The prosecutor heading the probe into Do Kwon and Terraform Labs believes that Do Kwon may be handed a record 40 year prison sentence. The Terra founder could then be extradited to the US to face trial and serve a separate jail term if convicted.
Summary: A Lawyer for Coinone’s former Listing Director Mr. Jeon and his broker Mr Ko responded to bribery charges during...
A South Korean district court in Seoul ruled against the notion that Do Kwon's Terra Classic (LUNC) is a security under the country's Capital Markets Act.
Fugitive and Terraform Labs founder Do Kwon paid $7 million to South Korean law firm Kim & Chang before Terra wiped out $40 billion from the market in May 2022.
South Korean prosecutors say Do Kwon's $69 million in assets are not in the country as governments tussle for the Terraform founders' extradition.
The United States and South Korea have both requested the extradition of Do Kwon from Montenegro. The country's Justice Minster has clarified that court proceedings in Montenegro will have priority over extradition.
The Lazarus Group has moved funds associated with last year's $100 million Harmony bridge hack, A few of the linked wallets have been frozen by Binance and Huobi.
Huobi Global and Huobi Korea are set to part ways as the Korean subsidiary charts a new course in 2023.