"Trump Will Be Furious We're Leaking This..."

Bombshell new accusation from Trump insider. Economic advisor, personal friend, and campaign insider breaks silence on the financial crisis he believes is being engineered by the Trump administration.

Terra Luna's Do Kwon To Face Criminal Fraud Charges In US

Ivan Crnogatić
January 02, 2025

Do Kwon, co-founder of Terraform Labs, the incubator of TerraUSD (CRYPTO: USTC) and Luna (CRYPTO: LUNC), is set to face criminal fraud charges in a U.S. court following his extradition from Montenegro.

What Happened: Kwon is expected to appear before U.S. Magistrate Judge Robert Lehrburger in a Manhattan federal court on Thursday afternoon, according to the South China Morning Post.

Kwon has been charged with multiple counts of commodities fraud, conspiracy, securities fraud and wire fraud related to the collapse Luna and TerraUSD in 2022, which resulted in an estimated $40 billion loss.

Why It Matters: The extradition marks the end of a prolonged legal battle involving competing requests from the U.S. and South Korea.

Montenegro Minister of Justice Bojan Božović ultimately authorized Kwon’s transfer to the U.S., citing factors such as the gravity of the alleged offenses and the sequence of extradition requests.

Kwon agreed to pay an $80 million civil fine in June 2024, having been banned from cryptocurrency transactions as part of a $4.55 billion settlement with the SEC.

He has denied any wrongdoing related to the charges.

The case has drawn significant attention in the crypto world, with the TerraUSD token experiencing a 4% surge following news of Kwon’s extradition.

Kwon’s legal troubles follow other high-profile, such as Sam Bankman-Fried‘s conviction and sentencing, and Alex Mashinsky‘s guilty plea related to the Celsius Network collapse.

Read Next:

  • XRP Price Surges 9%: What Is Going On With Ripple?

Photo: Shutterstock

Continue Reading...

Popular

Yum Brands CEO announces plans to retire in 2026

Yum Brands CEO David Gibbs announced Monday that he plans to retire from the company in the first quarter of 2026.

Scaramucci Says Trump Is Souring on VP Vance: 'The President Will Make Him More Irrelevant'

Anthony Scaramucci predicts a political tumble for Vice President Vance, suggesting that President  Trump is increasingly discontented with him.

Trump's Exec Order #14154 Could Be a "Millionaire-Maker" - Ad

Trump's next move could cement his legacy--and trigger a historic wealth boom. Ex-presidential advisor Jim Rickards reveals how it could hand millions a shot at true financial freedom. Watch the urgent interview while it's still free.

Hong Kong's richest man, Li Ka-shing, is in hot water over his company's Panama Ports deal

HONG KONG (AP) — Hong Kong tycoon Li Ka-shing’s business empire is in the after CK Hutchison Holdings chose to sell its Panama Canal to a consortium that includes U.S. investment firm BlackRock Inc., apparently angering Beijing.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Amtrak CEO abruptly resigns from the nation's passenger railroad

NEW YORK (AP) — Amtrak CEO Stephen Gardner abruptly resigned from his top post at the U.S. passenger railroad this week.

Bitcoin Is 'Digital Sound Money' In The Safest, Most Prosperous Time In History, Anthony Pompliano Says

Anthony Pompliano, founder and CEO of Professional Capital Management, on Wednesday asserted that humanity is experiencing the safest and most prosperous era

Here's Why Tesla Insiders Are Dumping Shares - Ad

Tesla is down 50%--insiders are cashing out big. Meanwhile, Elon is pouring billions into his secretive AI firm, xAI--growing 7x faster than OpenAI. We found a "backdoor" to invest before it goes mainstream.

Intel, D-Wave Quantum, Adobe, Nvidia, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500 and Nasdaq rose on Wednesday. The rally was fueled by a cooler-than-expected inflation report, which bolstered expectations for monetary easing.

Sprinklr's FY26 Will Be A Transition Year With Operational Gains Amid Turnaround, Analyst Says

Wall Street analysts rerated Sprinklr after strong Q4 report, with revenue of $202.54M and EPS of $0.10, exceeding estimates.

Trump to Trigger 3rd Financial Reset - Ad

Markets are falling, prices are rising, and trust is breaking. But a man who has known Trump for years and served as his advisor believes it's not failure--it's a plan. A secret financial reset, decades in the making, is already unfolding...The question is: will you be blindsided--or benefit?

London judge to rule on whether mining company is liable in Brazil's worst environmental disaster

LONDON (AP) — A lawyer argued Thursday that global mining giant BHP Group should be held liable for 10 years ago when a dam collapse poured tons of toxic mining waste into a major waterway that killed 19 people and devastated villages.

CEO of fast-fashion brand Primark steps down after allegations of bad behavior in social situation

LONDON (AP) — The chief executive of Primark, one of Europe’s biggest fast fashion retailers, has resigned after an investigation into his behavior toward a woman in a social environment.

