arrest warrant<\/a> for Do Kwon.<\/strong> These authorities accuse him and five others of breaching local capital laws. However, the authorities were unable to arrest Kwon, as he was missing from his residence in Singapore.<\/span><\/p>\nEarlier this year, Do Kwon shifted to Singapore and set up a base of Terraform Labs there as well. However, prosecutors were unable to trace his location. Kwon claimed that he has nothing to hide and he is consistently cooperating with authorities.<\/strong> On the contrary, South Korean authorities claim that he is on a run. They ought to investigate him for tax fraud and illegal fundraising as well.<\/strong><\/span><\/p>\n<\/p>\n
Terra\u2019s collapse was a big blow to the overall cryptocurrency market.<\/strong> It led to several financial complications for crypto firms and organizations. Nonetheless, Terra made a comeback with a new LUNA token, while keeping the older versions with the tag of Classic.<\/span><\/p>\nThis recent development is another blow to an already struggling Terra community. They hoped for a miracle as the tokens were pumped last week. However, the new LUNA token has gone down by over 17% over the previous 24 hours. LUNA Classic has also shed over 20% of its value in the meantime. On the other hand, TerraUSD was never able to restore its peg to $1.<\/strong> Nonetheless, the red notice indicates that the coming days will be critical for the Terra ecosystem and its founding members.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The Co-Founder of Terraform Labs, Do Kwon is subject to strict actions from law enforcement agencies. In a recent development, Interpol has issued a red notice for Kwon. It has instructed global law enforcement to locate and arrest the Terra founder. He currently faces several charges over the $60 billion wipeout for Terra LUNA and … <\/p>\n
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