New revelations from court documents shed light on the extensive efforts authorities are undertaking to examine the personal data of Do Kwon, the disgraced founder of Terra (LUNA), as part of ongoing investigations into the collapse of his cryptocurrency empire. Prosecutors have outlined plans to comb through massive amounts of Kwon’s personal information, including his emails, social media accounts, financial records, and more, in an attempt to gather evidence for his fraud, money laundering, and conspiracy charges.
According to a court memo, the scale of the discovery is expected to be extensive, with investigators warning that the data could span multiple terabytes. The materials under scrutiny include search warrants, affidavits, and items seized during Kwon’s arrest. Notably, some of the warrants involve his business and personal email accounts, his Twitter profile, and several electronic devices. Investigators are also set to examine trading records from crypto exchanges and documents related to Terra’s employees, partners, and investors.
The scrutiny of Kwon’s personal data follows his recent extradition to the United States from Montenegro, where he was initially detained in March 2023. Kwon attempted to board a flight to the UAE with a fake passport, leading to his arrest. After a lengthy legal battle, the Montenegrin courts approved his extradition to face charges in the US.
The collapse of the Terra ecosystem, which saw the devaluation of the TerraUSD (UST) stablecoin and its native LUNA token, resulted in billions of dollars in losses for investors. Kwon’s actions are now under intense investigation, with potential penalties of decades in prison if he is convicted. Authorities in South Korea, Kwon’s home country, have also issued arrest warrants, further complicating his legal battles.
Also Read: Over 1 Million Victims Affected by TerraUSD Collapse as Do Kwon Faces Legal Reckoning in U.S. Court
As investigators pore over Kwon’s digital footprint, the future of this high-profile case remains uncertain, with the crypto world closely watching its outcome.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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