{"id":76101,"date":"2023-03-24T09:38:09","date_gmt":"2023-03-24T07:38:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76101"},"modified":"2025-09-10T15:25:58","modified_gmt":"2025-09-10T12:25:58","slug":"u-s-prosecutors-charge-do-kwon-with-fraud","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/u-s-prosecutors-charge-do-kwon-with-fraud\/","title":{"rendered":"U.S. prosecutors charge Do Kwon with fraud"},"content":{"rendered":"

The U.S. Attorney’s Office for the Southern District of New York \u043f\u0440\u0435\u0434\u044a\u044f\u0432\u0438\u043b\u0430<\/a> charges against the co-founder and CEO of Terraform Labs (TFL) Do Kwon, hours after his arrest in Montenegro.<\/p>\n

The indictment contains eight counts, including conspiracy to commit securities fraud and market manipulation, securities fraud, and investor deception.<\/p>\n

\n

\u201cKwon conspired with others to deceive buyers of cryptocurrencies issued by TFL, by misleading them about the effectiveness of the algorithmic mechanism that allegedly provided price stability for the UST, through false statements and market manipulation,\u201d the regulator said.<\/p>\n<\/blockquote>\n

The indictment was filed in the Southern District of New York. A spokesperson for the prosecutors, in a comment to CoinDesk<\/a>, clarified that the DOJ intends to seek Kwon’s extradition to the United States.<\/p>\n

After Terra’s collapse, the Seoul Southern District Prosecutors’ Office became interested<\/a> in TFL’s activities, and a court issued an arrest warrant for Do Kwon<\/a> and five others.<\/p>\n

In February 2023, the U.S. Securities and Exchange Commission filed<\/a> Terraform Labs and its CEO with charges in a multibillion-dollar securities fraud scheme.<\/p>\n

Earlier, on March 23, police detained Kwon on forged documents at the airport \u041f\u043e\u0434\u0433\u043e\u0440\u0438\u0446\u044b<\/span> at the request of U.S. law enforcement, Singapore<\/a> and South Korea.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. prosecutors in New York filed charges against Terraform Labs (TFL) co-founder and CEO Do Kwon, hours after his arrest in Montenegro.<\/p>\n","protected":false},"author":1,"featured_media":76102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[852,26],"class_list":["post-76101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-terra","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76101"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76101\/revisions"}],"predecessor-version":[{"id":76103,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76101\/revisions\/76103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76102"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}