您现在的位置是:SEC says Do Kwon cashed out $100 million from Bitcoin stash >>正文
SEC says Do Kwon cashed out $100 million from Bitcoin stash
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛4人已围观
简介Do Kwon reportedly held 10,000 BTC in a cold wallet.The now fugitive Terraform Labs founder reported...
- Do Kwon reportedly held 10,000 BTC in a cold wallet.
- The now fugitive Terraform Labs founder reportedly cashed out a massive $100 million worth of Bitcoin through a bank in Switzerland.
- The SEC announced it had charged Do Kwon with defrauding investors.
The United States Securities and Exchange Commission (SEC) yesterday announced charges against Do Kwon, the founder of Terraform Labs. The regulator’s complaint is that Kwon and his company orchestrated a scheme that saw him defraud investors.
Do Kwon is the founder of Terra, the crypto project that had a native token LUNA and stablecoin Terra USD (UST). He’s on the run and the latest news is that he cashed out massive amounts of Bitcoin (BTC) following the collapse of UST and LUNA.
SEC says Do Kwon defrauded investors
SEC charges against Do Kwon point to a plot to mislead investors, with the collapse of the then $40 billion LUNA ecosystem impacting the wider crypto market amid an intensifying crypto winter.
“We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for LUNA and Terra USD,” SEC Chair Gary Gensler said in a press release on Thursday.
“We also allege that they committed fraud by repeating false and misleading statements to build trust before causing devastating losses for investors,” he added.
Kwon cashed out millions of BTC via Swiss bank
As Bloomberg notes in a report published Thursday, 17 February, Kwon’s company had ostensibly moved and cashed out over $100 million worth of Bitcoin using an unnamed banking provider in Switzerland.
The transfers began in June 2022 and were reportedly part of more than 10,000 BTC stashed in a cold wallet and periodically withdrawn through the Swiss-based bank.
The SEC allege the fraudulent transactions had continued up to the date of its official complaint against Do Kwon and its firm.
Unlike Sam Bankman-Fried who was arrested swiftly following the collapse of his firms FTX and Alameda Research, Do Kwon continues to evade capture. An arrest warrant by Interpol was issued last year and the latest reports on his whereabouts suggested the South Korean citizen was in Serbia.
Terra (LUNA) and Terra Luna Classic (LUNC) price outlook
As Coinjournal reported on Friday morning, the price of Terra (LUNA) fell sharply following news the SEC had charged Kwon.
Data from CoinGecko as of 9 am ET on Friday, also showed that the Terra Luna Classic price was 3.6% down at $0.00016773, while its market cap stood at $992 million. LUNC is a community-driven project that emerged out of the LUNA debacle.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/66342.html
相关文章
Advancing robotics: AI breakthrough enables robots to understand material composition
SEC says Do Kwon cashed out $100 million from Bitcoin stashBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Robots ar...
阅读更多
Cardano's network undergoes upgrade
SEC says Do Kwon cashed out $100 million from Bitcoin stashThe Cardano (ADA) network is inching closer to the Mary upgrade, which could see the blockchain prov...
阅读更多
What asset is worth buying, Bitcoin or Ethereum?
SEC says Do Kwon cashed out $100 million from Bitcoin stashChoosing between two assets can be a little confusing and even becomes riskier if one lacks a decent...
阅读更多
热门文章
- SpaceX launches first direct
- Private space company loses space tug launched by SpaceX Falcon 9
- Space Perspective unveils test version of its Neptune space balloon
- Dogecoin Foundations reveals transition plans to a unique PoS model
- TransROTA is advancing plasma research with innovative codes
- World's first offshore green hydrogen pilot production facility now online
最新文章
BitPay Card Is Adding Support For Apple Pay
IOTA price eyeing channel breakout to $1.60
ThorChain (RUNE) hopes to break downward momentum with a recent mini
Ripple Labs Cuts Ties With MoneyGram
Axie infinity (AXS) starts correcting recent dive: Here is why the price is hiking
Bomber Coin Price Drops 8%, is it Time To Buy?