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Founder of Terra (LUNA), which has shaken cryptocurrency markets in recent months Do Kwon An important development has taken place. In South Korea, the court ruled on six
Founder of Terra (LUNA), which has shaken cryptocurrency markets in recent months Do Kwon An important development has taken place. In South Korea, the court ruled on six people, including Do Kwon. issued an arrest warrant. The statement from the prosecutor’s office stated that all persons against whom an arrest warrant had been issued were in Singapore.
directly or indirectly an undetectable number of cryptocurrency investors. damaging Do Kwon did not comment on the matter. However, South Korean officials said the reason for the arrest warrant was in the country. capital market law They say it’s a violation. It is a matter of curiosity what Do Kwon, who has made notable debuts from time to time, will do in light of this decision…
In the chart above you can see the price chart of LUNA. South Korea’s arrest warrant decision is based on the price of this cryptocurrency. about 30 percent reflected as a depreciation. LUNA, which was above $4.30 before the event, following the news from South Korea 3 dollars dropped to levels.
The original cryptocurrency, called Terra Classic (LUNC), which changed its name due to the events that happened a few months ago, also played a part in the decision. LUNC, which traded at $0.00033 before the decision was served, is currently 0.0003 trading levels. Just a few months ago this cryptocurrency over $110 indicate that it has been processed. Imagine the investor’s condition…
Terra (LUNA) was one of the emerging cryptocurrencies in 2022. The team, which did important work for the ecosystem, also had a stable coin, the price of which was always indexed to 1 dollar. TOP This stablecoin, called the coin, had an algorithmic structure and traded LUNA to stay at the $1 level. But in May 2022, this situation suddenly changed. Unable to stay at the level it should be, UST has sold billions of dollars to LUNA. The LUNA, which is at the $100 level, suddenly fell due to these sales. up to $0.0001 turned down. Do Kwon, who made statements on the subject, appeared to be joking.I bet I lost!He said. The latest news from South Korea is that Do Kwon Just started it turns out…
You can reach the content here where we explained the Terra (LUNA) event in all details.
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Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
