Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Cryptocurrencies

Cryptocurrencies

Montenegro police accuse crypto creator Do Kwon of fabricating paperwork.

Do Kwon Photo Credit: Alamy Do Kwon Photo Credit: Alamy
Do Kwon Photo Credit: Alamy Do Kwon Photo Credit: Alamy

Listen to the article now

After capturing Do Kwon at Podgorica airport, Montenegro police accused him of fabricating official papers on Friday.

Do Kwon, a South Korean, and a second suspect were arrested Thursday at Podgorica airport while trying to fly to Dubai?

During the meeting, police uncovered counterfeit Costa Rican and Belgian passports in their bags.

It started a Podgorica court that accused the two of falsifying official papers.

“Pending conclusion of the (court) procedures they will be transported to an investigative judge…for subsequent steps according to an international (arrest) warrant,” it added.

The two were also given an international warrant “to assure their attendance… before the Southern District Court in Seoul on suspicion of committing various criminal offenses in the realm of economy.”

The Manhattan U.S. District Court issued an eight-count indictment against Kwon just hours after his detention in Podgorica.

After business hours, Kwon’s U.S. lawyers did not react.

Kwon, who co-founded Terraform Labs and created the TerraUSD and Luna currencies, was indicted Thursday on securities fraud, wire fraud, commodities fraud, and conspiracy counts.

TerraUSD fell to less than a cent in May.

The criminal case follows last month’s SEC civil charges against Kwon and Terraform.

Kwon fled for months. Last September, South Korea issued an arrest order for him.

As his fingerprints matched the National Police Agency’s database, South Korean authorities identified the Montenegrin suspect as Kwon on Friday (KNPA).


Comment Template

You May Also Like

Cryptocurrencies

Cryptoverse: Stablecoins sag in the dog days of summer. Not all assets are experiencing a late summer dip, including bitcoin. As a result of...

Cryptocurrencies

On Tuesday, the top U.S. securities regulator sued cryptocurrency platform Coinbase, the second major crypto exchange to be sued in two days, dramatically escalating...

Cryptocurrencies

On Monday, the Nikkei business newspaper revealed that North Korean hackers had stolen $721 million in Bitcoin assets from Japan since 2017. The Nikkei...

Cryptocurrencies

When technical difficulties halted spot trading, Binance resumed withdrawals. Chief Executive Changpeng Zhao tweeted that Binance froze deposits and withdrawals early on Friday owing...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok