South Korean authorities report that Terra co-founder Do Kwon is reportedly hiding in Serbia. They are attempting to cooperate with the Serbian government on a deal for extradition. South Korean media...
Tag: Authorities
Terra co-founder Do Kwon hiding out in Serbia, says authorities
It is understood that Terraform Labs’ controversial founder and CEO Do Kwon is currently located in the Southeast European nation of Serbia after leaving Singapore in September. According to a Dec. 1...
Chinese authorities arrest criminals that use crypto for money laundering
Chinese local media reported on the 10th of December that authorities known as Public Security Bureau in that nation had detained a large number of persons suspected of being engaged in the laundering...
The Block: Chinese authorities break up billion-dollar crypto money laundering ring: China News
Police in Inner Mongolia have arrested 63 people in association with a scheme that allegedly laundered 12 billion yuan ($1.7 billion), China News reports. Following an investigation into unusual...
Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report
Former FTX chief executive officer Sam Bankman-Fried has reportedly hired Mark Cohen, a former federal prosecutor, to act as his defense attorney. According to a Dec. 6 report from Reuters, Bankman-Fr...
South Korean Authorities Hunt for Terraform Co-Founder
Join Our Telegram channel to stay up to date on breaking news coverage South Korean prosecutors are currently seeking an arrest warrant for the co-founder of Terraform Labs. The arrest warrant also ta...
South Korean Authorities Seek Arrest Warrant for Terra (LUNA) Co-Founder Do Kwon’s Colleagues: Report
Prosecutors in South Korea are reportedly seeking a warrant for the arrest of a Terraform Labs’ co-founder along with seven others as part of an investigation of the infamous crash of the Terra (LUNA)...
FTX Leadership Misrepresented Bahamas Authorities’ Actions, Says AG
Following Sam Bankman-Frieds’ speedy exit, authorities in the Bahamas began investigating the collapse of the collapsed crypto exchange. One measure taken was to freeze the assets of FTX Digital Marke...
Meta Fined $277 Million by Irish Authorities Over Data Handling
Meta has poured a lot of resources into developing its Metaverse platform. The tech giant said that it will be reviewing the penalty decision. Meta was fined by Irish data protection authorities for h...
FTX’s new CEO ‘misrepresented’ actions taken by Bahamian authorities, says country’s AG
Bahamas Attorney General and Minister of Legal Affairs Ryan Pinder said it was “extremely regrettable” that FTX’s new CEO John Ray III “misrepresented the timely action taken b...
Turkish financial authorities shift focus to FTX team – crypto.news
Turkey’s ministry of finance announced the state has launched an investigation into former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, over allegations of fraud. FTX bankruptcy saga The Tu...
Authorities in Turkey Seize FTX Founder Sam Bankman-Fried’s Assets
Amid a probe into the collapse of the FTX cryptocurrency exchange, Turkish authorities have seized the assets of Sam Bankman-Fried and other affiliates, the Turkish Treasury and Finance Ministry annou...
Turkish Authorities Order Seizure of ‘Suspicious’ FTX Assets
Since Nov. 14, MASAK has also been investigating the exchange’s local unit, FTX Turkey. The ongoing investigations have shown that customers’ trust was “not duly preserved” by ...
Crypto Lender Hodlnaut Investigated by Singaporean Authorities (Report)
Law enforcement agents in Singapore have reportedly opened an investigation against the troubled crypto lender Hodlnaut. The police suspect the company’s executives might have cheated users over the ...
Turkish Authorities Freeze Assets of FTX CEO SBF Amid Investigation
37 mins ago | 2 mins read Exchange News Turkish authorities have frozen the accounts of Bankman-Fried and its subsidiaries. There are advantages and disadvantages to the growing crypto sector as per t...
Dutch Authorities Extended the Prison Sentence of Tornado Cash’s Developer (Report)
Alexey Pertsev – developer of the cryptocurrency mixer Tornado Cash – will reportedly remain in jail until late February 2023. The Dutch Crime Agency (FIOD) arrested the man in August this year after ...
