Terra Founder Do Kwon Arrested ❌ – Katoch Tubes
Do Kwon couldn't escape prison
Do Kwon couldn't escape prison
Who is Do Kwon?
Who is Do Kwon?
Do Kwon was the founder of now collapsed Terra blockchain that issued UST stablecoin & LUNA token
What's the news?
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
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
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
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?
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
Next in Line
There's another most waited arrest of Three Arrow Capital founders. Duo are hiding from authority.
Learn more
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