South Korea
Do Kwon Reportedly in Serbia; Future of FTX’s Political Donations
U.S. prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reports. Do Kwon, wanted internationally in connection with Terra's collapse, has moved to Serbia through Dubai, according to CoinDesk Korea. And Bloomberg reports that at least $73 million of political donations tied to Sam Bankman-Fried’s FTX may be at risk of being clawed back.
Metaverse Project WeMade Put on 'Caution' List in South Korea After Releasing Inaccurate Token Data
WeMade said it accidentally excluded the issuance of tokens meant to supply liquidity to its mainnet and increase user participation.
The Future of Web3 in Korea
City of Busan steps up the game on blockchain. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
How South Korea’s National Assembly Got Stood Up by Crypto Industry Reps at Terra Hearing
Only two crypto executives represented the industry, though lawmakers asked five to attend.
South Korean Prosecutors Seeking 8-Year Sentence for Ex-Bithumb Chairman
Lee Jung-hoon, who led the company that operated the exchange, is charged with committing $70 million in fraud.
Judge Dismisses Arrest Warrant for Terra's Head of General Affairs Yu: Report
The arrest comes after the country invalidated Terra co-founder Do Kwon's passport.
Terra Founder Do Kwon's Passport 'Invalidated,' S. Korea Says
Do Kwon has 14 days to return his passport, according to a notice on a government website.
Do Kwon Denies Report That South Korean Prosecutors Froze $39.6M of His Crypto
"I don't know whose funds they've frozen, but good for them, hope they use it for good," he tweeted.
Terraform Labs Calls S. Korean Authorities’ Arrest Warrant for Do Kwon Overreach: Report
A Terraform spokesperson claimed its luna cryptocurrency wasn’t a security, meaning it wasn’t covered by South Korea’s capital markets law.
S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do Kwon
Interpol has issued a Red Notice for Kwon's provisional arrest pending extradition, as a worldwide search for the Terraform Labs co-founder continues.
