Crypto Crime: the Founder of Luna May Be on the Run

Do Kwon, co-founder of Terraform Labs, founded one of the most spectacular collapses in recent months. He is accused of fraud and violating local market laws in South Korea. South Korean authorities have issued an arrest warrant for him and five others. Kwon reacted, saying he was not on the run and that he was collaborating with the authorities. Last May, sister tokens Luna and UST lost all their value in a matter of days, wiping out at least $55 billion of market cap.

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