Terra (LUNA) Founder Do Kwon Faces Fraud Charges and Arrest in Montenegro.
TL;DR Summary
Terraform Labs co-founder Do Kwon has been charged with eight counts of fraud, including conspiracy to defraud, commodities fraud, securities fraud, wire fraud, and conspiracy to defraud and engage in market manipulation, by US prosecutors in New York. Kwon was arrested in Montenegro after going on the run following the collapse of Terraform Labs' Terra (LUNA) token and TerraUSD (UST) stablecoin, which caused over $40bn in losses. Both the US and South Korea, Kwon's native country, seek his extradition.
- US Prosecutors Slam Terra (LUNA) Founder Do Kwon With Eight Counts of Fraud for 2022 Crypto Collapse The Daily Hodl
- South Korea hunts for Terraform Labs crypto cofounder Daniel Shin Markets Insider
- Terra Boss Do Kwon: “My Rights Are Being Violated” Cryptonews
- Terraform Labs founder Do Kwon arrested in Montenegro with fake Costa Rican passport : The Tico Times
- Terraform Labs co-founder Do Kwon denies passport forgery charges in Montenegro The Korea JoongAng Daily
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