Terra Founder Do Kwon Could Face 30-Year Sentence In Potential South Korean T...

The multibillion-dollar collapse of Terra Labs’ stablecoin and the LUNA token is still ringing across the cryptocurrency industry, and numerous questions for Terra’s South Korean founder, Kwon Do-hyung, have emerged from the debris of wasted investments and shattered blockchain ideals. In the midst of the Terra disaster, Do Kwon, the company’s founder, is being investigated […]

The lawyers of Terraform Labs’ co-founder are reportedly seeking a lesser sentence for the South Korean crypto entrepreneur’s role in the multi-billion-dollar collapse, claiming that he has already “suffered substantially” for his crimes. Related Reading: KakaoBank Starts Development Of ‘Kakao Coin’ Project As Stablecoin Race Intensifies – Report Terra’s Do Kwon Says Five Years In […]

Do Kwon told his more than one million Twitter followers that he had not seen his name on Interpol’s Red Notice list, but not all names are made available to the public. Terra co-founder Do Kwon, wanted by South Korean authorities and whose whereabouts are currently unknown, has suggested he’s not changing his routine in response to potential legal action.In a Monday tweet, Kwon said members of Crypto Twitter had likely seen him walking on the street or around shopping malls — without mentioning the city or country — in “the past couple weeks” despite Interpol reportedly issuing a Red....

Singapore, where Terra co-founder Do Kwon is currently staying, does not have an extradition treaty with South Korea. According to local news outlet gynews.kr, the Seoul Southern District Prosecutors' Office's Joint Financial Securities Crime Investigation Team says it will be contacting the country's Ministry of Foreign Affairs to nullify the passports of Terra Luna co-founder Do Kwon and five other project developers. Prosecutors also plan to contact Interpol and escalate the South Korean arrest warrant issued the day prior into an international arrest warrant. All Terra Luna members....

The value of Terra Classic (LUNC) had plunged to below zero following the largest crash ever seen in the crypto space. The cryptocurrency had refused to ‘die’ and has instead found favor among crypto investors who are trying to make a quick buck from the highly volatile cryptocurrency. However, even with multiple pumps, investing in LUNC may not be as good an investment as some users expect due to a number of factors. Uncertainty In Terra Camp After the crash of the Terra network that caused users to lose billions of dollars, Terra founder Do Kwon and others had gone on to make another....