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The unheard rise of Terra Classic [LUNC] over the past few weeks was closely watched by the whole crypto world. For instance, another intriguing piece of information emerged following the recent arrest warrant for Terra's co-founder Do Kwon. According to reports, Terra is a blockchain that is controlled by the community.
Terra Luna Classic (LUNC) is ravenously batting through a bullish-reversal pattern known as a falling wedge. Over the last 24 hours the bulls are gathering momentum once again and buyers are starting to move in to slow down the fall.
South Korean authorities have issued a warrant of arrest for Do Kwon, co-founder of Terraform Labs, which saw the collapse of its $40 billion crypto ecosystem earlier this year. News of the arrest negatively impacted the price of the new Luna token and sent it plunging by almost 50 percent.
The entire crypto community was carefully watching the event of Terra Classic [LUNC]'s unprecedented surge over the last few weeks. Several developments happened in the Terra ecosystem that have the potential to change its fate for good.
A court in South Korea has issued an arrest warrant against Do Kwon, the co-founder and CEO of now-defunct stablecoin issuer Terraform Labs. The court also issued a warrant against five other members of the company, a local media outlet reported on Wednesday.
Five of the six Terra employees facing arrest will have their passports invalidated at the request of prosecutors.
According to local reports stemming from South Korea, the country's foreign ministry is looking to invalidate the co-founder of Terraform Labs Do Kwon's passport. The story was published the day after it was reported that Seoul's Southern District Prosecutors Office issued a warrant for Kwon's arrest.
A South Korean court has issued an arrest warrant against Do Kwon, the co-founder of the now defunct stablecoin issuer Terraform Labs, according to the financial crimes unit of the Supreme Prosecutors' Office. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details and potential outcomes.
Singapore, where Terra co-founder Do Kwon is currently staying, does not have an extradition treaty with South Korea.
From a 30-day low of $1.53, Luna hit over $6 this month. Although it is ranked 97 by market capitalization, there are vital signs indicating an upward trajectory for the asset.
South Korea's Ministry of Foreign Affairs has initiated measures to impose administrative sanctions on Terraform Labs' CEO, Do Kwon's, passport and hand over the
A court in South Korea is issuing an arrest warrant for Terraform Labs founder Do Kwon following the collapse of the cryptocurrency Terra (LUNA) and algorithmic stablecoin TerraUSD (UST).
The Terra Luna price has continued to struggle in the markets following the issuance of an arrest warrant by South Korea for its founder.
The South Korean Ministry of Finance has declared that it is seeking to revoke the passports of Do Kwon, a co-founder of Terra blockchain, and five other individuals associated with the beleaguered project, according to a report. Korean news outlet Munhwa Ilbo stated Dan Sung-Han, the director of the Seoul Southern District Prosecutor's Office for Financial and Securities Crimes, requested the finance ministry cancel the suspects' passports to speed up its hunt against the accused.
Following an ongoing investigation into the spectacular implosion of the Terra ecosystem, South Korea's Ministry of Foreign Affairs wants to void the passport of Do Kwon, the co-founder of the now-defunct Terraform Labs.
After Terraform Lab's Terra (LUNA) collapsed along with its stablecoin USTD de-pegging against the US dollar in May, the founder Do Kwon has been facing investigations for the cause of the collapse. The South Korean investigative officers are trying their best to know the reason for the Terra network collapse.
The prosecutors looking into the Terra Luna crash had taken steps to revoke the passports of five people, including Terra co-founder Do Kwon. The post Jail Kwon Token Pumps As South Korean Authorities Move to Void Terra Founder's Passport appeared first on BeInCrypto.
According to the Financial Times, Singapore is not on South Korea's list of bilateral extradition treaties — and prosecutors want to pressure Kwon to return.
Do Kwon, the founder of Terra LUNA Labs might have to return to back to Seoul after the South Korean government's significant declaration. However, Terra Head has been held responsible for triggering the collapse of the global crypto market.
In an effort to expedite the deportation of Terra's co-founder, South Korean officials look to void Do Kwon's passport.
South Korean prosecutors have asked the country's foreign ministry to invalidate Terraform Labs founder Do Kwon's passport, according to local media. The post South Korean authorities seek to invalidate Do Kwon's passport: Munhwa appeared first on The Block.
There's one crypto that's been performing extremely well recently, and that's GLO. GLO's recent performance could indicate an end of the current bear run.
One of the best traders on crypto Twitter GCR (@GiganticRebirth) is no longer short Terra LUNA, exiting his position at a LUNA price of $2.5.
The sentiment for Terra Luna Classic (LUNC) crypto remains bearish this week as the price nosedives down to $0.000255.
