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Investigators to Search Through Do Kwon’s Personal Emails, Twitter Messages and Mobile Devices in Terra Case

New court documents reveal that authorities plan to search through disgraced Terra (LUNA) founder Do Kwon’s personal emails, social media accounts, financial records, and more. According to a new court memo, investigators say they will sift through massive amounts of Kwon’s personal data to gather evidence against him. “The Government anticipates that Rule 16 discovery in this matter will be voluminous, consisting of multiple terabytes of data. The discovery will include the following categories, among others: Search warrants, related affidavits, and materials seized pursuant to those warrants. Some of those warrants relate to accounts or devices used by Kwon, including his business and personal email accounts, his Twitter account, and four of his electronic devices.” Other data that prosecutors will look through include the business records of Terra employees, its partners and investors, trading records from crypto exchanges and written recorded public statements made by Kwon. Kwon, who was recently extradited to the US from Montenegro, is accused of defrauding investors, money laundering and conspiracy related to the multibillion-dollar downfall of the Terra ecosystem and its native tokens, TerraUSD and LUNA. He was initially arrested in Montenegro in March 2023 after he attempted to board a flight to the United Arab Emirates with a fake Costa Rican passport. He was held in Montenegro until the nation’s highest court ruled that he was to be extradited to the US. He is also wanted in his homeland of South Korea for similar charges. If convicted, he potentially faces decades in prison. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/GarryKillian/WindAwake The post Investigators to Search Through Do Kwon’s Personal Emails, Twitter Messages and Mobile Devices in Terra Case appeared first on The Daily Hodl . NewsBTC

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SEC Chair Gary Gensler Makes One Of His Last Statements Before Stepping Down: Again Talking About Bitcoin and Cryptocurrencies

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler shared his views on his tenure and the future of crypto regulation in a recent interview with Bloomberg Markets. Gensler, who will leave his post on Jan. 20, 2025, discussed the challenges and successes of his time at the helm of the SEC, particularly overseeing the $120 trillion U.S. capital market and regulating the rapidly evolving cryptocurrency sector. Gensler, who called his role a privilege, emphasized the SEC’s mission to protect everyday investors and ensure fair and transparent markets. “What we do here is protect everyday Americans, people trying to save for a better future,” he said, highlighting initiatives such as shortening the stock market payout cycle and enforcing rules to protect personal data. During Gensler’s tenure, there has been a significant focus on cryptocurrencies, an industry he once likened to the “Wild West.” Under his leadership, the SEC has intensified its regulatory scrutiny, filing more than 100 crypto-related enforcement actions on top of the 80 cases initiated by his predecessor, Jay Clayton. Despite these efforts, Gensler noted that the industry remains rife with noncompliance and bad actors. Related News: BREAKING: FED`s Highly Anticipated Critical Meeting Minutes Released - Here`s All You Need to Know “Bitcoin accounts for two-thirds to 80% of the value of the crypto market, but beyond that, there are 10,000 to 15,000 projects, many of which will not survive,” he said. Gensler also noted the speculative nature of cryptocurrencies, citing their limited fundamentals and vulnerability to pump-and-dump schemes. High-profile cases, such as those involving Sam Bankman-Fried and other industry figures, have resulted in billions in losses for investors. Gensler expressed pride in the SEC’s enforcement efforts, while acknowledging that “there’s still work to be done,” particularly when it comes to altcoins and brokerages. Gensler, who described how he transitioned from academia to regulatory leadership, addressed perceptions that he might be a crypto advocate because of his work at MIT. “When you’re in academia, you can study and teach about the value propositions of new technologies,” he said. “But in this job, you’re sworn to protect the investing public, and that means addressing challenges and non-compliance.” *This is not investment advice. Continue Reading: SEC Chair Gary Gensler Makes One Of His Last Statements Before Stepping Down: Again Talking About Bitcoin and Cryptocurrencies NewsBTC