I can’t lie it seemed that the SEC was hellbent on going after anyone that could have run afoul of US law except for those who we all know are crooked. Just when it seemed like money was able to buy people out of consequences the tide turned and when it did it did so with a vengeance. The easy one was SBF as we have all seen and now they finally are going after Do Kwon.
Kwon at a minimum was criminally negligent as the way he treated the whole situation was atrocious. Not only did he burn people but his Twitter and other social media outbursts left a bad taste in really everyone’s mouth. The key is going to be getting him back to the US as I could easily see him fleeing to a country without an extradition treaty with the US.
Based on the recent court hearings Kwon might be getting a buddy as well. If you hadn’t heard the Judge for SBF’s case is livid and fed up with SBF’s antics and what he is doing while out on bond. First, it was using Signal to message people and now SBF in all his glory claims the VPN he was using was to watch the Super Bowl. Mind you it was televised and you could stream it for free across a ton of different media but he claims he needed a VPN to do so. SBF’s judge has given him credit for his intelligence and in doing so has flipped the issue of technology on its head forcing prosecutors to explain in the judge's words “why he isn’t in jail since that is the only place we can guarantee he follows the rules”.
To me, this is fantastic and almost funny as this guy is scrambling to avoid punishment but at the same time is so stupid he can’t help but dig himself into a deeper hole. It will be interesting to see if SBF has his bond revoked and the icing on the cake, for now, would be getting Do Kwon to the US as well. The idea of having them jailed in the same cell would be the best thing in the world.
I initially posted this in the r/cryptocurrency Reddit but the responses were mixed at best with a ton of people defending those that violated the law. With people highlighting Celcious and its team as one that belongs in jail and since I never used not followed them I do not feel it is my place to state one way or another. Nonetheless, I would love to hear your thought and comments below!
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