Following the May 2022 collapse of Kwon’s multi-billion dollar crypto enterprise Terraform Labs, authorities in his native country, South Korea, and the U.S. have brought criminal charges against him, including for fraud. The disgraced entrepreneur and an associate were arrested in Montenegro last year for possession of falsified official documents and were sentenced to four months in prison.
Related posts
-
Standard Chartered Predicts Bitcoin Hitting Fresh All-Time High in August
Standard Chartered has predicted that bitcoin could hit a fresh all-time high in August and reach... -
Bitcoin ATM installations reach 38k, below the all-time high
The global Bitcoin ATM market has seen significant growth. There are now over 38,000 Bitcoin ATMs... -
SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations
The U.S. Securities and Exchange Commission (SEC) has asked...