Do Kwon Flees Singapore, Denies Being on the Run as Terra (LUNA) Sinks

DailyCoin

Published Sep 19, 2022 01:30PM ET

Updated Sep 19, 2022 02:30PM ET

Do Kwon Flees Singapore, Denies Being on the Run as Terra (LUNA) Sinks

Do Kwon, the infamous founder of Terra (LUNA), is wanted by South Korean authorities, but that’s not the end of his problems. Apparently, the prosecutors have had enough of playing cat and mouse and have filed an official request to issue an Interpol Red Notice.

“Prosecutors on Monday have made a request to Interpol for their assistance to locate Kwon, whose whereabouts remain unknown, and to have him handed over to Korea,” explained the Prosecutor’s Office Spokesperson. Ultimately, this means Do Kwon would be in danger of arrest anywhere in the world.

On the Flipside

  • Some crypto enthusiasts on Twitter claim that Luna Terra Classic (LUNC) is community-owned.
  • Many crypto influencers deny claims that Do Kwon is no longer on the project.
  • South Korean authorities issued probes on multiple other Terra insiders.

Why You Should Care

The downfall of Terra (LUNA) & Terra (UST) in May turned into a crypto grim reaper, counting over $60 billion swallowed up.

Find out more about the infamous Do Kwon & Terra (LUNA) in these pieces:

Do Kwon’s First Interview Since Terra (LUNA) Downfall Called Out As Biased

Terra Luna Classic (LUNC) Tops Shiba Inu (SHIB), South Korea Issues Arrest Warrant for Do Kwon

Continue reading on DailyCoin

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes