US SEC Agrees to Delay Terraform Labs’ $40-Billion Crypto Fraud Trail for Do Kwon’s Extradition

US SEC Agrees to Delay Terraform Labs’ $40-Billion Crypto Fraud Trail for Do Kwon’s Extradition

ByNews Polite

The US Securities and Exchange Commission agreed to delay a civil trial against Terraform Labs and co-founder Do Kwon for allegedly orchestrating a $40 billion (roughly Rs. 3,32,329 crore) cryptocurrency fraud, so that Kwon can be extradited and attend. In a Monday filing in Manhattan federal court, the SEC said…

TerraUSD Founder Do Kwon Indicted in US Following Montenegro Arrest

TerraUSD Founder Do Kwon Indicted in US Following Montenegro Arrest

ByNews Polite

Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (nearly Rs. 3,28,500 crore) or more last year, has been charged with fraud by US prosecutors. An eight-count indictment against Kwon was made public in the US District Court in Manhattan, several hours after news of his…

South Korea Police Wants Country’s Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

South Korea Police Wants Country’s Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

ByNews Polite

South Korean police authorities have taken measures to freeze assets of the Luna Foundation Guard (LFG) following the Terra UST stablecoin bust at the beginning of May. As per a report by a local news publication, the Seoul Metropolitan Police Agency has asked multiple exchanges to block Luna Foundation Guard…