Do the negative effects of fugitive Terra (LUNA) CEO Do Kwon have the potential to continue to drive the cryptocurrency market further? Details are in the rest of the article.
Terra CEO Do Kwon wanted by South Korea SingaporeIt was thought that he lived in . Based on this, South Korea from Singapore Kwon and his 5 friends He requested that his passport be revoked. But according to the latest developments, Kwon and his friends have “fled” Singapore and are now being taken over by South Korea. Interpol’s red notice requested to be included.
In the past few days after the events 2 analysts He spoke to CoinDesk about how the red notice request and Kwon’s fugitive situation will affect the cryptocurrency markets. General opinion of analysts These events will not affect the cryptocurrency markets much. However, the issue is still on the table open to discussion.
The following statements were noted in the statement made by analysts:
The Terra incident does not present systemic risks to the broader crypto markets, especially if we look at investments in the sector. But regulators and policymakers see the Terra incident as a “major warning sign” of the scale of losses in the industry and possible future worst-case scenarios. And this brings with it strict measures.
terra and Luna Classic (LUNC) exhibited a steady upward performance in late August and early September and gave hope to investors. However, after the latest developments and Do Kwon’s runaway status, there was a sudden pullback in prices.