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“Crypto trading volumes started skyrocketing in early March as a wave of altcoin activity hit the market,” Matrixport said in a Telegram broadcast. “The anticipation of the Dencun upgrade with low transaction fees caused this mania, and some political developments brought crypto to the forefront of the political election. However, with volumes declining, the sustainability […]
The eyes of global authorities, including Interpol, have been on Kwon ever since Terra collapsed in mid-2022. Terra’s collapse wiped out billions of dollars of investor funds, and Kwon fled to Montenegro, where he was arrested for possession of falsified official documents. The courts in Montenegro are deciding the destination of his extradition. Source link
Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead. Source link
The process involved using the local registration number of violators or delinquents, as they are referred to in South Korea, held by local governments. This revealed the mobile numbers of the violators, which were then used to track the linked accounts on crypto exchanges. The system reduced the previous six-month long process of requesting case-to-case […]
Three Haru Invest execs have been arrested for embezzling customer funds. It is alleged that the execs diverted funds after falsely advertising the platform. A class-action lawsuit has been filed, seeking clarity on investigations. In a stunning turn of events, barely a day after Montenegro extradited Terraform Labs CFO to South Korea, South Korean authorities […]
Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering recently listed US spot Bitcoin ETFs. President’s office urges FSC to reconsider stance, noting possibility if incorporating foreign-listed products. The South Korean president’s office has urged the Financial Services Commission (FSC) to reassess its stance on the trading […]
Klaytn (KLAY) and Finschia (FNSA) are looking to merge to create a new chain as they look to dominate Asia’s Web3 market. The integrated blockchain will be compatible with Ethereum EVM and Cosmos (CosmWasm). Klaytn, the dominant blockchain for Web3 in South Korea and with significant traction in Singapore and Vietnam, has its eyes fixed […]
Do Kwon appeals his extradition decision. Kwon’s legal battle began on June 15 with a six-month detention for extradition. The High Court recently approved requests from South Korea and the United States. In some breaking crypto news, Terraform Labs co-founder, Do Kwon, has officially lodged an appeal against the recent extradition decision by the Montenegrin […]
Montenegro Court revokes Do Kwon’s extradition, citing legal flaws in the November decision. Appellate Court highlights procedural shortcomings in US extradition request handling. Despite the extradition revocation, Kwon’s fate still awaits retrial in Montenegro. The Appellate Court of Montenegro has cancelled the extradition approval for Do Kwon, founder of Terraform Labs, following an appeal by […]