Terra cofounder Do Kwon is the one who is pumping Bitcoin

[bbigtart]

News update.

Do Kwon's arrest was done 3 days ago in Montenegro and according to other sources, he had fake passports and other fake identification cards with him when he was boarding a private jet. It appears he was playing a role very much similar to Jason Bourne hehehe.



Do Kwon, the South Korean entrepreneur behind the $40bn collapse of the cryptocurrencies terraUSD and Luna, has been charged with fraud in the United States following his arrest in Montenegro.

US prosecutors on Thursday announced eight charges against Kwon, including securities fraud, wire fraud, commodities fraud and conspiracy.

Source https://www.aljazeera.com/economy/2023/3/24/crypto-founder-do-kwon-indicted-after-montenegro-arrest

Do Kwon has been a fugitive for several months, South Korean authorities issued an arrest warrant for him in September on US Securities and Exchange Commission fraud charges also have eight civil charges against him including fraud and market manipulation.

Finally after months on the run they got him, Hoping he didn't bail and ended up under house arrest at the crazy haired FTX guy's house. Give Do Kwon a longer sentence for trying to escape from the authorities.

[mich]

Do Kwon has been released on bail in Montenegro. His bail amount is $436,000 and this is 2 months after being arrested trying to fly to UAE with a fake passport.

If we are being honest this does not surprise me. He is so rich and he has so many connections. https://thenewscrypto.com/do-kwon-to-be-released-following-436000-bail-approval/

[Hamphser]

Do Kwon has been released on bail in Montenegro. His bail amount is $436,000 and this is 2 months after being arrested trying to fly to UAE with a fake passport.

If we are being honest this does not surprise me. He is so rich and he has so many connections. https://thenewscrypto.com/do-kwon-to-be-released-following-436000-bail-approval/

^
Trying out to elaborate

Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty.

Source: https://news.bitcoin.com/do-kwon-to-be-released-on-e400000-bail-pleads-not-guilty-in-montenegro/

Not even guilty? How about having some charges about faking out those documents? Its an another violation or criminal act which they should at least
put up some charges with that and not would really be just going along to be wiped out at least on the current case that he had.
$436k? Its just a peanut on all the possible money that he had. lol

[mich]

Well some bad news for Jump Trading. It is a trading exchange that focuses on algorithms. It is now going to face lawsuit for violating United States regulations from earnings of $1.3 Billion profit from TerraUSD.

https://www.investing.com/news/cryptocurrency-news/jump-trading-faces-lawsuit-over-alleged-13b-profit-from-terrausd-3081762

[mich]

Now some good news for Do Kwon. He is out on bail after he won his court appeal in Montenegro. They are going to keep close eye on him until his next court date. But he is a free man for the time being.

And there is speculation his bail has a connection to SEC and Binance case. https://beincrypto.com/do-kwon-bail-crypto-react/

[mich]

Well, now Do Kwon has admitted to doing fraud in collapse of Luna. His conversations with a other founder Daniel Shin says Kwon will collect fees from fake blockchain transactions.

And that people will not know it is fake. https://en.bitcoinsistemi.com/do-kwons-secret-messages-exposed-before-terra-luna-collapsed-was-this-the-cause-of-the-breakdown/

[mich]

Well now it does looks like Do Kwon will be extradited from Montenegro. Last week the The High Court in Podgorica said the legal requirements for extradition have been met.
It is still not certain to which country he will go to. He might go to South Korea or the US.  
https://www.theregister.com/2023/11/27/do_kwon_extradition_approved/

[Yaunfitda]

Well now it does looks like Do Kwon will be extradited from Montenegro. Last week the The High Court in Podgorica said the legal requirements for extradition have been met.
It is still not certain to which country he will go to. He might go to South Korea or the US.  
https://www.theregister.com/2023/11/27/do_kwon_extradition_approved/

Worst case scenario will be Do Kwon going in the US and facing the US court of law as we all know that they love to put people behind bars specially if it is about crypto exchanges, but we will see.

However, if he goes to South Korea and then penalized and found guilty and put to jail, I think he doesn't need to go to US anymore, I reckon.

So we will have to wait, this drama has been dragging more at least a year now.

[mich]

Well some bad news for Terra labs but I think we knew this was happening. Now less then 2 years after the Singapore crypto firm collapse it has filed for Chapter 11 bankruptcy. It did say it will fulfill all financial obligations to employees and vendors at the time.

https://apnews.com/article/do-kwon-crypto-terraform-bankruptcy-7b3838d583c2b8100b9ed46e43cba4c0

[Mahanton]

Aside from that bankruptcy news above.^

Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
https://www.coindesk.com/policy/2024/01/15/do-kwon-appeals-new-montenegro-high-court-decision-upholding-extradition-requests-lawyer-says/

Honestly, im a USTC and LUNC holder but it seems these things or updates isnt really that good for my investment. 
I dont know if that topic title is really that having serious on it but i dont see this type of thing.
Problems comes again with another problem. There's no such thing about recovery.

[mich]

Well Do Kwon now is still in the custody of Montenegro. But now has extradited his business partner named Han Chang-joon back to S. Korea after 1 year in custody.

Montenegro still is deciding if it will extradite Do Kwon  back. https://www.reuters.com/technology/montenegro-extradites-ex-terraform-labs-financial-executive-south-korea-2024-02-05/

[mich]

Well it does not get so much better for this man. The sec now is seeking $5 Billion penalty in fines and interest against Do Kwon and Terraform Labs.

https://cryptorank.io/news/feed/c801d-sec-5b-penalty-against-do-kwon-terraform