Do Kwon arrested, bitcoin reclaims $28,000, SEC’s enforcement actions persists

[ad_1] This week was mixed, punctuated by bullish and bearish patterns in the price action of top crypto assets, including bitcoin and ethereum. Noteworthy development included the recovery of bitcoin (BTC), which rejected bear pressure and rallied back above $28,000. The uptrend remains despite the United States Securities and Exchange Commission’s (SEC) enforcement actions. Meanwhile, […]

identity confirmed and presented in court

[ad_1] Do Kwon, the founder of the failed crypto network Terraform Labs, was arrested on Thursday, Mar. 23, after months of evading authorities and regulators. Kwon arrested, identity confirmed  The troubled Terra founder is responsible for over $40b in losses after the crash of two crypto assets, LUNA (now Luna Classic) and TerraUSD algorithmic stablecoin, UST.  The […]

Terraform Labs’ Do Kwon allegedly arrested in Montenegro

[ad_1] Montenegrin police have apprehended an individual suspected of being one of the most wanted fugitives in the world — Do Kwon, a South Korean national, co-founder, and CEO of Terraform Labs based in Singapore. According to Filip Adzic, Montenegro’s interior minister, Kwon, responsible for losses exceeding $40 billion, was allegedly arrested at Podgorica airport […]