South Korean court issued an arrest warrant for Do Kwon, the primary developer of cryptocurrencies Luna and TerraUSD, whose spectacular collapse in May roiled crypto markets around the world.
Investors have accused Kwon, the founder of blockchain platform Terraform Labs, of fraud in the aftermath of the collapse. “An arrest warrant has been issued for a total of six people, including Do Kwon, who are currently residing in Singapore,” a prosecutor’s spokesperson said on Wednesday, without explaining why.
