Terraform Labs CEO Do Kwon arrested in Montenegro following the collapse of TerraUSD and Luna tokens. Discover the events leading to his arrest and the ongoing legal proceedings.
The US SEC has accused Terraform Labs and CEO Do Kwon of deceiving investors and committing a multi-billion-dollar fraud.
Anonymous also pointed out and criticized Kwon for his “arrogant tactics” in addressing his competitors and critics and “acting like he would never fail.”
The investigation was carried out after the collapse of UST and LUNA last May, and affected 200,000 Koreans.
Not all stablecoins are the same. It’s time to learn what makes algorithmic stablecoins unique and concerns about their “stability”.
What’s next for LUNA and UST? Holders await founder Do Kwon’s new plans to save the Luna blockchain.
As the bear market arrives, many of the wealthiest people in crypto see their fortunes dissolved in a matter of days.
