Tag: warrant
Russia Ukraine war: International Criminal Court issues arrest warrant for PUTIN
FBI admits to buying location data of US citizens without a warrant
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.
: Unsealing the Mar-a-Lago search warrant: What Americans could see
Trump’s Mar-A-Lago raided by FBI ‘searching for nuclear documents and other items’ and Garland wants to unseal warrant
THE FBI raided Donald Trump’s Mar-A-Lago resort “to search for nuclear documents” and the Justice Department now wants the warrant unsealed, reports say.
Attorney General Merrick Garland has asked a federal court to release the warrant just days after the raid on Trump’s Florida property.
Neither Trump nor the FBI has said what may have been recovered during the search, which occurred on Monday.
It is also unclear exactly what FBI agents were looking for as they raided the property beginning at 6.30am.
However, The Washington Post reported on Thursday that agents were looking for nuclear weapons documents.
Federal authorities had to prove to a judge that there was reason to believe that a crime may have been committed in order to obtain the search warrant.
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Garland confirmed that he approved the warrant, but did not offer additional insight in a press conference on Thursday.
TRUMP BLASTS RAID AS ‘WITCH HUNT’
Trump previously commented about the raid on his Truth Social platform though he has not yet addressed the claims over nuclear documents.
He said that before the search, his “attorneys and representatives were cooperating fully,” further stating that “very good relationships had been established.”
Trump also said that government officials “could have had whatever they wanted, whenever they wanted, if we had it.”
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The former president called the raid a “witch hunt” and said that there were “very large numbers of agents” present.
‘PUBLIC’S CLEAR AND POWERFUL INTEREST’
Traditionally, documents like the search warrant stay sealed if there is an investigation pending.
A motion filed on Thursday cites the “public’s clear and powerful interest” in the case as reason for it to be unsealed.
In this case, revealing the warrant could disclose information about how Trump handled sensitive documents.
The Justice Department also asked that a list of the items that were taken from the Mar-a-Lago residence be released.
Trump may object to the release of the search warrant, in which case the Justice Department has to alert the judge by Friday afternoon.
‘INCREASE IN THREATS’
There have been growing threats in recent days against government agencies after the FBI raided Mar-a-Lago, according to authorities.
One apparent threat came on Thursday when a man tried to breach an FBI office in body armor.
The armed suspect tried to get inside the visitor’s screening area at the Cincinnati FBI office at around 9.15am on Thursday.
He took off when agents confronted him and reportedly fired shots as a trooper chased him.
The suspect, identified as Ricky Shiffer, 42, was eventually shot dead by cops after an hours-long standoff.