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Interpol Requests Global Arrest of Terra’s Do Kwon
Interpol Requests Global Arrest of Terra’s Do Kwon

Interpol seeks worldwide arrest to Terra’s co-founder Do Kwon. Seoul Prosecutors said Kwon was “obviously on the run.” Reportedly, Kwon was charged with the collapse of Terra’s ecosystem. The International Criminal Police Organization (Interpol) sent out a “Red Notice” request to law enforcement all over the world in order to “locate and arrest” Terraform Labs founder Do Kwon. According to an article published by Bloomberg, South Korean prosecutors in Seoul sent them a text message, confirming the international police organization’s issuance of a Red Notice for Kwon. Thus, acknowledging the charges Kwon faces in the country corresponding to Terra’s downfall.

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Terra’s-CEO-Do-Kwon-Now-Accepts-Interview-Since-Terra-Luna’s-Collapse
Terra’s CEO Do Kwon Now Accepts Interview Since Terra Luna’s Collapse

Do Kwon accepted to be interviewed in Singapore by crypto media Coinage. This is the first time Kwon accepted an interview since Terra’s crash. “I alone am responsible,” Kwon pointed out in the interview. Terraform Labs CEO and founder Do Kwon was seen in an interview three months after Luna and UST’s unforgettable crash, where many people lost their life savings and trust in crypto’s stablecoins.  In an interview with Zack Guzman on the NFTV series Coinage broadcasted on Monday, Kwon said “I’ve never thought about what could happen to me if this fails.” Terra’s CEO refers to Luna’s price

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3AC Co-Founders: UST, Luna, and GBTC Trades Caused Fund Disputes
3AC Co-Founders: UST, Luna, and GBTC Trades Caused Fund Disputes

Founders of 3AC confirmed that Terra and GBTC trades destroyed the firm’s crypto fund. Co-founder Su Zhu admitted that 3AC failed to realize that Luna could fall to zero. The firm continued to borrow until their debt piled up to $3.5B, as per court filing. Three Arrow Capital (3AC) co-founders, Kyle Davies and Su Zhu, told Bloomberg that trades containing Grayscale Bitcoin Trust (GBTC), Terra’s luna (LUNA) and terraUSD (UST) tokens has caused to the disputes of the troubled crypto fund of the company. The SIngapore-based crypto hedge fund founders confirmed that the company lost almost $200 million due to

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Police Report Filed Against Do Kwon Amid LUNA Crisis
Police Report Filed Against Do Kwon Amid LUNA Crisis

A Reddit user disclosed that a police report has been filed on behalf of 1,000 Singaporeans against Terra’s Do Kwon. Kwon expressed being in pain that his invention has caused. Reactions from Reddit users stated that nothing is going to happen with the police report. A concerned citizen from Singapore filed a police report with the authorities against Terraform Labs CEO Do Kwon. According to a user from social media platform reddit, the police report against Kwon was filed on behalf of LUNA and UST investors who have lost money during the de-pegging and LUNA price inflation period. The anonymous

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Terra’s Do Kwon Announces UST Recovery Plan
Terra’s Do Kwon Announces UST Recovery Plan

Terra’s stablecoin UST and LUNA have dropped as low as $0.19 and $0.002, respectively. CEO of Terraform Labs Do Kwon said increasing the supply of LUNA in the market would help re-peg UST. Kwon also plans to adjust its collateralization mechanism. Terraform Labs’s founder and CEO Do Kwon revealed the company’s recovery plan for UST and LUNA amid this week’s crypto crash. He pointed out that the company didn’t mean to become so quiet and asked ‘lunatics’ to stay strong. In Kwon’s Twitter thread post addressed to the Terra Community, he said: “I understand the last 72 hours have been

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LUNA and UST Drama: Is Now the Right Time To Buy or Not?
LUNA and UST Drama: Is Now the Right Time To Buy or Not?

Luna and stablecoin UST dropped its price to more than -100% Terraform Labs founder Do Kwon released a recovery plan LUNA and UST maintain top 50 positions in CoinGecko Decentralized payment network Luna and stablecoin UST shocked the crypto community after dropping its price to more than -100%. The price drop was witnessed in all exchanges where these cryptos are listed. LUNA plunged its price to as low as $.69 per crypto while UST recorded a decline trading price of $.22. This price tally is based on the charts provided by the Binance exchange.  The price crash of LUNA and

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