U.S. Authorities Fix Date for FTX’s First Court Hearing
The United States Senate Agricultural Committee has announced that the first court hearing for the troubled crypto derivative exchange FTX will be held next month. CFTC Chairman to Testify in Court A...
U.S. Republican Senator writes to Federal authorities on FTX’s collapse – crypto.news
Sen. Josh Hawley, a Republican from Missouri, requested documents and correspondence regarding the failure of cryptocurrency platform FTX in a letter to senior Biden federal authorities. The Senator l...
US Authorities Set First FTX Court Hearing Date
Now that the dust has begun to settle following the unexpected collapse of FTX, government officials have started to plan hearings on the subject. Given the size of the now-bankrupt exchange, the hear...
DeFi cannot be trusted, authorities in England raise safety concerns
FTX contagion has raised concerns globally about the risk involved in DeFi versus the opportunities they represent. Authorities in England are particularly sceptic calling for wider consultations. The...
$104,000,000 Seized From Terra (LUNA) Co-Founder by South Korean Authorities: Report
South Korean authorities have reportedly seized over $100 million from Shin Hyun-seong, the co-founder of collapsed stablecoin issuer Terra (LUNA). According to a new report by YTN Korea, a court has ...
Terra Co-founder’s Firm Raided by South Korean Authorities
8 seconds ago | 2 mins read Blockchain News Chai Corporation is a payments technology firm created by Terra co-founder Daniel Shin. Shin is alleged to have obtained a substantial quantity of pre-issue...
Co-founder of Terra Accused by Authorities of Violating Capital Market Rules
Sabrina Martins Vieira Daniel Shin, CEO of Chai Corporation, joins list of investigators related to collapse of Terraform Labs, find out how this story unfolds While the cryptocurrency market’s ...
Australian Authorities Suspend License of FTX Australia
The Australian Securities & Investments Commission (ASIC) announced late Tuesday that it had suspended the Australian financial services license of FTX Australia until May 15, 2023. The agency had...
South Korean authorities seize Terra co-founder’s assets worth over $100 million
A South Korean court has approved the prosecution’s request to seize assets belonging to Terraform Labs co-founder Shin Hyun-Seong over his role in the collapse of the Terra (LUNA) ecosystem. In part...
US Authorities to Probe Binance’s Involvement in the FTX Demise
The US Congress has decided to investigate Binance’s role in the collapse of FTX. Binance’s involvement will be discussed at a December hearing. Binance, the largest cryptocurrency exchange is being ...
U.S. Authorities Reportedly Going After FTX Sam Bankman-Fried
The collapse of the FTX exchange has set a contagion effect within the entire market, the US authorities are going after the founder Sam Bankman-Fried. The FTX collapse has set a ripple effect in the ...
South Korean Authorities Raid Terra Co-Founder’s Company Office
Key Takeaways South Korean authorities have raided Chai Corporation, a Seoul-based company owned by Terra co-founder Daniel Shin. Chai is accused of sharing private and personal user data with Terra....
South Korean authorities raid Terraform Labs co-founder’s company: Forkast
The Seoul Southern District Prosecutors’ Office raided Chai Corporation, a payments technology company founded by Terraform Labs cofounder Daniel Shin (Shin Hyun-seung), according to a report from For...
Authorities in Turkey investigating FTX – crypto.news
Turkey’s Financial Crimes Investigation Agency announced on Monday, the 14 of November, that it is investigating FTX.com for the infamous collapse of the crypto exchange last week. MASAK notice claime...
S.Korean Authorities Screws Terra Co-founder Shin Of LUNA $100M Gains
Daniel Shin under South Korean investigation for $100 million mismatch of gains. Allegation of illegal use of Chai Corporation’s funds in manipulation of LUNA and Terra stablecoins. Shin is in the lim...
Bahamian Authorities Freeze FTX Assets
Key Takeaways Bahamian regulators have moved to freeze FTX’s assets. The action was reported after news that certain Bahamian customers had been allowed to withdraw funds. The company’s su...