablecoin in May 2021. Mr. Kwon also lied i

• 2023-03-24
• Do Kwon Justice Department TerraUSD

A person suspected to be crypto developer Do Kwon arrested in Montenegro months after the collapse of TerraUSD

An official in Montenegro said a person suspected to be TerraUSD developer Do Kwon was arrested Thursday at the airport carrying falsified documents.

• 2023-03-24
• Do Kwon South Korea suspected TerraUSD

Crypto Crisis Latest: SEC Charges Do Kwon, Banks Retrench, Bitcoin Price Slips

The Securities and Exchange Commission has leveled fraud charges against Do Kwon, the founder of the failed cryptocurrencies TerraUSD and Luna. Late Thursday, the regulator alleged that Mr. Kwon and his company misled U.S. investors who bought billions of dollars’ worth of his tokens. The two cryptocurrencies [collapsed last May](https://www.wsj.com/articles/terrausd-crash-led-to-vanished-savings-shattered-dreams-11653649201), helping spark the broader crypto rout. Here's our latest coverage of

• 2023-02-17
• Do Kwon

SEC charges Do Kwon, Terraform Labs with securities fraud

The SEC charged Do Kwon and Terraform Labs with defrauding investors on Thursday, its latest enforcement action in what's been a busy year for crypto regulation.

• 2023-02-17
• Do Kwon Terraform Labs

SEC charges Terraform Labs and CEO Do Kwon with defrauding crypto investors

The U.S. Securities and Exchange Commission accuses Singapore-based Terraform Labs, issuer of a crashed stablecoin, and CEO Do Kwon, of fraud.

• 2023-02-17
• Do Kwon Terraform Labs U.S. Securities and Exchange Commission Gary Gensler SEC