Tag: arrest
PNB Rock Death: Police Arrest 17-Year-Old Murder Suspect, Also on Hunt for Father
The killing of rapper PnB Rock sent shockwaves through the music industry. And the aftermath is proving equally as jaw dropping.
As reported, the MC was gunned down while eating Roscoe’s Chicken & Waffles in Los Angeles.
Now law enforcement has announced new developments as they aggressively seek to bring justice.
Full story below…
Per TMZ,
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Terra founder Do Kwon officially an internationally wanted man as Interpol issues ‘Red Notice’ for his arrest
The search for Do Kwon has just been taken to the next level.
Interpol has just officially issued a “Red Notice” for the co-founder of the failed stablecoin Terra and Luna cryptocurrency. This means that Do Kwon is now an international fugitive, being sought out by law enforcement across the globe.
According to Interpol’s website, Red Notices are “requests to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.”
A South Korean court issued its own arrest warrant two weeks ago for Do Kwon, alleging that the cryptocurrency mogul was violating capital markets law. The failure of Do Kwon’s stablecoin Terra and its sister token Luna helped create the domino effect that led to this year’s major cryptocurrency crash. Crypto’s plunge further continued as major crypto lending firms became insolvent due to investment in Terra.
When the arrest warrant was issued, South Korean prosecutors believed Do Kwon was in Singapore. However, Singaporean authorities say the Terra creator is no longer in the country.
Do Kwon later announced on Twitter that he was “not on the run” and was in “full cooperation” with the relevant government agencies. However, prosecutors in South Korea quickly disputed the claim and said Do Kwon was “obviously on the run.”
While Do Kwon may be able to avoid authorities in South Korea, Interpol’s “Red Notice” makes him a wanted man wherever he goes. On the flip side, his re-launched cryptocurrency endeavor Terra 2.0 seems unfazed by Do Kwon’s status as a fugitive. In fact, the cryptocurrency has actually spiked in value by more than 10 percent, seemingly as the news was breaking.
City of London Police arrest alleged GTA VI leaker with assistance from FBI and NCCU
The teenager suspected of being behind this week’s massive Grand Theft Auto 6 leak is in custody in the UK. The City of London Police arrested a 17-year-old Oxfordshire resident suspected of hacking Rockstar and Uber. Police officials say they were aided by the UK’s National Cyber Crime Unit (NCCU).
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UK police arrest alleged ‘GTA VI’ hacker
Police in the UK have arrested a 17-year-old suspected hacker. Reports suggest the arrest is connected to the Rockstar Games hack that led to a major Grand Theft Auto VI leak. The individual may have been involved with an intrusion on Uber as well.
According to journalist Matthew Keys’ sources, the arrest is the result of an investigation involving the City of London Police, the UK’s National Cyber Crime Unit and the FBI. Keys noted that the police and/or the FBI will reveal more details about the arrest later today. The City of London Police told Engadget it had “no further information to share at this stage.”
UPDATE: @CityPolice confirm 17-year-old arrested over hacking incident; source says the crime is related to intrusion on Rockstar Games and possibly Uber Technologies. https://t.co/lLHX2cpGfA$UBER
— Matthew Keys (@MatthewKeysLive) September 23, 2022
The GTA VI leak is unquestionably one of the biggest in video game history. Last weekend, the hacker shared a trove of footage from a test build of the game, which is one of the most hotly anticipated titles around. Rockstar, which tends to keep a tight lid on its development process, confirmed on Monday that the leak was legitimate. It said the incident won’t impact work on the game and that it will “properly introduce” fans to the next title in the blockbuster series once it’s ready.
Uber was also subject to a cybersecurity incident this month. The company said this week that the hacker in question didn’t access user accounts but, as of Monday, it was still trying to determine the impact of the intrusion. Uber also noted reports suggesting that the same person or group might have been responsible for the Rockstar hack. In addition, it said the perpetrator may be connected to the Lapsus$ hacking group.
The 17-year-old was arrested in Oxfordshire, where one of the leaders of Lapsus$ is said to live. In March, BBC News reported that a 16-year-old from Oxford (who may have had a birthday since then) had been identified by researchers and hackers as having ties to the group. That same month, City of London Police arrested seven teenagers with alleged ties to Lapsus$, but it wasn’t confirmed if the Oxford teen was among them. Lapsus$ has also targeted the likes of Microsoft, Okta and T-Mobile.
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Arrest warrant issued for Do Kwon, creator of failed stablecoin Terra
The creator of the failed stablecoin that kicked off crypto winter is now a wanted man.
On Wednesday, a South Korean court issued an arrest warrant for Do Kwon, the co-founder of cryptocurrency company Terraform Labs, for allegedly violating capital markets law. According to Bloomberg, the arrest warrant includes five other individuals.
In May, Do Kwon’s algorithmic stablecoin Terra (UST) set off a domino effect that crashed the cryptocurrency market. UST, which is supposed to always be valued at $1 USD, fell from that pegged amount. Terra, at the time, was one of the biggest stablecoins in crypto with an $18 billion market capitalization. Many crypto users place their funds in stablecoins like Terra, due to their supposedly stable one-to-one valuation alongside the US dollar, unlike other risky cryptocurrencies that greatly fluctuate in value.
After crashing the crypto market, Terra returns with Luna 2.0. It’s already tanking again.
Attempts to correct the Terra valuation and peg it back to $1 fell short and UST’s value continued to tank until it became worth only pennies. Terra’s “sister” cryptocurrency, LUNA, which was once valued at more than $100 just earlier this year, quickly fell in price too, becoming essentially worthless at less than a penny per token. It didn’t take long for the reverberations to be felt across the crypto markets with most tokens taking a big hit in the following months. Crypto lending firms like Celsius and crypto hedge funds like Three Arrows Capital would soon face liquidity problems and, in some cases, bankruptcy as a result of the Terra/Luna crash.
Do Kwon, in an attempt to course correct, soon re-launched Luna, but that attempt failed too. The crypto founder, who would regularly tweet and talk to crypto press, has been fairly silent on the issue since.
According to Bloomberg, Do Kwon’s partner, Terraform Labs co-founder Daniel Shin, was raided by prosecutors back in July as part of an investigation into the alleged violations. All six people named in the warrant, including Do Kwon, are currently located in Singapore. According to The Financial Times, authorities are seeking international cooperation in an effort to extradite Do Kwon, though the two countries do not have a bilateral extradition treaty.