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

SEC Is About to Sue Over TerraUSD Stablecoin That Rocked Crypto

(Bloomberg) -- The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse last year kicked off an industrywide crisis and a cascade of high-profile bankruptcies.Most Read from BloombergChina Hits Back at US with Sanctions on Lockheed, RaytheonChina Warns of Retaliation Against US Over Balloon SagaStocks Sink as Fed Officials Embrace Bigger Hikes: Markets WrapASML Stolen Data Came From Technical Repository for Chip MachinesEx-JPMo

• 2023-02-17
• Bloomberg US Securities and Exchange Commission TerraUSD SEC