The Seoul Southern District Court reportedly honored the prosecutors’ request to freeze 233.3 billion won in assets (approximately $176 million) personally…
South Korea will begin the first trial for Terraform Labs co-founder Shin Hyun-seung on 26 May, in connection with the collapse of the $40 billion Terra Luna…
Montenegro's state-owned media says that a trial has opened in the country against Terraform Labs founder Do Kwon and another citizen of South Korea. RTCG television reported that they are charged in the Balkan country with using forged identification documents. The two men were in court on Thursday and offered 400,000 euros ($437,000) each to be released on bail. The court in Podgorica hasn't yet decided on the motion. Do Kwon was arrested in Montenegro in March on an international arrest warrant in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world. Both South Korea and the United States have requested his extradition from Montenegro.
Terra co-founder Do Kwon has pleaded not guilty to using forged travel documents in Montenegro, where he is detained, Bloomberg reported May 11. The crypto…