South Korean prosecutor’s office terra After a court order against him, the ecosystem began its attempts to arrest the “general affairs chief”. Prosecutors had already requested an arrest warrant for him on charges of violation of the Securities Market Law, fraud and market manipulation. The Seoul Southern District Court will be the authority to decide on the arrest after reviewing the arrest warrant today.
Koinfinans.com As we reported, South Korea’s Seoul Southern District Attorney’s Office is preparing to seek the first arrest in the Terra-LUNA crisis, the prosecutor’s office previously reported on Terra’s CEO, according to a report by local news site Yonhap on Oct. Do Kwon and six of Terra’s executives, including its chief executive officer.
The Seoul Southern District Attorney’s Office has now requested court permission to arrest Terra’s chief of affairs. Prosecutors announced in the documents in question that they believe they are running bot programs to manipulate the prices of tokens belonging to the Terra ecosystem.
Name to be arrested Do KwonHe is known as one of the closest names to . After the court’s permission, the arrest will take place and will be recorded as the first arrest in the case.
The Prosecutor’s Office and Interpol are actively investigating Do Kwon’s whereabouts, as Singapore police have previously confirmed that Do Kwon has not been in the country.
Meanwhile, South Korea’s Ministry of Foreign Affairs issued a warning to Do Kwon to hand over his passport within 14 days, otherwise his passport would be revoked. Authorities are also demanding his extradition. As it is known, Do Kwon’s accusations of $ 60 billion collapse or profiteering still continue.
Terra Classic Price Drops
Expanding and accelerating the investigation surrounding Do Kwon and other Terra executives, South Korean prosecutors continue to influence LUNC and LUNA prices.
Terra Classic (LUNC) price surged after Binance burned more than 5.5 billion tokens on Monday. However, the price is down more than 3% in the last 24 hours to as low as $0.0029.
Also, Terra (LUNA) is down about 2% with the price currently trading at $2.50.
You can follow the current price action here.
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