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U.S. Charges Russian In Ransomware Scheme Worth Up To $200 Million


The U.S. Department of Justice (DOJ) has indicted a Russian man for his alleged participation in several ransomware schemes. According to a press release from the Justice Department, the individual, identified as Russian national Mikhail Pavlovich Matveev, has carried out cyberattacks on victims...

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro


Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail...

Terraform Labs CEO Do Kwon Pleads Not Guilty to Forged Passport Charges


Terraform Labs co-founder Do Kwon pleaded not guilty to allegedly using false passports from Belgium and Costa Rica on Thursday in a Montenegro court, according to Bloomberg News.  Kwon had been on the run for months after the demise of Terraform Labs, the company behind the algorithmic stablecoin...

Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million


According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...

Report: Terraform Labs Co-Founder Indicted on Fraud Charges in South Korea


Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is suspected of deceiving investors and accumulating...

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