Do Kwon sentenced to 15 years for Terra/Luna fraud
Terraform Labs founder Do Kwon has been handed 15 years in prison for his role in the $40B collapse of the Terra/Luna ecosystem.
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Terraform Labs founder Do Kwon has been handed 15 years in prison for his role in the $40B collapse of the Terra/Luna ecosystem.
Read more (2 min) →The August deadline set for Terra/LUNA victims to submit their crypto loss claims will determine who can vote in bankruptcy proceedings.
It's claimed that Milojko Spajić made a deal with Do Kwon to buy millions of dollars of Terra/Luna tokens for a Bulgarian-based hedge fund.
Do Kwon has successfully appealed his extradition, sending his case back to a Montenegro court for retrial.
Montenegro has granted Terraform Labs founder Do Kwon extradition to either South Korea or the US, but the court will decide.
Former fugitive Do Kwon is a hot commodity. Both the US and South Korea are battling to win extradition, where he faces grave fraud charges.
Multiple reports have placed Kwon in Serbia but the country's extradition laws and agreements could make getting him back to Korea tricky.
Terraform Labs founder and fugitive Do Kwon has country-hopped to Serbia, where circumstances are friendlier to those 'on the run.'
Do Kwon continues to elude South Korean authorities and has been spotted in Serbia. Here's a few activities the Terra founder might enjoy.
South Korean authorities have asked OKX and KuCoin to freeze 3,300 bitcoins after Kwon created a new wallet and started to transfer funds.