South Korean court issues arrest warrant for creator of failed Luna and TerraUSD cryptocurrencies
A court in the capital of the Republic of Korea, Seoul, has issued an arrest warrant for Do Kwon, who is not only the creator of the notorious cryptocurrencies, but also the Terraform Labs blockchain platform. Currently, Kwon and 5 other indictees affiliated with the company reside in Singapore.
Korean prosecutors decided to issue an arrest warrant after several months of investigation, which included searches and seizures at the local crypto exchanges offices.
Based on the data of Elliptic analysts, the total amount of investors losses in Luna and TerraUSD coins was more than $42 billion.#AladdinCenter #aladdinnews
