Do Kwon flees Singapore and denies being a fugitive while Terra (LUNA) drowns by DailyCoin


© Reuters Do Kwon Flees Singapore, denies being a fugitive as Terra (LUNA) sinks

Do Kwon, the infamous founder of LUNA, is wanted by the South Korean authorities, but that’s not the end of his troubles. Apparently, the prosecutors got tired of playing the cat-and-mouse game and submitted an official request for an Interpol Red Notice.

“The prosecutors submitted a request on Monday to Interpol to help them locate Kwon, whose whereabouts remain unknown, and extradite him to Korea,” a spokesperson for the Prosecutor’s Office explained. Ultimately, this means that Do Kwon would be in danger of being arrested anywhere in the world.

Do Kwon appears out of nowhere on Twitter (NYSE:)

The infamous leader of Terra (LUNA) rocked the crypto world in May. The algorithmic stablecoin Terra (UST) has collapsed, leaving investors without a piece of the supposed decentralized pie. Then, Do Kwon formed the network and renamed the old LUNA as Terra Luna Classic (LUNC).

For a moment, the renamed version made waves on Twitter, leaving crypto enthusiasts and influencers at a loss. For example, social influencer David Gokhshtein called the situation a “game of musical chairs” and noted that only “gamblers” could participate in trading the Luna Terra Classic (LUNC).

This situation occurred just as Do Kwon released his first interview since the failure of Tera (LUNA). On Saturday, after another month of silence, Do Kwon posted a thread on Twitter, claiming he was “not a fugitive – or anything similar”. Additionally, Terra (LUNA) appears to have upheld “extremely high standards of integrity”.

However, the South Korean authorities are not convinced at all, and Do Kwon was accused of fleeing Singapore immediately after the arrest warrant.

Oops!… Kwon did it again

May’s $60 billion crypto massacre was torn to pieces by popular and highly successful crypto funds such as Three Arrows Capital (3AC), Voyager Digital, Celsius, and others. Currently, the new Terra (LUNA) version is trading at $2.92, down 48.7% in the past seven days. On the other hand, Terra Luna Classic (LUNC) is trading at $0.00032044, down 23.7% in the last week.

on the flip side

  • Some crypto enthusiasts on Twitter claim that Luna Terra Classic (LUNC) is community owned.
  • Several crypto-influencers deny claims that Do Kwon is no longer working on the project.
  • South Korean authorities have released investigations into several other Tira insiders.

Why should you care

The fall of Terra (LUNA) and Terra (UST) in May turned out to be a grim crypto reaper, swallowing more than $60 billion.

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

Do Kwon’s first interview since the fall of Terra (LUNA) was described as biased

Terra Luna Classic (LUNC) Tops (SHIB), South Korea issues arrest warrant against Do Kwon

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