Ex-Wemade CEO indicted for fabricating Wemix token data

South Korean prosecutors have indicted former Wemade CEO Chang Hyun-guk for allegedly falsifying and concealing details about the circulation of Wemix tokens. Korean prosecutors have indicted Chang Hyun-guk, the former CEO of gaming company Wemade, on charges of fabricating and…

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The Do Kwon saga continues: ex-Terraform CEO extradited to South Korea

On August 1, the Court of Appeal of Montenegro upheld a decision to extradite Do Kwon to South Korea, denying the U.S. its extradition request and reportedly making a ‘final’ decision. Kwon, a South Korean national, is implicated in a…

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NoOnes Bitcoin Philosophy: Everyone Eats

NoOnes CEO, Ray Youssef, discusses one of the keys to making his P2P plan for the Global South a reality

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CEO of defunct yield protocol says user deposits weren’t 'principal protected'

The South Korean platform Delio collapsed last year due to counterparty exposure to Haru Invest, another South Korean crypto yield giant.

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Korean court gets new evidence alleging Terra’s Kwon deceived investors with fake transfers

South Korean prosecutors have found new evidence alleging that Terra founder Do Kwon conspired with former Chai CEO Shin Hyun-Sung to deceive investors with fake transactions. Terraform Labs co-founder Kwon Do-Hyeong, a central figure in the collapse of the Terra…

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Ripple CEO Denies 'Attacking' Tether, XRP Spikes 194% in Volume as Key Ripple v. SEC Date Arrives, XRP Ledger Gets South Korean Validator: Crypto News Digest by U.Today

Take a look at the latest news about Ripple, XRP and XRP Ledger with U.Today's news digest!

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VALR – The South African Exchange Going Global

Farzam Ehsani is Co-founder and CEO of VALR, a South African crypto exchange headquartered in Johannesburg, South Africa. With regulatory approval to operate in Europe, VALR has 1000 corporate and institutional clients, more than half a million users, and now is expanding globally.

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Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg

CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.

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Crypto policies won’t be affected by South African elections, insiders say

According to industry insiders, the upcoming South African elections on May 29 will not affect the nation’s cryptocurrency agenda. According to Mpumelelo Ndamane, CEO of South Africa-based crypto wallet provider Nuud Money, the elections will steer clear of cryptocurrencies.  “We’ve been pretty…

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1 Billion Bitcoin P2P Traders: NoOnes Sets Sights on Nigeria and Global South

Bitcoin Magazine sits down with NoOnes CEO Ray Youssef to discuss why peer-to-peer bitcoin trading is essential for the liberation of the Global South.

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US DOJ appeals Montenegro court’s extradition verdict favoring Do Kwon’s return to South Korea

U.S. prosecutors have declared their intention to appeal a recent decision by a Montenegrin high court regarding the extradition of Do Kwon, the former CEO of Terraform Labs, to South Korea. The development is part of an ongoing legal saga…

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Extraditing Do Kwon: South Korea Calls On Interpol For Support

South Korea has intensified its actions to extradite Do Kwon, the CEO of Terraform Labs, back to its jurisdiction, as local South Korean media reports. This comes in the wake of a significant legal development in Montenegro where Do Kwon successfully appealed against his extradition to the United States, thereby redirecting the focus towards South […]

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Blockchain analytics firm Crystal appoints ex-Ripple exec as CEO

Blockchain analytics firm Crystal has appointed Navin Gupta, who drove growth for Ripple firm in the MENA and South Asian markets, as its new head. In a press release on Feb. 19, the Netherlands-headquartered firm said Gupta will replace Marina…

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Court Grants Terra Founder Do Kwon’s Extradition. The Question Is, to Where?

Former Terraform Labs CEO Do Kwon has been cleared for extradition to the US or South Korea, depending on the Montenegrin Justice Minister's decision. The post Court Grants Terra Founder Do Kwon’s Extradition.

