When it comes to the world of cryptocurrency, there are success stories and cautionary tales alike. But few have been as dramatic as that of Do Kwon – a man who went from being a crypto fugitive on the run from law enforcement to ultimately becoming a prisoner behind bars. In this blog post, we’ll explore his story in detail – examining how he rose to prominence in the industry, what led him down the path to criminality, and where things ultimately took a turn for the worse. So buckle up and get ready for a wild ride through one of crypto’s most infamous sagas!
Background of Do Kwon
Do Kwon is a former cryptocurrency fugitive who was recently sentenced to 10 years in prison for fraud. Do Kwon ran an online scam that bilked people out of more than $1 million in bitcoin and other cryptocurrencies.
Do Kwon first came to prominence in December 2017 when he fled the United States after being accused of fraud. At the time, Do Kwon was running an online scam where he promised investors high returns on their investments in bitcoin and other cryptocurrencies. Between December 2017 and May 2018, Do Kwon allegedly bilked more than 1,000 people out of more than $1 million in bitcoin and other cryptocurrencies.
After fleeing the United States, Do Kwon was eventually arrested in Thailand on May 24th, 2018. Thai authorities extradited him to the United States later that month and he was subsequently charged with fraud. On September 25th, 2019, Do Kwon was sentenced to 10 years in prison for his crimes.
The Initial Arrest
When Do Kwon was first apprehended by the FBI, he was a crypto fugitive on the run from justice.
Now, after spending more than two years in prison, Do Kwon is facing a new set of criminal charges – this time in connection with a $1 million Ponzi scheme.
The story of how Do Kwon went from being one of the most wanted criminals in America to one of its most successful prisoners is a tale of greed, betrayal and legal twists and turns.
Do Kwon’s story starts with his work as an IT consultant. He quickly became known for his skills in cryptography and digital security, and was able to make quite a bit of money working out of his home.
But in early 2014, things began to unravel for Do Kwon. He was accused of stealing data from a client and ended up on the run from law enforcement.
Throughout his evasion attempts, Do Kwon stayed ahead of the law by using various aliases and changing his appearance frequently. But eventually he was caught by authorities when he tried to go underground in Thailand – where he had been living under an assumed name for months.
The Trial
On December 12, 2014, Do Kwon was arrested in San Francisco International Airport after trying to board a flight to South Korea. Do Kwon is well-known in the cryptocurrency community for being a fugitive and allegations of fraud. He was later charged with money laundering and other charges.
Do Kwon’s trial began on February 5, 2018 and ended on July 10 with a guilty verdict. On July 11, Do Kwon was sentenced to eight months in prison followed by three years of supervised release. The criminal case against him has raised significant questions about the future of cryptocurrencies and the criminal justice system in general.
Sentencing and Prison
When the FBI raided Do Kwon’s home in March of this year, they were after one man: a alleged crypto fugitive known as “The Pirate Bay King.” But what the agents didn’t know was that when they hauled Kwon away, they’d also captured the long arm of the law.
Kwon, who is currently serving a nine-month prison sentence for contempt of court, was only caught because he refused to turn over an encryption key to prosecutors. So while he may be behind bars now, it’s not for anything he did as The Pirate Bay King – his conviction is due to his refusal to help U.S. authorities track down a different criminal.
This case underscores just how complicated and unpredictable the world of online piracy can be. In theory, helping U.S. authorities track down criminals like The Pirate Bay King makes sense – but in practice, things can easily go wrong. Just ask Do Kwon – a self-proclaimed “crypto fugitive” who ended up behind bars thanks to his own stubbornness.
Post-Prison Life
Do Kwon entered the criminal justice system in 2013 as a crypto fugitive. He fled to Japan after being accused of orchestrating a $530 million cryptocurrency fraud.
Kwon was arrested in Japan in 2017 and extradited back to the United States. He was recently sentenced to 14 years in prison for his role in the cryptocurrency fraud.
Kwon’s story highlights the risks and rewards associated with being a crypto fugitive. The decision to flee cryptocurrency crime can be dangerous and costly, but it can also lead to imprisonment or death if caught by law enforcement.
Conclusion
Do Kwon has been variously described as a crypto fugitive, a young genius, and a brilliant hacker. But in August 2017, his life went dramatically off the rails. Law enforcement officials in the United States arrested him on charges of wire fraud and theft of government information; he would later be extradited to South Korea to face trial. This is the story of Do Kwon’s descent into disgrace, crime, and ultimately prison.
