Menu
Search
Menu
Search
Epic Games has added its very first NFT game title to its store.
Amorepacific is aiming to enter more markets and increase the presence of its brands in the global cosmetic industry.
Meta’s NFT integration on Instagram is now live and users can start showcasing their digital collectibles.
FxWirePro- BTCUSD Predictions
Nissan is recalling some Frontier and Titan pickup trucks for risks of rolling away while parked.
Target and FAO Schwarz are teaming up amid the prediction of high demand for toys this holiday season.
Kimchi supply is scarce due to a shortage of cabbage and radish.
Seongnam City will soon grant NFT citizenship for its Metaverse version to provide services and information to residents.
Crypto exchanges in Korea are under investigation for possible fraud and link to the collapse of TerraUSD and Luna.
GameStop partners with Immutable Games Studio to offer collectible NFT trading cards to its reward program members.
Apple will reportedly bring iPhone 14’s satellite connectivity to more countries
FxWirePro- Top altcoins for the day (Strength index)(ETCUSD and ETHUSD)
Crypto.com strategically acquired OK-BIT amid the drop in value of corporate exchange firms.
SK Telecom is now offering a platform where users can trade NFTs with ease and unmatched convenience.
In asking the court to dismiss the claim, the trust unit of Credit Suisse described “the quantum of damages” claimed by the plaintiffs as “extreme.”
Formula One has jumped into NFT and the Metaverse with its latest trademark filing.
Shell announced the departure of its CEO by the end of this year and his successor has already been chosen.
Cryptocurrency: Prosecutors are convinced Do Kwon is ‘on the run’ but Terraform founder denies the claim
Photo by: Terra Media Gallery
Cryptocurrency: Terraform’s co-founder Do Kwon facing arrest over the collapse of Luna crypto
Terraform Lab's founder, Do Kwon, is on the run, according to South Korean prosecutors. They said that the wanted businessman who was accused of massive fraud after his cryptocurrency firm collapsed in May is "obviously" in hiding and further alleged that he is not cooperating with the probe.
As per Yonhap News Agency, the local prosecutors are convinced Do Kwon is avoiding arrest after the police in Singapore said last Saturday that the Terraform founder and chief executive officer is not in the country anymore. The crypto and blockchain company founded by Do Kwon has been under investigation since a few months ago, and the cases involve tax evasion and fraud.
The probe started after investors for TerraUSD, and Luna cryptocurrencies filed complaints against Do Kwon. They accused him of engaging in a Ponzi scheme as they lost billions of Korean won when Terraform Lab's crypto coins both heavily crashed in May.
It was reported last week that the Seoul Southern District Prosecutors Office has issued arrest warrants for Do Kwon and five other people, including Nicholas Platias, one of Terraform's founding members. The warrants were released to repatriate them from Singapore, where they are believed to be staying.
The prosecutors believe the Terraform Lab's CEO flew to Singapore in April to evade arrest and is "obviously on the run." This assumption also came as he also dissolved his crypto company's Korean unit, which is Terraform Labs Korea. This was allegedly done to avoid investigation.
It was further learned that Do Kwon's family also went to Singapore, and they were followed by Terraform's key financial executives. What's more, he is not cooperating with investigators and only told the prosecution through a lawyer that he has no plans of appearing before the prosecutors for questioning.
Meanwhile, Do Kwon responded and denied through social media that he is fleeing. The Korea Times reported that he refuted the prosecutors' remarks that he is hiding despite the fact that he seems to be keeping his location a secret and did not respond to his arrest warrant.
"I am not 'on the run' or anything similar – for any government agency that has shown interest to communicate," Do Kwon tweeted. "We are in full cooperation and we do not have anything to hide."
Japanese government luring young adults to drink more alcohol
5 ways to deal with burnout at work
How monkeypox epidemic is likely to play out – in four graphs
The metaverse isn’t here yet, but it already has a long history
What is a semiconductor? An electrical engineer explains how these critical electronic components work and how they are made
Samsung to use NFTs for offline shopping rewards
US: Joe Biden signs Inflation Reduction Act into law
Astronomers have detected one of the biggest black hole jets in the sky
What science says about the best ways to cool down
The upcoming campaign ‘More Fizz, More Swag’ will also emphasize the refreshment quotient for the all-new Pepsi.
Bristol Myers and AbbVie biopharma companies announced upcoming layoffs in their respective facilities in California.
Amorepacific is aiming to enter more markets and increase the presence of its brands in the global cosmetic industry.
Pieces from the new collection range in percentage of recycled material from 20 to 100.
Xbox chief Phil Spencer says Series X/S price hike is not the right move for now
SM Entertainment is set to sever ties with Lee Soo Man’s Like Planning production firm over investors’ complaints regarding payments.
Terraform Lab’s Do Kwon is fleeing after a warrant of arrest has been issued according to the prosecutors.
Phil Spencer says Microsoft will keep pursuing investments in the video game industry that may include buying more studios
Poland signed an agreement last week to purchase 48 new light combat aircraft as part of its $13.5 billion arms deal.
Kimchi supply is scarce due to a shortage of cabbage and radish.
Back to Top ▲
©Elmin Media . All Rights Reserved. By using this site, you agree to the Terms of Service, Privacy Policy, and Cookie Policy.
Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
EconoTimes. Elmin Media LLC. All Rights Reserved. | 17 Seonyu-ro 49-gil, Yeongdeungpo-gu, Seoul, South Korea
Newspaper Registration No. Seoul A04906 | Registration Date. 2018.01.02
Publisher/Editor. Sungmin Kwon | Juvenile Protection Manager. Seokjin Yoon
Tel. +82.2.6332.2245
Sign up for daily updates for the most important
stories unfolding in the global economy.
