Do Kwon, the founder of the failed crypto company Terraform Labs, is facing charges by the authorities in both South Korea and the United States.
Category: Virtual Currency
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The Younger Brother Caught in the Middle of the FTX Investigation
The collapse of Sam Bankman-Fried’s business empire has led federal prosecutors to scrutinize his brother, Gabe, who ran a pandemic-prevention group.
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Crypto Fugitive Do Kwon Is Arrested in Montenegro, Authorities Say
Mr. Kwon, the entrepreneur behind the failed TerraUSD and Luna cryptocurrencies, was headed to Dubai, Montenegro’s Interior Ministry said.
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Investors Try to Parse Jay Powell and Janet Yellen’s Next Moves on Banks
Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear.
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Crypto Wants Its Shine Back
After a miserable year, cryptocurrency companies are looking for ways to rebrand products that many consumers no longer trust.
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Silicon Valley Bank Collapse Sets Off Blame Game Between Crypto and Tech
The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
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Manchester United Sale Fetches Billion-Dollar Bids
Several bidders have emerged to buy the English soccer club, promising to pay billions to own a big piece of the world’s most popular sport.
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Government Cracks Down on Crypto Industry With Flurry of Actions
State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
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Judge Signals Jail Time if Bankman-Fried’s Internet Access Is Not Curbed
The defendant in a widespread cryptocurrency fraud case has been living in a “garden of electronic devices,” the judge says. Tighter restrictions are ahead.