South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
1–10 of 99 posts
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#2"CEO is wanted by the Interpol" is to web3 as "CEO rings bell at Nasdaq" was to webs 1 and 2.
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#3I naively thought that it would take centuries of inflation before seeing ponzi schemes beating the magnitude of Madoff, it only took 10 years.
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#4It’s alleged he transferred vast sums from the terra treasury to his personal wallet. South Korea is a relatively lenient jurisdiction with a high penetration of blockchain products. But if these accusations are true, it is a case of theft rather than failed innovation.
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#5I naively thought that it would take centuries of inflation before seeing ponzi schemes beating the magnitude of Madoff, it only took 10 years.
The future is now!
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#6I naively thought that it would take centuries of inflation before seeing ponzi schemes beating the magnitude of Madoff, it only took 10 years.
81% of the Madoff losses were recovered (not including funds paid for taxes on false gains), not so in the land of "web3", "defi", and "ico". Through innovative meta-scam-blockchain technology they manage to "accidentally" substantially all the monies.
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#7[deleted]
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#8Do you think really $43 billion lost? Or rather that was the theoretical peak valuation? It just seems a staggering amount of money to be available for a new startup crypto project.
Hmm, wonder if Do Kwon is reading this :)
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#9This tweet aged well.
- "none of us were notified of this at all; when i found out about this, the south korean prosecution told me they usually don't notify people of this because they might destroy evidence and/or leave the country beforehand"
- "tbh people being treated as potential criminals like this is absolutely outrageous and unacceptable"
https://web.archive.org/web/20220622034155/https://twitter.c...
(To be clear, this is a different Terra person; not Do Kwon).
Re: South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help
#10Do you think really $43 billion lost? Or rather that was the theoretical peak valuation? It just seems a staggering amount of money to be available for a new startup crypto project. Hmm, wonder if Do Kwon is reading this :)
It's just the peak market cap. Not the amount of $ invested.