Is South Korea getting ready to arrest Do Kwon- Decoding details

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Due to the South Korean government’s request for his arrest, Do Kwon, the founder of Terraform Labs, is in grave danger. The cryptocurrency market lost $40 billion as a result of Terra’s stablecoin USTC and Terra Classic LUNC collapsing. The prosecutor’s office reported that Do Kwon and five other people were the subjects of a […]

Kwon had insisted that he is cooperating with the authorities in his first interview with the public last month. Furthermore, Kwon reaffirmed his dedication to the Terra ecosystem and its newly introduced Terra cryptocurrency .

According to sources, Korean prosecutors searched 15 cryptocurrency companies. While the offices of Terra’s executives and affiliates were subject to raids and confiscation.

 

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