Do Kwon – pressnews

[ad_1] Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry.Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the company pleaded guilty on Tuesday to sweeping US money laundering violations and agreed to fines of more than $4 billion. Here are three of the highest-profile crypto executives who have fallen foul of the law since last year: - Changpeng 'CZ' Zhao -Born in China in 1977, Zhao moved with his family to Canada in the 1980s and later got a degree in computer science from McGill University, according to his profile in the Bloomberg Billionaires Index.He founded Binance in 2017 in Shanghai, and led the company's ex...

[ad_1] South Korean prosecutors trying to build a case against Do Kwon over the $60 billion wipeout of his crypto project… South Korean prosecutors trying to build a case against Do Kwon over the $60 billion wipeout of his crypto project made an eye-catching admission this month: the latest court decision seems to support his defense. They made the comment after a judge rebuffed a request to detain a person linked to Kwon's collapsed Terraform Labs ecosystem. Part of the judge's reasoning was that it's debatable whether the individual had violated the nation's Capital Markets Act as prosecutors claim -- a key charge Kwon also faces, and which he has rejected. The development highlights disputes over whether the now-collapsed TerraUSD and Luna tokens Kwon created can be regulated ...

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