Hydropower Fuels Montenegro's Bitcoin Ambitions
Montenegro explores hydroelectric-powered Bitcoin bonds for economic growth.
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Montenegro explores hydroelectric-powered Bitcoin bonds for economic growth.
Previously, Kwon claimed that he had no idea the passport he carried when caught was fake.
Do Kwon, a South Korean national, is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in May 2022, roiling cryptocurrency markets.
He is also wanted in the US and South Korea
Previous attempts to arrest the Terra co-founder Daniel Shin failed because a South Korean court refused to grant the arrest warrant.
Terraform Labs is headquartered and registered in Singapore and this is the first time the country has publicly taken action against Do Kwon and his firm.
Terraform Labs employees have reportedly been prohibited from exiting South Korea as investigations by prosecutors continue.
The U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.
South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation.
There have been many calls on social media for legal action against Do Kwon, and there has also been speculation that the potential departure of his legal team may be motivated by money concerns.