There is already a search and arrest warrant against Do Kwon, the founder of the Luna cryptocurrency. What has happened?
The cryptocurrency market is on fire. Although they are pure speculation, there are already several patterns of trading those who speculate that another bearish wave is coming. Will we see Bitcoin at $12,000 in the coming weeks? There may not be rally of Christmas on the stock market, so it seems that the trend is still not very optimistic. In this context, what happened with Luna and UST barely a few months ago still resonates very strongly. It should be noted that they came to be in the TOP 10 of the cryptoactive market.
Almost suddenly, they lost 99% of their stock value. After jumping stops everywhere, it went from a 3-figure value to below the dollar. Among the different reasons that produced this fall is, without a doubt, the poor management of the founder. Since then, Do Kwon is under the spotlight of the South Korean Authorities. After all this time in which information has been collected, his appearance before the Authorities was requested and, without a doubt, the worst omens have come true.
The creator of Terra y Luna has disappeared, so the necessary information about his identity has already been given to Interpol, the body in charge of conducting investigations at the international level. At what point are we at this moment? It is important to be aware that, in just a few hours, lost a capitalization of 60,000 million dollars. Did the CEO of Terraform Labs have anything to do with it?
A search and arrest warrant is issued against Do Kwon
According to information from the Bloomberg media outlet, Do Kwon is currently missing after receiving a notification that he had to appear in public dependencies to attend to the ongoing investigation. The last message from the creator of Luna on Twitter dates from the date of September 17. Since then, he has been lost track and whereabouts. The protagonist was a staunch user of the blue bird platform, a space that he dedicated to ridicule those who argued that his ecosystem was, without a doubt, a powder keg.
Do Kwon, according to some sources, would be in Singapore. However, the country has not registered its passage through the country. After several investigations and calls to declare people from the corporate core of Do Kwon, the young businessman has supposedly disappeared voluntarily. The objective would be none other than to avoid a possible trial related to money laundering. It is, therefore, a key moment in the development of the investigations.
Still, not everyone agrees with the order issued by Interpol. Part of the cryptocurrency industry affirms that this type of event can cause and encourage fewer people interested in dedicating their efforts within the framework of the blockchain knowing what can happen at a given time. This is a decision that is expected is sufficiently founded as regards an illicit attitude.
Will Do Kwon end up surrendering or will the tycoon not be heard from again, at least for a few years? The truth is that, taking into account the capitation of this cryptocurrency, there could be a backing of millions and millions of dollars behind it. The escape could be directly related to this fact.