Do ‘Con’ Kwon Arrest Warrant Issued

Well, it finally happened. After several months of waiting to see what, if anything, would happen to Do Kwon after Terra’s Luna ($LUNAC.X) and TerraUSD ($UST.X) collapsed, the crypto community got an update today. 

The Seoul Southern District Prosecutors Office (South Korea) issued an arrest warrant for Do Kwon and several others on Terraforms team. Complaints continue to be filed against Kwon and Terraform. Kwon is accused of operating a Ponzi scheme, fraud, and tax evasion. 

Some Relief For Retail Traders/Investors Impacted By Terra’s Collapse?

In the second video interview with Coinage, Do Kwon talked a little about the Luna Foundation Guard’s (LFG) current holdings in Bitcoin and Avalance (around $200 million). Their intent (LFG) is to provide some recompense to those affected by UST’s collapse – specifically smaller account holders. Kwon explained that LFG is working with centralized exchanges to index the number of users and their holdings. 

If you haven’t watched the second part of Coinage’s interview with Do Kwon, you can watch it here. 

 

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