South Korea
Terra's Do Kwon Refutes Report That South Korean Prosecutors Froze $39.6M of His Crypto
Do Kwon tweeted in part on Wednesday, "Once again, I don't even use Kucoin and OkEx, have no time to trade, no funds have been frozen," in response to CoinDesk's story summarizing News1's reporting that South Korean prosecutors have frozen $39.6 million worth of his cryptocurrency assets. CryptoQuant Head of Marketing Hochan Chung weighs in.
Do Kwon Denies Report That South Korean Prosecutors Froze $39.6M of His Crypto
Do Kwon, the CEO of Terraform whose failed stablecoin project rocked markets earlier this year, denied a media report that South Korean prosecutors have frozen 56.2 billion won ($39.6 million) of his cryptocurrency assets. “The Hash” panel discusses what this means for the crypto industry at large.
South Korean Prosecutors Reportedly Froze $39.6M of Crypto Tied To Do Kwon
Prosecutors in South Korea have frozen $39.66 million of cryptocurrency assets belonging to Terraform Labs CEO Do Kwon, according to Korean media outlet News1. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the report and Do Kwon's response on Twitter.
Terraform Labs Fires Back at South Korea’s Arrest Warrant for Do Kwon: Report
Terraform Labs said South Korean prosecutors overextended their authority in seeking an arrest warrant for CEO Do Kwon, according to a report in the Wall Street Journal, citing a statement from Terraform. “The Hash” hosts discusses the latest developments surrounding the Terra ecosystem.
Interpol Reportedly Issues Red Notice for Do Kwon
South Korea said Interpol requested global law enforcement to locate and arrest Terraform Labs co-founder Do Kwon, according to Bloomberg. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De and "First Mover" host Christine Lee discuss.
South Korea Reportedly Asks Interpol to Issue Red Notice for Do Kwon; UK Regulator’s FTX Warning
According to a Financial Times report, authorities in South Korea are asking Interpol to issue a “red notice” for Do Kwon, the co-founder of the now-defunct stablecoin issuer Terraform Labs, as his current location is unknown.
Busan’s Big Blockchain Plans
Could Busan be the next crypto hub? Will help from Binance and FTX finally establish South Korea’s second largest city as the crypto haven it’s trying to be? Answers to those questions and other news shaping the cryptocurrency world in this episode of “The Daily Forkast.”
SEC Chair Gensler, CFTC Chair Behnam Testify Before Lawmakers; Do Kwon Developments
CoinDesk TV’s crypto news roundup includes CFTC Chairman Rostin Behnam and SEC Chair Gary Gensler testifying before lawmakers in separate hearings. Plus, South Korea’s Ministry of Foreign Affairs is looking to invalidate Terra co-founder Do Kwon’s passport, according to a local media report.
South Korea Reportedly Looking to Invalidate Do Kwon’s Passport
South Korea’s Ministry of Foreign Affairs is trying to get Terraform Labs co-founder Do Kwon to return his passport, according to a local media report. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De has the latest on South Korea's efforts to arrest Do Kwon. Plus, what to expect from CFTC chairman and SEC chair's hearings in Washington, D.C.
Bitcoin Mining Difficulty Nears All-Time High; US Treasury Blacklists More BTC Addresses
Bitcoin’s (BTC) mining difficulty has crossed an all-time high with its latest jump, the second in two weeks. The U.S. Department of the Treasury added nine individuals and six bitcoin addresses to its blacklist Wednesday. A South Korean court has issued an arrest warrant against Terraform Labs co-founder Do Kwon.
