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India Today
11-08-2025
- Business
- India Today
Do Kwon expected to plead guilty in crypto collapse case
According to court documents obtained on Monday, South Korean crypto innovator Do Kwon, who co-founded Terraform Labs and is accused in connection with the crash of Terra USD and Luna, the two digital assets that allegedly lost about $40 billion in 2022 is now expected to enter a guilty District Judge Paul Engelmayer issued a brief scheduling order, stating that he had been advised that the defendant may change his plea. The court hearing is set for Tuesday at 10:30a.m. EDT (1430GMT) in a federal courtroom in Kwon had entered a not-guilty plea in response to a nine count indictment, which includes charges of securities fraud, wire fraud, commodities fraud, and a money laundering conspiracy. Neither lawyers for Kwon nor the Manhattan US Attorney's office, which brought the charges, immediately responded to requests for KWON SET TO CHANGE PLEADefence attorneys are expected to go over the plea deal with Kwon before the hearing and help him prepare a narrative allocution that clearly outlines the offenses he plans to plead guilty to. The court has encouraged the defence counsel to assist in drafting a statement that can be read openly during the Kwon's legal situation intensified after his extradition from Montenegro. He had been held there for over a year following an arrest for attempting to board a flight using forged travel documents. His troubles began with the dramatic failure of his Terra USD and Luna cryptocurrencies, which triggered devastating losses for countless prosecutors in Manhattan have charged him with a sweeping set of offences which include securities fraud, wire fraud, commodities fraud, and conspiracy.- EndsWith inputs from Reuters Must Watch
India Today
01-08-2025
- India Today
US bans Karachi hotel visits for staff after threat, issues security alert
The United States has imposed temporary restrictions on its government personnel visiting high-end hotels in Karachi, Pakistan, following a reported threat targeting these establishments, the State Department announced on to a security alert issued by the US Consulate General in Karachi, officials received intelligence indicating a potential threat directed specifically at upscale hotels in the city. In response, the consulate has suspended official visits to these venues, citing precautionary measures to safeguard State Department emphasised that such restrictions are not uncommon and may extend to other public spaces abrod which include tourist attractions, shopping malls, restaurants, and markets when credible threats emerge. The advisory urges US government personnel in Pakistan to avoid crowded areas, maintain a low profile, and remain vigilant, especially in locations frequented by Western nationals. RISK MITIGATIONPakistan remains under a Level 3 travel advisory from the US government, which recommends that citizens reconsider their travel due to the ongoing risks of terrorism and the potential for armed conflict. Karachi, a sprawling metropolis and economic hub, has long grappled with security challenges, making it a focal point for diplomatic had previously advised its citizens to reconsider their travel plans to Pakistan in September last year owing to growing concerns about alert underscores the volatile security landscape in parts of Pakistan, which is just a level above the level 4 category, which is "do not travel", applied to areas like Khyber Pakhtunkhwa and areas near the line of control.- EndsWith inputs from ReutersMust Watch
India Today
14-07-2025
- Business
- India Today
One of the worst real estate deals ever made: Trump on Gaza
US President Donald Trump on Monday called the Gaza Strip "one of the worst real estate deals ever made." He criticised how Gaza was formed, saying Israel gave up valuable "oceanfront property.""The Gaza strip. I call it the Gaza strip. One of the worst real estate deals ever made. They gave up the oceanfront property. One of the worst deals ever made," he Gaza strip. I call it the Gaza strip. One of the worst real estate deals ever made. They gave up the oceanfront property. One of the worst deals ever Clash Report (@clashreport) July 14, 2025advertisementHe made these comments during the ongoing conflict between Israel and Hamas. Trump also said that Israel might hand over control of Gaza to the United States in the future. A day earlier, Trump said he hoped talks for a ceasefire between Israel and Hamas would be resolved soon. He told reporters, "We are talking and hopefully we're going to get that straightened out over the next week."The US has been backing a 60-day ceasefire plan. This plan includes a gradual release of hostages, Israeli troops pulling back from parts of Gaza, and peace talks to end the ENVISIONS GAZA AS A RESORTFor several months, Trump has suggested turning Gaza into a resort area like the "Middle Eastern Riviera." He said US officials could lead efforts to rebuild the area. Trump's Special Envoy to the Middle East, Steve Witkoff, may be involved in the planning."There could be something fairly soon to talk about," Trump said, hinting that he may soon present detailed ideas for Gaza's future. He has talked before about building luxury hotels and tourist attractions in the war-damaged is not the first time Trump has talked about Gaza in such terms. In February, Trump said the US would "take over" the enclave, saying a plan could turn it into the "Rivera of the Middle East." "The US will take over the Gaza Strip and we will do a job with it, too. We'll own it," Trump no official plan has been shared yet. The Gaza Strip is currently suffering from a terrible conflict. Since the war began in October 2023, tens of thousands of people have died or been conflict started on October 7, 2023, when Hamas militants attacked Israel. They killed about 1,200 people and took 251 hostages into Gaza. Officials believe around 20 of those hostages are still response has killed more than 57,000 Palestinians, according to health officials in Gaza. Nearly all of Gaza's 2 million residents have been displaced.- EndsWith inputs from ReutersMust Watch
