Kwon, cryptocurrency

Do Kwon pleads not guilty to US fraud charges in $40 billion crypto collapse
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to U.S. criminal fraud charges after being extradited from Montenegro this week.
Crypto mogul Do Kwon pleads not guilty in first US court appearance
South Korean cryptocurrency mogul Do Kwon has pleaded not guilty to a freshly unsealed indictment released in time for his first U.S. court appearance
Alleged TerraUSD crypto fraudster Do Kwon facing U.S. charges after Montenegro extradition
Alleged crypto fraudster Do Kwon was facing multiple federal charges in the United States Thursday after being extradited from Montenegro. He was a fugitive wanted in the 2022 $40 billion TerraUSD collapse.
Ex-crypto chief Do Kwon brought to New York to face fraud charges
A new indictment unsealed on Thursday adds a new count of money laundering to the eight original charges announced last year against Kwon — which included securities, commodities and wire fraud — over Terraform Labs’ 2022 collapse,
Former crypto executive Do Kwon due in US court on criminal fraud charges
By Luc Cohen NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was set to appear in U.S. court on Thursday to face criminal fraud charges after being extradited from Montenegro this week.
Do Kwon Pleads Not Guilty to US Charges Over Terra Collapse
Terraform Labs Pte. co-founder Do Kwon pleaded not guilty to US fraud charges tied to the $40 billion collapse of the TerraUSD stablecoin.
The Droid Guy1d
The BitGrail Breach: How a $170 Million Crypto Hack Led to an Exchange’s Downfall
The trouble for BitGrail began as early as July 2017, but the exchange remained silent about the issues until February 2018, ...
Man convicted in Tampa in ‘Undead Apes’ blockchain case dies by suicide, family says
Berman Jerry Nowlin’s family insisted he was innocent in what prosecutors said was a cryptocurrency “rug pull” scheme.
Ripple11h
Tether TRM Labs and TRON Freeze $100 Million in Illicit Crypto Funds
Tether, TRM Labs, and TRON freeze $100 million in illicit crypto funds, strengthening blockchain security and combating ...
cryptonews10h
Convict in ‘Undead Apes’ NFT Scheme Takes Life Days Before Sentencing
Berman Nowlin, convicted in the $135k Undead Apes NFT fraud, dies by suicide at 21, weeks before his sentencing in Alabama.
gulftoday7d
Dubai dismantles two major money laundering networks for smuggling funds worth Dhs641m
Staff Reporter  Dubai authorities, in collaboration with key federal authorities, have successfully broken up two major ...
Ripple7d
Turkey Tightens Crypto Rules to Fight Money Laundering
To prevent money laundering, Turkey adopted new AML legislation that requires identity verification for crypto transactions ...
federalnewsnetwork.com2d
IRS deploys AI tools to combat emerging tech’s role in new fraud schemes
AI tools are accelerating the development of deepfake schemes and disinformation campaigns that led to fraud The IRS is ...
UAE Busts Money Laundering Networks Used to Smuggle AED 641 Million
Dubai authorities have successfully dismantled two major international crime networks involved in money laundering operations ...
American Banker3d
When employees are LOLing money laundering, can tech help?
"Money laundering and sanctions are huge and nuanced ... They can identify that a customer has used a placement or layering stage, such as a cryptocurrency exchange, to obfuscate the source of ...
Impacts11d
FeiXiaoHao: Ranking the Top Cryptocurrency Exchanges for Secure Trading
In the fast-paced cryptocurrency market, how do you identify the best exchange for secure and reliable trading? With ...