Do Kwon

TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse

Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud

Kwon’s lawyers said that while prosecutors agreed in his plea deal not to seek more than 12 years in prison, that is “far greater than necessary” to achieve justice.

Do Kwon says five years in prison enough for Terra crypto fraud

Kwon’s sentencing by US district judge is set for Dec 11

Kwon had made payments totalling S$19.4 million to the vendor before he ultimately decided not to go ahead with the purchase of the unit at the Sculptura Ardmore condominium in Ardmore Park.

Do Kwon appealing against dismissal of S$18.4 million claim over aborted purchase of Ardmore penthouse

Judge also allows the vendor’s counterclaim against Kwon for additional rent amounting to S$40,000

Terraform Labs co-founder Do Kwon had selected a duplex four-bedroom penthouse on the 19th floor of the Sculptura Ardmore condominium, spanning around 7,567 square feet. The deal, however, collapsed before its completion.

Terraform Labs co-founder Do Kwon’s claim for S$19.4 million Ardmore penthouse payment rejected

Amount is nearly half of the purchase price, in option fees and subsequent payments, but the sale was not closed and the unit was eventually resold for S$34.5 million

Do Kwon has also agreed to forfeit US$19.3 million and some properties as part of the plea deal.

Do Kwon pleads guilty to fraud over US$40 billion Terra collapse

US prosecutors say that the longest sentence they will seek under the plea deal is 12 years

Do Kwon pleaded not guilty in January following a two-year extradition battle over whether he would first face prosecution in the US or his native South Korea.

Do Kwon may plead guilty in US case over US$40 billion Terraform collapse

[NEW YORK] Terraform Labs co-founder Do Kwon may plead guilty in a US fraud case tied to the US$40 billion collapse of the TerraUSD stablecoin in 2022.

Terraform Labs co-founder Do Kwon  faces nine counts, including wire, securities and commodities fraud.

Do Kwon pleads not guilty to US charges over Terra collapse

TERRAFORM Labs co-founder Do Kwon pleaded not guilty to US fraud charges tied to the US$40 billion collapse of the TerraUSD stablecoin.

Cryptocurrencies have come under increasing scrutiny from regulators after a string of controversies in recent years, including the high-profile collapse of the exchange FTX.

Montenegro to extradite crypto entrepreneur Do Kwon to US

MONTENEGRO said on Friday (Dec 27) it will extradite to the United States the South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul for the multi-billion-dollar bankruptcy of his...

 Do Kwon faces related criminal charges both in the United States and his native South Korea.

Terraform Labs approved for bankruptcy wind-down after US SEC settlement

TERRAFORM Labs received court approval on Thursday (Sep 19) to wind down its operations in bankruptcy after agreeing to settle a US Securities and Exchange Commission (SEC) lawsuit accusing the compan...

Three Arrows, once one of crypto’s most famous hedge funds, collapsed soon after Luna and TerraUSD crashed along with a handful of other large crypto businesses.

Three Arrows liquidators seek US$1.3 billion over 2022 Luna crash

LIQUIDATORS for the failed cryptocurrency hedge fund, Three Arrows Capital, are seeking at least US$1.3 billion from TerraForm Labs, the bankrupt digital assets business co-founded by Do Kwon, for los...