South Korea issues arrest warrant for Luna founder Do Kwon

A court in South Korea has issued an arrest warrant for Do Kwon, the founder of Terraform Labs, escalating its probe into the crypto ecosystem whose two tokens lost $40 billion in value in a span of days earlier this year.
LUNA, the new token of the revived ecosystem, dropped 18% on the news, which was first reported by local media Yonhap.
Terraform Labs’ so-called stablecoin UST and cryptocurrency LUNA, dramatically imploded in May after investors lost faith in the efficacy of its fundamentals. Major crypto exchanges including Binance and Coinbase delisted the token and discontinued sev

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