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

South Korea raids firms Upbit, Bithumb, Kakao over local lawmaker’s crypto scandal

South Korean prosecutors have raided Upbit, Bithumb and the crypto wallet unit of Kakao, as part of their investigation into lawmaker Kim Nam-kuk.

• 2023-05-16
• South Korea South Korean prosecutors crypto wallet Financial Intelligence Unit local news campaign finance violations

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

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