Terra Co-Founder Do Kwon’s Legal Troubles Unlikely to Affect Broader Crypto Markets, Analysts Say
A name on the Interpol's wanted list and a Korean police alert for Terra co-founder Do Kwon’s whereabouts are unlikely to cause havoc to the broader crypto markets, two markets observers told CoinDesk on Tuesday. Kwon's arrest warrant puts pressure on an already intensive regulatory debate about market conduct. In the weeks following Terra’s implosion in May, prices of its LUNA and UST tokens dropped over 99.7%. At the same time, decentralized finance applications built on the network lost some $28 billion in market value – making the entire ordeal one of the single-largest capital destructive event in the history of cryptocurrencies.
Source
https://t.me/Terra_Luna_Tron