DOGE Could Send 6 AI Stocks Through the Roof - Ad

Expect an announcement from Elon any day now ...Thousands of government jobs could be replaced ...By a new form of AI. This one move could save American taxpayers billions of dollars. And we believe six specific stocks could soar as a result.

Schools use AI to monitor kids, hoping to prevent violence. Our investigation found security risks

One student asked a search engine, “Why does my boyfriend hit me?” Another threatened suicide in an email to an unrequited love. A gay teen opened up in an online diary about struggles with homophobic parents, writing they just wanted to be themselves.

23andMe has filed for bankruptcy. What does this mean for your DNA data privacy?

The genetic testing company , prompting people who’ve used the service and sent in DNA samples to be analyzed to wonder what will happen to their genetic data.

The DOGE Shock: Nine Stocks to Buy - Ad

They say that DOGE's real agenda could shock the entire stock market in the coming days - sending a handful of widely unknown stocks soaring. And they've compiled the definitive investment playbook for anyone who wants the opportunity to capitalize.

SpaceX delays flight to replace NASA's stuck astronauts after launch pad problem

CAPE CANAVERAL, Fla. (AP) — A launch pad problem prompted to delay a flight to the International Space Station on Wednesday to replace NASA's .

Mohamed El-Erian Says 'Fed Put' Optimism Rises As Inflation Cools - But 'Trump Put' Hopes Are Shaken

U.S. markets rallied on Wednesday after February's inflation report came in softer than anticipated, bolstering expectations for Federal Reserve rate cuts while investors reassess the economic impact of President Donald Trump administration's policies.

Trump's Next Move - Ad

First it was MAGA, then MAHA, now MARA. New video reveals what Trump's greatest plan yet. Presidential insider exposes shocking plot to reshape U.S. economy.

Benzinga Bulls And Bears: Chevron, Microsoft, Nike — And Tariffs Have Automotive Sector Reeling

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Financial Crime Weekly: Toyota Subsidiary To Pay Over $1.6 Billion For Emissions Fraud Scheme

Toyota subsidiary, Hino Motors, ordered to pay more than $1.6 billion in penalties related to an emissions fraud scheme.

Goldman Sachs Says "Go for Gold" - Here's Why - Ad

A little-known gold company has caught the eye of a global mining giant. Could this be a pivotal moment for the U.S. gold sector?

GameStop Stock Poised For A Rebound? This Analyst Predicts Potential Price Uptick

Ali Martinez, a prominent market analyst, recently tweeted about a potential price rebound for GameStop Corp. (NYSE:GME), citing a buy signal on the TD Sequential indicator.

Ship owner says arrested captain of cargo vessel involved in North Sea collision is Russian

LONDON (AP) — The captain of a cargo ship that is a Russian national who remains in U.K. police custody, the vessel’s owner said Wednesday.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Elon Musk's Memphis Secret... Revealed - Ad

What's happening inside this nondescript building in South Memphis is so incredible... That Elon's competitors have been flying drones over this place... Trying to get any kind of intel on his project. Tech legend Jeff Brown went there to investigate and what he found is truly a matter of national security.

What's Going On With Kohl's Stock Wednesday?

Kohl's stock may be moving on continued weakness after the company reported fourth-quarter financial results and issued guidance on Tuesday.

XD Gets A Boost From New Titles

Mobile gaming firm XD recently projected better-than-expected annual profits after releasing new titles such as Heartopia and GoGo Muffin.

America's Uranium Crisis = A Massive Opportunity - Ad

Ninety percent of America's uranium is imported. With the US scrambling to rebuild domestic supply, Canadian uranium companies are in prime position. One small-cap stock could be set to benefit.

US inflation may have slowed slightly last month but tariffs threaten reversal

WASHINGTON (AP) — U.S. inflation may have cooled a bit last month but it could be a short reprieve as President Donald Trump's are widely expected to keep prices elevated in the coming months.

Asian shares advance, despite Wall Street's tumble, as China pledges to boost consumer spending

BANGKOK (AP) — Asian markets advanced Friday, shrugging off another decline on Wall Street, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending.

New "Trump" Currency Proposed in DC - Ad

A new Executive Order could unlock a $150 trillion hidden asset--and spark a historic boom in one overlooked corner of the market. Jim Rickards reveals the full story--before it hits front-page news. Watch now before it's too late!

Wall Street On Edge: Futures Slide Ahead of Trump's 'Liberation Day' Tariff Shock

U.S. stock futures declined Sunday night as investors braced for a potentially volatile week ahead of President Donald Trump's anticipated "Liberation Day" tariff announcements.

Spain told European allies it would spend more on defense, faster. Back home, it's a harder sell

MADRID (AP) — Spain's prime minister has told European allies recently that his country is willing to spend more on defense — and faster — as the , faced with potential U.S. disengagement.

Gold Prices Are Skyrocketing - Is This the Moment? - Ad

With analysts forecasting gold at $4,000 per ounce, a new exploration company may be perfectly positioned.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service