The web3/crypto community seems to select for individuals with an almost proud ignorance of the law and state power. The same personality that can make a 21st-century gold bug pitch (e.g. a world on crypto is one without wars, Bitcoin is impossible to ban, or Luna is magically stable et cetera) is one that reacts to an arrest warrant by no showing and tweeting.
[0] https://msccsp.org/nasc/downloads/HyungkwanPark_supplemental...
[1] https://www.nytimes.com/2020/07/06/world/asia/south-korea-ch...
Madoff's core operation was based on scamming rich Jews in New York City, Palm Beach, Florida, and Hollywood. In each location, he had a prominent Jewish leader steering investors to his fund. Ezra Merkin handled New York, Stanley Chais handled Hollywood, and Madoff himself worked the Palm Beach Country Club. This was very much an in-person scam. A long list of celebrities lost big.
That's why the recovery operation was so long, so extensive and so successful. The major victims were well connected, could afford expensive lawyers, and collectively, they had a lot of clout.
The crypto world tends to have less well connected suckers.
- https://www.youtube.com/watch?v=ZvzwpbFSi44
- https://www.youtube.com/results?search_query=coffeezilla+do+...
That being said it seems like there is more to his story than buggy code.
- "none of us were notified of this at all; when i found out about this, the south korean prosecution told me they usually don't notify people of this because they might destroy evidence and/or leave the country beforehand"
- "tbh people being treated as potential criminals like this is absolutely outrageous and unacceptable"
https://web.archive.org/web/20220622034155/https://twitter.c...
(To be clear, this is a different Terra person; not Do Kwon).
Hmm, wonder if Do Kwon is reading this :)
He has a young family (with a child less than a year old) as far as I know, where are they?
[1] https://www.businesstimes.com.sg/government-economy/police-s...
