Terraform Labs CEO Do Kwon Cashed In Bitcoin Worth 240 Million Won
After Kwon Do-hyeong, CEO of Terraform Labs, recently entered Serbia, on-chain data showed he cashed in BTC (Bitcoin) worth 240 million won.
LUNC News: Controversial Proposal Separating Terra Classic From TFL, Do Kwon Passes
The controversial Proposal 11030 by Terra Rebels to separate the Terra Classic (LUNC) community from Terraform Labs and Do Kwon is seemingly passing. TFL staff Jared indeed pointed out earlier that it’s better for Terra Classic to separate from Terra (LUNA).
Terra Fugitive Do Kwon Has Registered Address in Serbia: S. Korean Local Media
Interpol fugitive and chief of Terraform Labs Pte. Ltd. Kwon Do-hyung has registered his residential address in the Republic of Serbia, according to South Korean media reports citing local prosecutors.
S. Korean Authorities Confirm Terra’s Co-Founder Do Kwon is Hiding in Serbia
Korean authorities have found that Terra’s co-founder is hiding out in Serbia and will ask the Serbian government to join in the investigation.
Do Kwon Accuses FTX Founder of Manipulating Terra (LUNA) and UST Prices
Terra founder Do Kwon accused FTX’s Sam Bankman-Fried of shorting BTC to handicap the Luna Foundation Guard’s reserves, citing that Alameda has a record of borrowing lump sums in BTC on the de-peg dates of the algorithm-based stablecoin, formerly called UST.
US Prosecutors Are Examining Whether SBF Orchestrated Terra’s Collapse
US prosecutors are also investigating whether Sam Bankman-Fried is responsible for the collapse of the Terra ecosystem in May.
South Korea Issues Arrest Warrant for Do Kwon’s Former Colleagues
Amid the ongoing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean authorities have spread out their investigations to target other Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors of the firm following suspicion of gaining illegal profits before the massive collapse of the Terra ecosystem.