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Tether plans major expansion into BTC mining with $500M investment: Report

Tether has ambitions to reach 1% of BTC mining computing power under new CEO Paolo Ardoino. New facilities in South America will be part of the push.

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Sam Bankman-Fried appeal against bail revocation ‘meritless’: Prosecutors

The New York South District court revoked former FTX CEO Sam Bankman-Fried’s bail on Aug. 11 after an appeal from the prosecution in July citing multiple instances of violation of bail conditions.

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Crypto Exchange Chief Arrested in South Korea for Alleged Multi-Million Dollar Fraud

The prosecution claims that the scam dates back to January 2019 when the exchange's CEO allegedly started manipulating computer systems to artificially inflate certain cryptocurrencies' prices and trading volume.

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South Korea arrests Bitsonic CEO for allegedly stealing $7.5M of users’ money

The vice president of the crypto exchange will also be put on trial without preliminary detention.

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South Korean authorities arrest Bitsonic CEO for a $7.6 mln theft

Bitsonic CEO was accused of manipulating the firm's computer systems. The controversy surrounding Bitsonic echoes the larger impact such scandals can have on regulatory decisions. In a startThe post South Korean authorities arrest Bitsonic CEO for a $7.6 mln theft appeared first on AMBCrypto.

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Terraform appoints new CEO as Do Kwon remains in jail

Do Kwon is facing charges in both South Korea and the U.S., with both countries seeking his extradition. Amani expressed hope that Terra could be resurrected with new projects. As per a receThe post Terraform appoints new CEO as Do Kwon remains in jail appeared first on AMBCrypto.

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China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says

Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.

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Elon Musk says that China is ‘going to be great’ at AI development

Tesla CEO Elon Musk expressed confidence in China’s ability to succeed in the field of artificial intelligence, the South China Morning Post (SCMP) said on July 6. Musk made his comments at the World AI Conference (WAIC), an event hosted by Chinese authorities to highlight Beijing’s AI ambitions.

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Crypto Friendly Xapo Bank Expands to India, Rest of South Asia

Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape."

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Do Kwon sentenced to 4 months in prison in Montenegro

Do Kwon was arrested in March as he tried to board a flight to Dubai. The Terraform Labs CEO is wanted in South Korea and in the US on charges related to the collapse of TerraUSD and Terra LUNA. Kwon was sentenced together with Han Chang-joon, the former CEO of South Korea-based payments app Chai.

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OpenAI CEO highlights South Korean chips sector for AI growth, investment

Sam Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his willingness to further engage in the dialogue.

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SEC lawsuit halts Binance's plan to acquire Korean crypto entity

South Korean regulator halted Binance’s acquisition of a local crypto platform due to U.S. SEC's enforcement action. The SEC has charged Binance, its subsidiaries and its CEO Changpeng Zhao wThe post SEC lawsuit halts Binance's plan to acquire Korean crypto entity appeared first on AMBCrypto.

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Do Kwon’s Luxury Cars, Apartments Seized as Courts Freeze $2B of His Assets

South Korean authorities have frozen around $2 billion worth of assets tied to Do Kwon, the CEO of blockchain firm Terraform Labs, as they continue their investigation into the catastrophic...

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Terraform Labs Co-Founder Do Kwon Could Be Thrown In Jail For 40 Years In South Korea

Do Kwon, co-founder and former CEO of now-defunct Terraform Labs, is facing a jail term of up to 40 years in South Korea, the country where he committed most of his crimes. The prosecutor overseeing Kwon’s probe believes that the repatriation of the South Korean national would be the best way to serve justice to […]

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Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report

The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities.

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South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case

The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.

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CFTC fines South African CEO $3.4B over Bitcoin MLM scheme

The U. S. Commodity Futures Trading Commission (CFTC) said on April 27 that it has obtained a court judgment against a CEO involved in Bitcoin-related fraud. CEO was involved in Bitcoin MLM The case in question concerns Cornelius Johannes Steynberg of South Africa, who was the founder and CEO of Mirror Trading International Proprietary Limited (MTI).

