#do kwon

I haven’t mentioned for a few weeks what a shit show crypto is. So let John Oliver do it far better than anybody else can.

I’ll just add is that the only value crypto has is the value that people think it has. As John Oliver put it, it’s totally based on “good vibes”. It’s essentially just digital play money that people buy with real money.  

One of the sketchy crypto characters John mentioned is Do Kwon. He is now in custody in Montenegro – nabbed while fleeing arrest by the authorities in the US and South Korea.

Jane Street Moves to Dismiss Terraform Labs’ Insider Trading Allegations

Jane Street filed to dismiss Terraform's insider trading lawsuit, claiming the Terra collapse fraud was already prosecuted with Do Kwon sentenced to 15 years.

Do Kwon, the South Korean co-founder of Terraform Labs, was sentenced to 15 years in prison on December 11, 2025 in a Manhattan federal court after pleading guilty to fraud tied to the collapse of the TerraUSD stablecoin and its sister token, Luna. According to court documents and news reports, the judge described the scheme as a massive fraud that left thousands of investors facing heavy…

NEW YORK — Do Kwon, the 34-year-old South Korean behind the collapsed TerraUSD stablecoin and Luna token, was sentenced to 15 years in prison on Wednesday for orchestrating what a judge called an “epic, generational-scale fraud” that cost investors an estimated US$40 billion in 2022. Terra-Luna Crypto Fraud US District Judge Paul Engelmayer condemned Kwon for repeatedly lying to ordinary…

Do Kwon requests five-year prison term in U.S. fraud case. Legal team argues Kwon’s actions stemmed from desperation, not greed. Kwon’s detention in Montenegro highlights the severity of his consequences. Do Kwon, the founder of Terraform Labs, has requested that a U.S. court limit his prison sentence to five years after pleading guilty to charges related to the $40 billion collapse of the…

Do Kwon loses multimillion penthouse deposit after court ruling. Singapore court dismisses Kwon’s claim over S$19.4M penthouse. Luxury Orchard Road penthouse slip adds to Do Kwon’s woes. Terraform Labs co-founder Do Kwon has lost his bid to recover a S$19.4 million deposit paid for a luxury penthouse in Singapore. The High Court struck out his claim, and the developer was allowed to keep the…

Do Kwon’s plea change could reshape $40B Terra fraud case. Judge demands full defense narrative ahead of Kwon’s plea shift. LUNA price dips slightly as markets await Kwon’s next move. Do Kwon, co-founder of Terraform Labs, is expected to change his Plea in a $40 billion fraud case in a New York federal court today, Tuesday, August 12. According to court filings, Judge Paul Engelmayer confirmed…

Do Kwon, the co-founder of Terraform Labs, has been extradited to the United States from Montenegro to face multiple fraud charges stemming from the May 2022 collapse of the Terra-Luna cryptocurrency platform. This development follows an extensive international investigation into Kwon’s alleged role in one of the largest financial failures in cryptocurrency history. Kwon was arraigned in the…