Court issues an arrest warrant against Terra’s Do Kwon as LUNA nosedives 40% in 2 hours
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Four months after the widely-publicized collapse of the Terra (LUNA) platform and its TerraUSD (UST) stablecoin that initiated a chain reaction across the cryptocurrency market, the CEO of Terraform Labs is facing arrest, along with a handful of other individuals.
Indeed, a court in the South Korean capital has issued a warrant for Do Kwon and five additional persons, citing violations of the country’s Capital Markets Act, according to a text message from the prosecutor’s office, Bloomberg’s Hooyeon Kim, reported on September 14.
The Financial Crimes Unit of the Supreme Prosecutors Office said that the six are in Singapore.
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