China Flood Death Toll Jumps But Full Picture of Damage Unclear
China’s unofficial death toll from recent flooding hit 62 after the capital reported more victims, although a full
2023-08-09 14:22
Do Kwon: South Korean cryptocurrency boss jailed in Montenegro for forging documents
Fugitive cryptocurrency chief Do Kwon, the entrepreneur sought by the US and South Korea in connection with a $40bn crash, was sentenced to four months in prison by a court in Montenegro. The 31-year-old South Korean national and Terraform Labs founder was found guilty of attempting to travel with a forged passport. He was arrested by the Montenegrin police in March as he tried to board a flight to Dubai at Podgorica Airport. Han Chang-joon, the former chief financial officer of Terraform Labs, was convicted of the same crime and handed a four-month sentence. The two were charged with forging official documents and placed in 30-day pre-trial detention. Police said they recovered doctored Costa Rican passports and a separate set of Belgian passports. Kwon and Chang-joon had pleaded not guilty at their first court hearing in May. The crypto boss reportedly told the court last week that he obtained the documents in Singapore through an agency selling citizenships of various countries and believed the passports to be genuine. Time spent in detention is included in the prison terms, and the pair can appeal the verdict, the Basic Court in Podgorica said. “Once we receive the verdict in writing, we will consult with our clients about possible appeal,” defence lawyer Goran Rodic told Bloomberg. The court has up to 30 days to officially notify the defence as well as the prosecutor’s office, the lawyer added. Both South Korea and the US have requested his extradition from Montenegro, while the courts in the country are yet to decide on those requests in separate proceedings. Kwon and five others connected to Terraform Labs are wanted due to allegations of fraud and financial crimes in relation to the implosion of its digital currencies in May 2022. The TerraUSD was designed as a “stablecoin", which are pegged to stable assets like the US dollar to prevent drastic fluctuations in prices. However, around $40bn in market value was erased for the holders of TerraUSD and its floating sister currency, Luna, after the stablecoin plunged far below its $1 peg in May. South Korea asked Interpol in September to circulate a “red notice” for Kwon across the agency’s 195 member nations to find and apprehend him. US regulators in February charged Kwon and his company Terraform Labs with “orchestrating a multi-billion dollar crypto asset securities fraud”. Read More Crackdown on firms marketing cryptoassets to be introduced by City regulator Singapore punishes state fund managers who invested in FTX Police: Crypto firm founder Do Kwon arrested in Montenegro North Korea ‘bitterly criticised’ officials for failed spy satellite launch Families in North Korea ‘starving to death’ due to lack of supplies – report MeToo: Taiwan rocked by wave of sexual harassment allegations sparked by Netflix show
2023-06-20 17:57
V. Pappas, the COO of TikTok, has resigned
In a Twitter post, TikTok COO V. Pappas announced their resignation from the popular social
2023-06-23 03:53
Meta unveils Facebook-stream Ray-Bans, AI assistant
By Katie Paul and Anna Tong MENLO PARK, California (Reuters) -Meta Platforms Chief Executive Mark Zuckerberg on Wednesday rolled out
2023-09-28 02:17
Gen Z can't believe what a $5k TV looked like in 1999
A nostalgic clip of a TV from the year 2000 has made waves across social media, with many people stunned to learn it cost $5,000 (£4,000) at the time. The footage posted online shows guests arriving at a friend's New Year's house party, where they were told there was a "surprise" for them. "I think you guys are going to be amazed," he said as they gasped in awe of the TV. The clip has since garnered almost 5 million views and thousands more re-shares and comments. "I can't imagine how hard it was to get that down the basement stairs without dropping it," one person said. "People don't remember how freaking heavy TVs were back in the day." Another commented: "Aww! It really puts it into perspective though how drastically and quickly technology has changed & improved though. That was really not all that long ago, all things considered." Meanwhile, a third suggested: "Just hold on to it for a few more years and sell it as a rare item for a million bucks." Fast forward to 2023, and one viral TikTok left people feeling incredibly nostalgic over contents in a handbag from 2009. Influencer @sophdoeslife found one of her old bags that she was planning to give to charity, but instead, found some throwback items still intact. The classic British teenager staples including a phone sock, braided headbands, and a Claire's Accessories eyeshadow palette. There's even a McDonald's straw with 2009 branding, and a label from a pack of Primark earrings - back when they branded as Opia. Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-09-08 21:29
Zilch Expands Technological Innovation Efforts with European Centre for Excellence in Krakow
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Save 90% on lifetime access to 10TB of cloud storage space
TL;DR: A lifetime subscription to Degoo Premium (10TB) is on sale for £78.06, saving you
2023-06-24 12:26
Netflix password-sharing restrictions are now global
Now the entire world has to deal with Netflix's most controversial policy. Per TechCrunch, Netflix
2023-07-20 23:55
Divert, Inc. Breaks Ground on First-of-its-Kind Wasted Food to Renewable Energy Facility in Washington State
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2023-09-08 02:23
Sam Bankman-Fried wants his case thrown out of court
Lawyers for FTX founder Sam Bankman-Fried on Monday filed motions to dismiss the US government's fraud charges against him.
2023-05-09 11:58
Grand Theft Auto trailer 'will be released in early December'
Sam Houser has revealed when the 'Grand Theft Auto' trailer will be released.
2023-11-09 22:16
An Oil Giant Quietly Ditched the World’s Biggest Carbon Capture Plant
The world wants to master the process of corralling carbon, and Occidental Petroleum Corp. is building a futuristic
2023-10-23 19:48
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