Crypto Crash: Arrest Warrant Issued for Luna Co-Founder

A reckoning in the crypto industry appears to be on the way. 

Nearly four months after the collapse of Luna and UST, or TerraUSD, two sister tokens issued by the Terraform Labs platform, the authorities seem ready to shed light on the reasons and those responsible for this rout 

The collapse wiped out at least $55 billion, contributed to the bankruptcy of prominent crypto lenders and the ruin of a star hedge fund, and swallowed the savings of many retail investors.

A court in South Korea has just issued an arrest warrant for Do Kwon, the co-founder of Terraform Labs, and five other people, media reports say. They are accused of violating local market laws. 

This news is republished from another source. You can check the original article here.

Be the first to comment

Leave a Reply

Your email address will not be published.