Do Kwon Terra – DIGIT INFO

Do Kwon says SEC’s extradition request is impossible

DIGIT — Thu, 28 Sep 2023 00:54:04 +0000

The Terraform Labs co-founder has pushed back against the SEC’s request to question him in the United States.

Do Kwon denies forging passport, blames ‘Chinese’ agency: Report

DIGIT — Mon, 19 Jun 2023 06:16:19 +0000

Do Kwon has denied forging travel documentation and refuted having any financial ties to Europe Now party leader Milojko Spajić.

Go to Source

Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister

DIGIT — Thu, 23 Mar 2023 16:30:05 +0000

According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect. *Editor’s Note: This article was edited with an extra paragraph at 2 p.m. (ET) to […]

Go to Source

Do Kwon, Terraform Labs Face Class-Action Lawsuit for Allegedly Selling Unregistered Securities

DIGIT — Sat, 30 Jul 2022 16:00:00 +0000

While most of the crypto economy’s digital assets have seen significant gains this month, Terra’s luna 2.0 has been stagnant as it has shed 24.37% against bitcoin during the last 30 days. LUNA is down 89.8% from the token’s all-time price high two months ago on May 28. Moreover, the whistleblower Fatman has revealed that […]

Go to Source

Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False

DIGIT — Mon, 13 Jun 2022 05:30:51 +0000

Terra’s new LUNA 2.0 token has lost 54% in value in the last two weeks, after reaching $11.33 per unit on May 30. Meanwhile, the whistleblower Fatman has accused Terra’s co-founder Do Kwon of cashing out $2.7 billion a few months before the UST de-pegging incident. Kwon, however, has been keeping tabs on Fatman’s accusations […]

Go to Source

LUNA 2.0 Token Loses 56% Since Last Week, Whistleblower Accuses Terraform Labs of Owning Shadow Wallets

DIGIT — Mon, 06 Jun 2022 20:00:50 +0000

After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-based decentralized finance (defi) projects are transitioning over to the new Phoenix-1 blockchain. In addition to the defi projects […]

Go to Source

Terra Whistleblower Publishes Alleged Chat Log Between Do Kwon and Network Validators

DIGIT — Thu, 02 Jun 2022 16:30:35 +0000

Over two weeks after the Terra LUNA and UST fallout, a whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder Do Kwon, Terra validators, and infrastructure providers from the Terra blockchain community. If the chat log is legitimate, Fatman claims the document proves over 50 people “knew about the [network] halt before […]

Go to Source

Terra Development Team Reveals Some Users ‘Received Less LUNA From the Airdrop Than Expected’

DIGIT — Tue, 31 May 2022 16:30:28 +0000

The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” […]

Go to Source

While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations

DIGIT — Mon, 30 May 2022 18:00:53 +0000

It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague […]

Go to Source