US Prosecutors Expand Investigation on Do Kwon with Account Access

user avatar

by Giorgi Kostiuk

2 years ago

US prosecutors are expanding their investigation into Terraform Labs co-founder Do Kwon, securing search warrants for his accounts and devices.

Investigation Expansion

In January 2023, a federal court in the Southern District of New York approved the prosecutors' request for search warrants for Do Kwon's accounts, including his email and Twitter, as well as other devices. Prosecutors expect to access terabytes of data potentially related to the case.

Parallels with Sam Bankman-Fried Case

The case against Do Kwon is similar to the case of former FTX CEO Sam Bankman-Fried, who was extradited from the Bahamas. Initially charged with eight counts in March 2023, another count—money laundering conspiracy—was added in 2024.

Potential Consequences for Do Kwon

Do Kwon, extradited from Montenegro to the US, faces nine felony charges, including fraud and money laundering. If convicted, Do Kwon could face significant prison time, similar to Bankman-Fried, who was sentenced to 25 years.

The investigation into Do Kwon reflects the US authorities' strong stance against violations in the cryptocurrency industry.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Arbitrum DAO Approves Ecosystem Incentive Programs

chest

The Arbitrum DAO has approved a governance proposal to direct treasury resources towards ecosystem growth through incentive programs.

user avatarJacob Williams

FBI Takes Action Against Hamas Fundraising with Cryptocurrency Seizure

chest

The FBI has seized approximately $560,000 in cryptocurrency linked to Hamas as part of efforts to disrupt terrorist fundraising operations.

user avatarZainab Kamara

Solana Ecosystem Tokens Outperform Broader Altcoin Market

chest

Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

chest

Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

chest

Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

chest

Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.