South Korea is attempting to apprehend the developer of the failed cryptocurrency Luna

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South Korea is attempting to apprehend the developer of the failed cryptocurrency Luna

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.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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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.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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