Authorities Step Up Their Crypto Crackdown
A string of enforcement actions, the latest involving the multibillion-dollar collapse of Terraform Labs, has put the chill on a recent Bitcoin rally.
Stay updated with breaking news from Do Kwon. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A string of enforcement actions, the latest involving the multibillion-dollar collapse of Terraform Labs, has put the chill on a recent Bitcoin rally.
As payment for his efforts in promoting the crypto business, the former TMON CEO allegedly received LUNA tokens from Terra, which he eventually sold.
Legal experts previously said that Serbia is a possible spot for Kwon since the country has no extradition treaty with South Korea and without this, prosecutors may have a hard time arresting the CEO.
Is Do Kwon short of funds?
Seven months into the controversial collapse of Terra, authorities are still investigating the reason behind the crash that led to the closure of a myriad of crypto businesses.