Fiasco Terra (LUNA): Do Kwon under arrest warrant
Do Kwon wanted – Almost 4 months ago, the Terra ecosystem imploded with the fall of its stablecoin LUNA. Indeed, after – 99% in one week, this cryptographic fire set the ecosystem on fire and blood, causing heavy losses for some investors, and above all attracting the wrath of regulation. An epilogue, however, seems to be taking shape this morning: Do Kwon, the CEO of Terraform Labs is under the arrest warrant of the South Korean justice.
Indeed, our colleagues of The Block report the comments of the South Korean newspaper Chosun Ilbo which informs us exclusively of the arrest warrant established against:
- Do Kwonco-founder of Terraform Labs;
- Nicholas Platiasco-founder of Terraform Labs;
- Han Moexecutive and employee of Terraform Labs.
Accused of fraud and violation of capital and market law, the South Korean warrant is valid for one year. Our wanted persons are in residence in Singapore. A collaboration with Interpol is also mentioned. Case to follow.
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