The jappnesse family sex videoscreator of the failed stablecoin that kicked off crypto winter is now a wanted man.
On Wednesday, a South Korean court issued an arrest warrant for Do Kwon, the co-founder of cryptocurrency company Terraform Labs, for allegedly violatingcapital markets law. According to Bloomberg, the arrest warrant includes five other individuals.
In May, Do Kwon's algorithmic stablecoin Terra (UST) set off a domino effect that crashedthe cryptocurrency market. UST, which is supposed to always be valued at $1 USD, fell from that pegged amount. Terra, at the time, was one of the biggest stablecoins in crypto with an $18 billion market capitalization. Many crypto users place their funds in stablecoins like Terra, due to their supposedly stable one-to-one valuation alongside the US dollar, unlike other risky cryptocurrencies that greatly fluctuate in value.
Attempts to correct the Terra valuation and peg it back to $1 fell short and UST's value continued to tank until it became worth only pennies. Terra's "sister" cryptocurrency, LUNA, which was once valued at more than $100 just earlier this year, quickly fell in price too, becoming essentially worthless at less than a penny per token. It didn't take long for the reverberations to be felt across the crypto markets with most tokens taking a big hit in the following months. Crypto lending firms like Celsiusand crypto hedge funds like Three Arrows Capital would soon face liquidity problems and, in some cases, bankruptcy as a result of the Terra/Luna crash.
Do Kwon, in an attempt to course correct, soon re-launchedLuna, but that attempt failed too. The crypto founder, who would regularly tweet and talk to crypto press, has been fairly silent on the issue since.
According to Bloomberg, Do Kwon's partner, Terraform Labs co-founder Daniel Shin, was raided by prosecutors back in July as part of an investigation into the alleged violations. All six people named in the warrant, including Do Kwon, are currently located in Singapore. According to The Financial Times, authorities are seeking international cooperation in an effort to extradite Do Kwon, though the two countries do not have a bilateral extradition treaty.
Topics Cryptocurrency
Farming Simulator 25 возглавила чарт Steam, опередив Call of Duty и STALKER 2
Wendy's is trying out dynamic pricing. It's not as Uber as it sounds.
Best Dyson Supersonic dupes we've tested are all on sale for Cyber Monday 2024
Best free online courses from MIT
JANM, Heart Mountain Foundation to Host Film Screening, Panel Discussion
Best Cyber Monday gaming laptop deals: Gaming PC laptops from Razer, Asus, more on sale
Cyber Monday Samsung Galaxy phone deals: Save up to 31% on S24 Ultra, Z Fold 6, and more
OnePlus Watch 2 runs on two chips and operating systems for longer battery life
В ?Мире танков? пройдет ребаланс техники
Best free AI and ChatGPT courses
UCLA Nikkei Student Union’s Cultural Night
How to stay anonymous on LinkedIn
Best Cyber Monday Apple Watch deals 2024: Save $70 on Series 10
Best Cyber Monday drone deals in 2024
Black Ops 6 & Warzone Season 4 Reloaded update patch notes
Spring cleaning sale: Spend $60 and get a $15 Amazon credit
Shop deals on unlocked phones on Cyber Monday 2024
Best early Cyber Monday streaming deals 2024: Save up to 90% on Hulu, Peacock
New Exhibition Exploring Hapa Identity to Open at JANM
Best Dyson Supersonic dupes we've tested are all on sale for Cyber Monday 2024
Black Friday deal: RayNeo Air 2s AR Glasses now $319 at AmazonTikTok trend parodies famous songs with cringe Gen Z slangTaylor Swift fans have boosted shopping searches for 'football outfit' by 242 percentArkadium mini crossword answers for November 23People are accusing Instagram of shadowbanning content about PalestineAmazon store scam: How one man lost $56,000Best Fitbit Sense 2 deal: Get a Fitbit Sense 2 for 17% off on AmazonTikTok users put their partners to 'The Beckham Test' inspired by David and VictoriaSMU vs. Virginia football livestreams: kickoff time, streaming deals, and moreBest Dyson deal: $100 off the Gen5detect cordless vacuum that just released in June Best Black Friday Samsung Odyssey G8 OLED deal: Save over $500 The best Black Friday deals under $25: Lego, Echo devices, and more Best Black Friday streaming add U.S. spacecraft encounters problem during its ambitious moon landing Best Fitbit deal: Get a Fitbit Inspire 3 for $69.95 at Amazon Amazon workers went on their 'biggest ever global strike' on Black Friday Best Black Friday Hulu deal: $0.99 per month for 1 year 10 exercises you can do while playing video games Best Dyson deal: Get the Gen5detect Absolute cordless vacuum for $205 off Spotify Wrapped 2023: The internet's best reactions
0.1535s , 12145.9921875 kb
Copyright © 2025 Powered by 【jappnesse family sex videos】South Korea issues arrest warrant for Do Kwon, founder of failed stablecoin Terra,Feature Flash
