- Do Kwon has been out on bail since Friday after paying $436,400.
- The Montenegrin court will allow him to remain under house arrest.
- The SEC claims that Jump Crypto helped support fallen cryptocurrencies.
Controversial crypto-fugitive Do Kwon is comfortable living in one of his lawyer’s girlfriend’s homes. The court in Podgorica awarded the founder of Terra Blockchain 400,000 euros bailwhich converts to $436,400.
but, Do Kwon Now you may be in sight of the US Securities and Exchange Commission (SEC), as legal documents in the billion-dollar fraud case against TerraForm Labs and its CEO point to a secret partnership between Chicago fast-trading agency Jump Crypto and Terra’s UST stablecoin project that failed miserably. After one year.
Steady boysDo Kwon publishes more capital
South Korea’s The Economist reported that $500,000 in tether was disbursed seven days prior to the positive ruling. However, the fake Costa Rican passport will have consequences in the upcoming trial. After being accused of forging documents in Montenegro, Kwon became Possible To be sent back to South Korea.
Apparently, the crypto criminal earned another $2.3 million from the original Terra Luna Classic (your color) while collecting bail money. This coincided with LUNC 8% ran a bull Amid harsh market conditions last week.
Finally, the slippery crypto entrepreneur exposed $20 million from LUNC on several network verification tools. He cashed out $20 million to Binance, which is unpredictable stablyacon He might be planning another stunt.
on the flip side
- A South Korean special task force claims to have failed to freeze all of Do Kwon’s funds.
- The SEC has found links between Chicago-based Jump Crypto and fraudulent stablecoin Kwon $UST.
- Terra Luna founder is likely to be prosecuted by South Korean law, even though TerraForm Labs is based in Singapore.
Why should you bother
The outcome of this story could illustrate one of the most catastrophic cryptocurrency crashes in history.
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