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

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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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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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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