Cointime

Download App
iOS & Android

Do Kwon will be released from Montenegro prison but will not be allowed to leave the country

Do Kwon, co-founder of Terraform, will be released from prison in Montenegro, but due to several criminal charges brought by national authorities, he will remain in the Balkans. The High Court of Montenegro ordered the confiscation of Kwon's passport on Friday to prevent him from leaving the country. According to the court's order, Kwon will leave Spuž prison on Saturday. The prosecutor opposes extraditing Kwon to South Korea and would prefer him to be sent to the United States, where he could face a longer sentence if convicted.

Comments

All Comments

Recommended for you

  • Slurpycoin on BSC was attacked by flash loans, and the attacker used the repurchase mechanism to manipulate the token price for profit

    According to CertiK Alert monitoring, Slurpycoin on BSC has suffered a flash loan attack. The attacker manipulated the token price using a buyback mechanism and made a profit of about $3,000 from sandwich arbitrage. This attack is also responsible for the $10,000 loss of MRP tokens on July 2.
  • Europol seizes over $26 million in crypto from nine drug traffickers

    On December 19th, the European police organization collaborated with law enforcement agencies from six countries to dismantle an international drug trafficking group that used cryptocurrency. The operation resulted in the arrest of 9 suspects. During the operation, valuable items including gold and luxury goods, €35,000 in cash, and €25 million in cryptocurrency (equivalent to $26.23 million) were seized. The total value of assets seized was €27 million, equivalent to $28.33 million.
  • Phishers forge Ledger emails, send fake security breach notifications to trick users into sharing seed phrases

    scammers are forging support emails from hardware wallet manufacturer Ledger, in order to trick users into sharing their seed phrases under the guise of checking for security vulnerabilities. Ledger users have reported that phishing scammers are forging support emails from the cryptocurrency hardware wallet provider in order to trick users into revealing their wallet keys.
  • Anthropic X account was hacked, it has been restored and confirmed that no system was damaged

    official X account of the artificial intelligence startup company Anthropic was hacked this morning and an unknown token contract address was posted. The tweet has since been deleted. Anthropic stated that the root cause of the unauthorized post on the account has been identified and confirmed that no Anthropic system or service was compromised or involved in this incident.
  • Nigeria raids crypto fraud den, nearly 800 suspects arrested, including citizens of many countries

    the Economic and Financial Crimes Commission (EFCC) of Nigeria raided a cryptocurrency scam center in Lagos on December 10th, arresting 792 suspects, including 148 Chinese citizens and 40 Filipino citizens. The organization primarily targeted North American and European users for Ponzi schemes, forcing victims to transfer funds for false cryptocurrency plans and other non-existent projects.
  • ZachXBT: LastPass attackers stole approximately $5.36 million in crypto assets from more than 40 addresses

    On December 17th, Chain analyst ZachXBT revealed that LastPass attackers launched attacks on more than 40 victim addresses, stealing approximately $5.36 million in encrypted assets. The attacker then exchanged the stolen funds for ETH and transferred the assets from the Ethereum network to the Bitcoin network through multiple instant exchanges, attempting to conceal the flow of funds.
  • On-chain trading tool SolTradingBot suspected of being attacked

    On December 17th, according to community reports, the on-chain trading tool SolTradingBot was suspected to have been attacked, and some users reported that their funds were stolen. Please be aware of the risks.
  • Cryptocurrency firm Terraform Labs and its founder Do Kwon committed fraud

    The US Securities and Exchange Commission (SEC) ruled that the actions of cryptocurrency company Terraform Labs and its founder Do Kwon constitute fraud. The company's bankruptcy in 2022 resulted in a loss of $40 billion in investor funds.
  • Do Kwon will go on trial in Manhattan on Monday

    Terraform Labs and its founder Do Kwon will face trial in Manhattan on Monday, accused by regulators of lying to investors about the collapse of the company's two cryptocurrencies, LUNA and UST, which disrupted the market in 2022. Regulators also accuse them of falsely claiming that Terraform's blockchain was used for a popular mobile payment app in Korea. Do Kwon will not attend the trial. He was arrested in Montenegro last March and is awaiting extradition back to his home country of South Korea, where he faces criminal charges. A court in Montenegro postponed his extradition on Friday, citing concerns from the country's prosecutor's office about the extradition process.
  • Terra co-founder Do Kwon released, awaiting Supreme Court extradition decision

    Market news: Terra co-founder Do Kwon has been released and is awaiting the extradition decision of the Supreme Court.