Facebook X (Twitter) Instagram
    Wednesday, September 27
    Trending
    • Everything to know about Times Square 
    • What is the Nations League? Uefa Women’s Nations League Explained
    • UEFA Women’s Nations League fixtures for Tuesday 26th September 2023 
    • 2023 Nations League: England vs Netherlands – kick-off, team news, how to live stream
    • Russia seeks to rejoin UN’s human rights council
    • New iPhone 15 fails bend test as YouTuber breaks it with bare hands
    • Hamleys reveals its top 10 toys for Christmas — and it’s another win for Barbie
    • Luxury restaurant The Ivy launches loyalty scheme
    Login
    WTX News
    Facebook X (Twitter) Instagram YouTube
    Subscribe
    • Live News
      • US News
      • EU News
      • UK News
      • Politics
      • COVID-19
      • Business
      • Tech zone
    • World news
      • Middle East News
        • UAE News
        • Palestine News
      • Europe
        • Italian News
        • Spanish News
      • Africa news
      • South America
      • North America
      • Asia
    • News Briefings
      • UK News Briefing
      • World News Briefing
      • Live Business News
    • Sports
      • Football News
      • Tennis
      • Women’s Football
    • MY World
      • Climate Change
      • In Review
      • Expose
      • Special Reports
        • Conscience Convoy
        • Rohingya Report
    • Entertainment
      • Insta Talk
      • Royal Family
      • Gaming News
      • TV Shows
      • Streaming
    • Lifestyle
      • Fitness
      • Fashion
      • Cooking recipes
      • Luxury
    • Travel
      • Culture
      • Holidays
    WTX News
    Home » Blog – Latest News Today
    Balkans news

    Cryptocurrency $40bn collapse boss Do Kwon jailed for forging documents 

    WTX Business TeamBy WTX Business TeamJune 20, 2023Updated:June 20, 20231 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Cryptocurrency $40bn collapse boss Do Kwon jailed for forging documents
    Cryptocurrency $40bn collapse boss Do Kwon jailed for forging documents
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Cryptocurrency $40bn collapse boss Do Kwon jailed for forging documents 

    The cryptocurrency boss Do Kwon, responsible for the $40 billion (£31.3 billion) downfall of terraUSD and Luna tokens, has been sentenced to four months behind bars in Montenegro after being found guilty of forging official documents. 

    Kwon was arrested in March at Podgorica Airport in Montenegro’s capital, where he was apprehended while attempting to board a flight to Dubai. 

    In addition to his four months in jail in Montenegro, Kwon is facing further charges in the US and South Korea in connection with the collapse of the two digital tokens last year.  

    Han Chang-joon, the former finance officer of Terraform Labs, Kwon’s company, has also been sentenced to four months in jail after being found guilty of the same charges.

    During their initial court hearing in May, both Kwon and Han pleaded not guilty.

    The court confirmed the sentences include the period of detention that both men have already severed since their arrest in March. 

    They also have the option to appeal the verdict within eight days after receiving written notification from the court.

    Business News CryptoCurrency featured Main Headlines Montenegro World News
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    WTX Business Team

    Business Live: US & UK markets monitoring. Market data: FTSE 100, NASDAQ, FTSE 250, Pound/Dollar, Pound/Euro, US markets, Oil price and so much more

    Related Posts

    Everything to know about Times Square 

    Everything to know about Times Square 

    September 27, 2023
    What is the Nations League? Uefa Women’s Nations League Explained

    What is the Nations League? Uefa Women’s Nations League Explained

    September 26, 2023
    UEFA Women's Nations League fixtures for Tuesday 26th September 2023 

    UEFA Women’s Nations League fixtures for Tuesday 26th September 2023 

    September 26, 2023

    Leave A Reply

    You must be logged in to post a comment.

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Contact Form Demo

    More from WTX News
    The latest gaming news - with game reviews and tips and tricks. updated 24 hours a day.
    Recent Posts
    • Everything to know about Times Square 
    • What is the Nations League? Uefa Women’s Nations League Explained
    • UEFA Women’s Nations League fixtures for Tuesday 26th September 2023 
    • 2023 Nations League: England vs Netherlands – kick-off, team news, how to live stream
    • Russia seeks to rejoin UN’s human rights council
    wtx news brings you the latest news, a UK news briefing, Sports analysis, and premier league news with a special round-up of Business and crypto updates
    Facebook X (Twitter) TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • News Briefing
    • Live News

    Company

    • About WTX News
    • Community
    • Join the revolution
    • Contact
    • Advertising
    • GDPR Policy
    • Privacy

    Services

    • Fitness for free
    • Insta Talk
    • Climate Change
    • In Review
    • Expose
    • Newsletters
    • Work With Us

    Subscribe to Updates

    Get the latest news from WTX News about News, Lifestyle, and business.

    Contact Form Demo

    Copyright WTX News 2023

    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.