Terra Founder Do Kwon Arrested ❌ – Katoch Tubes

Do Kwon couldn't escape prison

Who is Do Kwon?

Do Kwon was the founder of now collapsed Terra blockchain that issued UST stablecoin & LUNA token

What's the news?

This week on Wednesday, South Korean court issued arrest warrant for Do Kwon for speculative crash of UST

The Money Lost

Almost $40 billion worth of investor's money were lost in the crash. The combined loss of the company stands at $60 billion.

The De-pegging

On may 9th 2022, UST lost US Dollar peg and never recovered. The value of LUNA crashed to zero that wiped out investor's wealth

Return of LUNA

Do Kwon played a trick by launching two chains LUNC  or old LUNA & LUNA on new Terra blockchain

Learn more

Is LUNC a Scam coin?

Yes, LUNC doesn't hold any value. After the loss of trust, investors are shying away from LUNC. Avoid investing in Terra assets.

Next in Line

There's another most waited arrest of Three Arrow Capital founders. Duo are hiding from authority.

Learn more

We're on You Tube

Find the best Crypto content only on   Katoch Tubes