South Korea has issued an arrest warrant for the developer of cryptocurrency Luna, whose spectacular collapse roiled crypto markets around the world.
Kwon, also the founder of blockchain platform Terraform Labs, has been accused of fraud by investors in the wake of the collapse."An arrest warrant has been issued for a total of six people, including Do Kwon, who are currently residing in Singapore," a spokesperson for prosecutors said on Wednesday without elaborating.Kwon did not immediately reply to a Reuters email seeking comment.
Read MoreTerraUSD, a so-called stablecoin that was once among the top 10 cryptocurrencies globally by market value, broke its 1:1 peg to the US dollar in May, plunging in value and sending paired token Luna plummetting with it. According to blockchain analytics firm Elliptic, investors in the two coins lost an estimated $42 billion.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
LUNA Dumps 20% as Korean Court Issues Arrest Warrant Against Do Kwon (Report)A Korean court has reportedly issued an arrest warrant against Do Kwon and five other Terra-related individuals.
Weiterlesen »
S. Korean Court Issues Arrest Warrant Against Terra Co-Founder Do Kwon: ReportA South Korean court has issued an arrest warrant against Terra co-founder Do Kwon, according to a report. By parikshitm899
Weiterlesen »
South Korea Court Reportedly Issues Arrest Warrant for Terraform Founder Do KwonA South Korean court on Wednesday issued an arrest warrant for Terraform founder Do Kwon, Reuters reported, citing a spokesperson for prosecutors.
Weiterlesen »
South Korean court issues warrant for Do Kwon’s arrest, Chosun Ilbo reportsA South Korean court issued an arrest warrant for Do Kwon, CEO of Terraform Labs, and two other employees.
Weiterlesen »
South Korean Prosecutors Launch New Investigation Into Terraform Labs: ReportThe new investigation seeks to determine whether Terra's native tokens are securities.
Weiterlesen »