Az Interpol piros értesítést adott ki a Terra's Do Kwon számára

Vágó: Nathaniel Cajuday

South Korean Do Kwon, the chief executive officer and founder of Terra, has been placed under a red notice by the Interpol, where law enforcement agencies worldwide were tasked to find and arrest him. Prior to that, an arrest warrant was issued against him in South Korea for violating the country’s capital markets laws.

Following this, his passport was canceled by the Seoul Southern District Prosecutors’ Office. The prosecutors stated that he had “no intention to appear before us for questioning.”

These all boiled down to the collapse of Terra’s algorithmic stablecoin USDT, the largest stablecoin by market cap, and its crypto LUNA last May, where the crash resulted in $60 billion worth of losses. (Read more: Hírlevél: Mi történt az USDT-vel, az UST-val és a LUNA-val | 12. május 2022)

In a statement last June, Do Kwon dismissed the allegations that he cashed out $80 million every month consistently for nearly three years before the collapse. (Read more: Do Kwon tagadja, hogy a The Crash előtt 2.7 milliárd dollár értékű LUNA-t váltott volna ki)

To try and get up from the losses, they tried to revitalize the Terra Blockchain by resetting the network ownership to 1B token. However, after reactivating Luna 2.0, its value immediately fell to $5.98, or down more than 70% after the blockchain Terra relaunched. (Read more: A Luna V2 árszivattyúk, majd az újraindítás után azonnal 5 dollárra csökkennek)

The issue revolving around the crypto firm has recently triggered the US Congress to draft a bill to ban algorithmic stablecoins. The bill would make it temporarily illegal to issue or create new coins for 2 years. (Read more: Az US Solons Eye tiltja az algoritmikus stabil érméket 2 évre)

Currently, Do Kwon’s whereabouts are still unknown after the police in Singapore–where he reportedly went after the crash–said that he was not in the country. He is also not disclosing his location. In response to a question on Twitter, Kwon stated that “I’m writing code in my living room.” 

Last June, Terraform Labs employees—former and current—were sanctioned by the Seoul Southern District Prosecutor’s Office with a travel ban to eliminate the possibility of key officials fleeing abroad. (Read more: Megtiltották a Terra alkalmazottainak, hogy elhagyják Dél-Koreát)

Ez a cikk a BitPinas webhelyen jelent meg: Az Interpol piros értesítést adott ki a Terra's Do Kwon számára

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