LUNA sinks 20% after South Korea issues arrest warrant for Do Kwon
Terra’s LUNA declined 20% on the news that South Korea has issued an arrest warrant for its founder Do Kwon. The token, which has enjoyed a new wave of interest that pushed its price up by over 80% in the last seven days, has seen its value drop by 21.4% in the previous 24 hours to $3.35, according to CryptoSlate data. Bloomberg News reported that a court in Seoul had issued a warrant for Kwon’s arrest and that of five others. The report said South Korea’s prosecutor’s office confirmed the arrest warrant. Local media Yonhap News said the arrest warrants were also issued for the founding members of Terraform Labs, Nicholas Platias, and the CEO of the affiliated Tchai Corporation, Han Mo. Do Kwon presently lives in Singapore.
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https://t.me/Terra_Luna_Tron
