Arrest nantissement issued for ‘crazy’ crypto noble behind this year’s $40 billion écrasement

Do Kwon is one of the most up and coming crypto advocates. As the co-founder and CEO of Terraform Labs, he would have had better times to deal with critics and blow the future of cryptocurrencies sky high: he was also a man of persuasiveness, convincing many that the Terra ecosystem was in exercice.

This past may be embout to catch up with him. An arrest nantissement has been issued in South Korea for Do Kwon and five other individuals linked to Terraform Laboratories, it has reported. Bloomberg (Opens in a new tab), claiming that they violated the law on fonds markets. South Korea’s attorney general’s kitchenette said all six individuals are in Singapore. Why Singapore? One reason may be that it does not have an extradition treaty with South Korea, which means there is a délié and potentially difficult legal process going forward if South Korean authorities press for his extradition.

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