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10,000 Bitcoins Transferred to Swiss Bank: South Korean Prosecutors Investigate Do Kwon and TFL

South Korean authorities have discovered approximately $8.6 million remaining in Sygnum Bank account of Terraform Labs CEO Do Kwon amid ongoing investigation into company

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Prosecutors claim Do Kwon has millions in Swiss account

South Korean prosecutors have revealed that former Terra CEO Do Kwon has millions of dollars stashed in a Sygnum bank account.

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Terra executives made over $300M from failed project; Do Kwon owns no property in South Korea

South Korean prosecutors said Terraform Labs executives, including Do Kwon and Daniel Shin, made 414. 5 billion won ($314. 2 million) by tricking investors into investing in the failed project. According to an April 7 KBS News report, the co-founder and former CEO of Chai Shin Hyun-Seong (also known as Daniel Shin) made 154.

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South Korea seeks to seize $314m in assets from Terra executives

The office of the Seoul prosecutor is seeking to seize assets worth $314 million from eight Terra officials, including CEO Do Kwon, who was recently arrested in Montenegro. According to South Korean news outlet KBS, Do Kwon, CEO and co-founder…

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Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report

South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.

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Do Kwon faces fraud charges from US prosecutors hours after arrest

The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.

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Terraform Labs’ Do Kwon allegedly arrested in Montenegro

Montenegrin police have detained “the most wanted fugitive in the world” — Do Kwon, a South Korean national, co-founder, and CEO of Terraform Labs based in Singapore. According to Filip Adzic, Montenegro’s interior minister, Kwon, responsible for over $40 billion…

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South Korea’s Wemade partners with Space and Time to power next-generation blockchain gaming

Wemade and Space and Time want to use blockchain technology to power the next generation of GameFi. WEMIX CEO Shane Kim says “blockchain is the future of gaming. ”  The partnership targets onboarding the next wave of game developers to the blockchain gaming industry.

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US Lawmaker Proposes Bill To Prevent Bitcoin From Being ‘Money’

Dennis Porter, CEO and co-founder of Satoshi Act Fund, shared a shocking breaking news via Twitter today that can be understood as a massive attack on Bitcoin in the United States of America. Porter wrote that the state of South Dakota is trying to pass a law that would exclude Bitcoin from the definition of […]

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Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs

The former CEO of Tmon, an e-commerce platform, has allegedly earned billions of South Korean won after selling the LUNA tokens he had received from Terra co-founder Shin Hyun-Seong for promotions.

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Ripple CEO praises ‘positive global regulatory developments’ happening outside US

Ripple CEO Brad Garlinghouse said the number of positive global regulatory developments happening in the crypto industry is “energizing. ” In a February 9 Twitter thread, Garlinghouse praised regulators in Dubai, the United Kingdom, Australia, Brazil, and South Korea for providing “leadership” and “clarity” for crypto firms.

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Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction

Coinbase CEO Brian Armstrong tweeted that BTC may be the “right long-term bet” for the two South American countries currently seeking a common currency.

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South Korea’s V Global CEO gets 25 years in prison for $2b crypto pyramid scheme 

The South Korean Supreme Court has upheld existing judgments from the local court and slammed a 25-year jail term on V.Global CEO for $2bn fraud.

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Executives from $1.5B South Korean crypto exchange fraud jailed

The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO was previously sentenced to a 22-year prison term.

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South Korean Court Freezes $92M in Terra-Related Funds

Coinspeaker South Korean Court Freezes $92M in Terra-Related Funds As per the Seoul Southern District Court, one of those taking the biggest advantage of Terra and speculating on sales was Kernel Labs CEO Kim Hyun-Joong.

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South Korean court freezes $92M in assets related to Terra tokens

The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra.

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Elon Musk Mulls Resigning As CEO Of Twitter — What’s Next For Dogecoin?

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Fallen Crypto Star Do Kwon May Be In Serbia After Fleeing Singapore: Report

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