Do Kwon Arrest Warrant Issued by South Korean Court
North Korean Hackers Implicated in Cryptocurrency Theft
Developer Faces Wrath of South Korea for Cryptocurrency Collapse
In a groundbreaking development, a South Korean court has authorized the arrest of Do Kwon, the mastermind behind the now-defunct cryptocurrency Terra and Luna. The move stems from allegations that Kwon orchestrated a massive fraud scheme that resulted in the loss of billions of dollars for investors.
Exclusive information obtained by CNN through private investigators at Chainalysis has unveiled a covert operation involving alleged North Korean tech workers who assisted in the laundering of stolen cryptocurrency funds. Résumés submitted to a company allegedly operated by Kwon and obtained by CNN further substantiate these claims.
Earlier this week, Hankyoreh, a reputable South Korean newspaper, revealed that Kwon had attempted to flee to Dubai but was intercepted by Singaporean authorities. His subsequent release has sparked outrage in South Korea, where he is widely vilified as the "most hated man."
The US Treasury Department has also taken action, imposing sanctions on a cryptocurrency service implicated in the theft of at least $35 million. The evidence suggests that North Korean hackers were behind this brazen cyberattack.
The collapse of Terra and Luna, which promised exorbitant yields of up to 20%, has left investors devastated and authorities scrambling to hold Kwon accountable. The arrest warrant issued by the South Korean court marks a significant step in the ongoing investigation into this international cryptocurrency scandal.
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