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Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Do Kwon – the disgraced crypto executive behind the Luna token and Terra USD – has pleaded not guilty to fraud and other crimes after he was arrested in the European nation of Montenegro last month while holding three phony passports. Do Kwon: I Haven’t Done Anything! Kwon was a fugitive for some time after his...

A court in Montenegro has found Do Kwon guilty of document forgery and has sentenced him to jail. Kwon will remain in custody longer pending the country’s response to an extradition request. CEO and co-founder of Terraform Labs Do Kwon has been found guilty of document forgery and sentenced to a four-month jail term. Kwon was convicted and sentenced by a Basic Court in Podgorica, the capital of Montenegro. Authorities in Montenegro arrested Do Kwon back in March for carrying fake...

Do Kwon, who was recently arrested in Montenegro after evading authorities for months, claimed that he had no idea the Costa Rican passport he was traveling with was fake. He admitted that he received the passport from an agency in Singapore. Ever since the catastrophic collapse of the Terra ecosystem a year ago, Do Kwon, the person behind the protocol, has been blamed by many for his role. Although he claimed he was not trying to escape from the authorities, his location was...

The authorities of Montenegro reportedly consider extending Do Kwon’s custody in the country for another six months before taking an official decision on his possible extradition. The homeland of Terraform Labs’ co-founder – South Korea – and the world’s biggest economy – the United States of America – have both requested his deportation. The Montenegrin police arrested the 31-year-old developer in March this year after he was supposedly on the run for several months,...

Dan Sunghan – Director of the Financial Crime Investigation Bureau at the Seoul Southern District Prosecution Service – claimed that the former crypto mogul Do Kwon had moved nearly $30 million in digital currencies to an unknown wallet shortly after his arrest in Montenegro. The 31-year-old South Korean has faced huge criticism and was blamed for having a hand in the massive LUNA/USD collapse last year that triggered multi-billion investor losses. He allegedly spent several...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Prosecutors in South Korea have filed charges against Daniel Shin, the co-founder of Terraform Labs (the firm behind Terra USD) alongside Do Kwon, who was recently arrested while traveling through Europe. Daniel Shin Is Facing Charges in South Korea Shin is the man – aside from Kwon – who reportedly brought...

Kwon is currently expected to show up in court on June 16. The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were rejected due to insufficient document verification. After a lower court reviewed the documents, a bail motion was made but was ultimately rejected by the high court due to improper property valuation. As a result,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The recent kidnapping and murder of a woman in Seoul, South Korea (the nation’s capital city) has turned up some new evidence. Police investigating the matter believe the woman may have been involved in various crypto-related disputes, and that her attacker was associated and hired by the opposing party. Why Is...

Do Kwon, founder of Terraform Labs, which operated Terra stablecoin and Luna cryptocurrency, has pleaded not guilty to traveling to Montenegro on a forged passport. In the Basic Court of Montenegro’s capital Podgorica, Kwon and Terraform’s chief financial officer Han Chang-Joon denied document forgery charges. Shortly after, another local report informed that the Court approved the bail worth €400,000 that was proposed by Kwon. As such, he is set to be released ahead of the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up How does crypto regulation work around the world? It appears to be different in every country, and the goal is to try and find the best approaches and take the best points from each to form a solid roadmap for traders everywhere. Crypto Regulation Differs Depending on the Country There has been a huge call for...