There has been an important development regarding Terra (LUNA) founder Do Kwon, who caused hundreds of billions of dollars in losses in the cryptocurrency markets due to the collapse of his algorithmic stablecoin. Interpol stepped in and issued a red notice for Kwon, who could not be caught despite South Korea’s attempts.
In the past months, which caused a great collapse in the crypto money markets, Terra (Luna) There has been an important development regarding the incident. According to information from South Korean prosecutors, the International Criminal Police Organization (Interpol) about Do Kwon, the founder of Terra (LUNA) red notice took it out.
South Korean officials a while ago about Do Kwon issued an arrest warrant but this decision did not yield any results. The name, which turned the crypto money markets into a bloodbath, so to speak, could not be caught. It was even said that Kwon was in Singapore, but Singaporean authorities explained that this was not true because they could not find Do Kwon. With Interpol’s red notice, the circle will narrow and Do Kwon will be caught sooner or later. It should be noted that there has been no statement from the Do Kwon front.
What had happened?
Cryptocurrency markets, which have been in a general downward trend since the beginning of 2022, a few months ago a serious collapse lived. The reason for this collapse was the stable cryptocurrency UST of the Terra (LUNA) team. The cryptocurrency, which is algorithmically indexed to $1, has sold billions of dollars of LUNA to stay at $1. This sale includes the LUNA, which was priced at over $100 just a few months ago. up to $0.0001 dropped it. All of this has directly or indirectly affected all cryptocurrency investors around the world. South Korean authorities took action on what happened and Do Kwon’s to be held accountable before the court tried to provide. However, Do Kwon has so far not caught. Now Interpol stepped in and issued a red notice…
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Source :
https://www.bloomberg.com/news/articles/2022-09-26/south-korea-says-interpol-issued-red-notice-for-terra-s-do-kwon