South Korean Court Issues Arrest Warrant For Do Kwon

South Korean Court Issues Arrest Warrant For Do Kwon

Share Post:

A court in South Korea has issued an arrest warrant against Do Kwon and five others according to a recent report by Bloomberg.

Become a member of a thriving crypto community through the information and education from experts, our Paradise Team is a group of experts with more than 6 years of experience in trading cryptocurrency.

We trade BTC, ETH and other trending altcoins in our ParadiseFamilyVIP on Binance, OKX,  Kucoin, Bybit and Bitmex exchanges.

Use PRO20% for your special 20% discount before the promo expires. Click here to see reviews from happy clients.

Do Kwon, Five Others Accused of Violating Capital Markets Rules

As per the report, the Terra Co-founder, Do Kwon, along with five others have been accused of violating the capital markets rules, an event that led to the escalation of the probe of the Terra ecosystem crash.

Following the news, LUNA, the Terra ecosystem native token plunged by more than 40%.

In May, TerraUSD and its entire ecosystem collapsed leading to investors losing billions of dollars in the event, since the crash of the Terra stablecoin (UST), investors have begun losing faith in the stablecoins available in the crypto markets, and since the event of TerraUSD crash, many stablecoins like HUSD and AUSD have depegged.

Crypto exchanges like Binance and Coinbase delisted the token and halted many trading pairs associated with the token.

In response to the event, Do Kwon said in an interview last month that prosecutors of South Korea have not been in contact with him and he is yet to be charged for anything.

“It’s kind of hard to make that decision, because we’ve never been in touch with the investigators. They’ve never charged us with anything.” said Kwon in the interview.

As part of the investigation into the Terra collapse, the home of  Daniel Shin, a Terra Labs co-founder, was raided by South Korean prosecutors.

Do Kwon has also been informed by South Korean authorities to notify them whenever he returns to the country. 

Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and FREE market updates.

Notify of

Inline Feedbacks
View all comments

Recent Articles

Follow Us

Start earning Profit

We aim to provide our ParadiseMembers with as much information as we can to ensure to maximize long-term profit, no matter if we are in a bullish or bearish market. We are a large scale cryptocurrency community providing you with access to some of the most exclusive life changing cryptocurrency signals, analysis, guidance and much more Trade crypto like a pro