India Today
07-07-2025
- Politics
- India Today
Iran's president claims Israel tried to assassinate him during 12-day war
Iranian President Masoud Pezeshkian has claimed that Israel attempted to assassinate him during last month's 12-day conflict between the two to US media personality Tucker Carlson in his first major interview with Western media since the war, Pezeshkian said Israeli forces targeted the location of a high-level meeting he was attending.'They did try, yes. They acted accordingly, but they failed,' Pezeshkian said when asked whether Israel had sought to kill him. 'I was in a meeting they tried to bombard the area in which we were holding that meeting.'advertisement While Pezeshkian did not confirm if the alleged attempt occurred during Israel's June 13 aerial strikes — which targeted Iranian nuclear and military infrastructure — his claim aligns with a period of heightened Israeli military activity. NEW: Iranian President Pezeshkian has accused Israel of attempting to assassinate him. Clash Report (@clashreport) July 7, 2025Pezeshkian did not specify whether the assassination attempt occurred during Israel's massive June 13 air campaign, which targeted Iranian nuclear and military facilities and killed several senior Iranian officials. Pezeshkian, however, struck a conciliatory tone when speaking about the United States, saying he believed tensions between Tehran and Washington could still be resolved through dialogue.'I am of the belief that we could very much easily resolve our differences and conflicts with the United States through dialogue and talks,' he said, speaking through an interpreter. However, he warned that trust remains a significant hurdle following the coordinated US and Israeli military actions."How are we going to trust the United States again?' Pezeshkian asked. 'How can we know for sure that in the middle of the talks the Israeli regime will not be given the permission again to attack us?"Pezeshkian urged US President Donald Trump not to allow Israeli Prime Minister Benjamin Netanyahu — who is visiting Washington for meetings at the White House this week — to drag the United States into another war."The United States' president, Mr. Trump, he is capable enough to guide the region towards peace and a brighter future and put Israel in its place — or get into a pit, an endless pit, or a swamp,' he House press secretary Karoline Leavitt said she was unsure whether Trump had seen Pezeshkian's comments but echoed the sentiment that the president was committed to peace. Israel did not immediately respond to the allegation. A senior Israeli military official said last month that Israel killed more than 30 senior security officials and 11 senior nuclear scientists in its attack on Iran's nuclear Friday, Trump told reporters that he believed Tehran's nuclear program had been set back permanently, although Iran could restart efforts elsewhere.- EndsWith inputs from ReutersMust Watch
India Today
05-07-2025
- Politics
- India Today
Iran Supreme Leader Khamenei seen in public for 1st time since Israel conflict
Iran's Supreme Leader, Ayatollah Ali Khamenei, appeared in public for the first time in months on Saturday to take part in a religious ritual in Tehran, as tensions with Israel have visit comes after reports that Khamenei had been hiding in a safe location since the outbreak of a 12-day aerial war with Israel that killed several top Iranian leaders, such as military chiefs and nuclear AT ASHURA CEREMONY According to Reuters, state television aired footage showing Khamenei entering a hall where a large gathering was observing Ashura, the most significant day in the Shi'ite Muslim were seen chanting as Khamenei, wrapped in his traditional black robes, walked into the venue often used for key state and religious is the first reported public appearance of the Supreme Leader since the war started on June 13. Throughout the first few days of the air raids, Khamenei avoided making any in-person appearances, choosing to issue pre-recorded to growing security concerns during the conflict, Khamenei's absence from public events has sparked speculation about his whereabouts. His speeches during this period, including his annual address to mark key religious observances, were broadcast via pre-recorded video. Iranian officials later clarified that the decision was made in light of safety protocols amid escalating regional Israeli conflict, characterised by airstrikes and clandestine activities, has triggered alarm of broader regional instability. Though both have levelled threats and low-level retaliations, Iran's leadership has continued to display strength in the wake of increasing international pressure.- EndsWith inputs from ReutersMust Watch
