Crypto Crooks

Time moves faster in crypto. So this week we’re back with a bonus episode on all the lunacy that’s gone down since February."Crypto Crooks" is sponsored by Chainalysis.We’d finished writing and recording this show by February 2023. But February and March were busy months for the Securities and Exchange Commission, the U.S. Department of Justice and the authorities of Montenegro. They’ve all been going after Do Kwon. And they’ve all had some very interesting successes. So, we’re back with a bonus episode. We break down everything that’s happened, explore what it reveals about Do Kwon, his empire and his collaborators, and explore the true extent of one of the most brazen cons in modern financial history.Episode transcripts are available at coindesk.com/podcasts/crypto-crooks. -Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the season finale, we look at the man behind the curtain – and tease out just how many crimes he committed."Crypto Crooks" is sponsored by Chainalysis.Do Kwon has evaded, deflected and run away. But his empire’s crimes are like a trail of breadcrumbs, always leading back to him. In our season finale, we take stock of Do Kwon’s twisted legacy: the myriad crimes and deceptions he enacted, the system he built to prop them all up and the lies he’s still spouting while running from both nominal responsibility and the law.But there’s more: stay tuned for a bonus episode. We’re digging into the bombshell updates to the saga since February, when the SEC filed its investment fraud suit against Do Kwon and Terraform Labs.Clips:Pomp & Mike Novogratz Bitcoin Fireside | Bitcoin 2022 ConferenceDo Kwon of Terra: 'It Was Never Really About Money or Fame or Success' - Ep. 408Episode transcripts are available at coindesk.com/podcasts/crypto-crooks. -Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week we delve into the underlying mechanisms of terraUSD and how they incentivized experienced investors to drive the stablecoin into a death spiral."Crypto Crooks" is sponsored by Chainalysis.Do Kwon wasn’t creating a new grift. His coin was history, repeated. Financial experts foretold the failure of Do Kwon’s empire from the beginning – because they’d seen it all happen before, at the Bank of England no less. In our deep dive into terraUSD, we examine how the death spiral that ate the stablecoin alive was knit into the very fabric of the project. It was no accident, fluke or unexpected occurrence: It was inevitable. Next up, our season finale – and then, a bonus episode on the bombshell revelations of an SEC investment suit against Do Kwon, filed this February.Clip:Terraform Labs CEO on US Crypto Regulation: 'It's Not That Interesting' | Video | CoinDeskEpisode transcripts are available at coindesk.com/podcasts/crypto-crooks. -Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week we delve into terraUSD’s winners, its losers and the rules of the whole twisted game."Crypto Crooks" is sponsored by Chainalysis.TerraUSD and its so-called “ecosystem” were always a game – one only some investors realized they were playing. As we fall deeper into the death spiral, we look at the retail investors who were indisputable victims of Do Kwon’s scheme. Many of them lost life savings and even, ultimately, their lives, in the wave of suicides which followed the depeg. We also look at the more complicated role of financial professionals in propping up Do Kwon’s empire, many of whom got out of the racket millions of dollars richer than when they’d gone in. After this, two more episodes to come – plus a bonus fifth on the bombshell revelations of a new SEC investment suit against Do Kwon and Terraform labs.Clips:Pomp & Mike Novogratz Bitcoin Fireside | Bitcoin 2022 ConferenceKyle Davies clip, found by Cas PianceyEpisode transcripts are available at coindesk.com/podcasts/crypto-crooks. -Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.