Do Kwon, Where Are You? Interpol Issues Arrest Warrant For Disgraced Terra Co-Founder

Now it happens, unsurprisingly: the Interpol is involved and wants a piece of Do Kwon, the disgraced co-founder of the Terra ecosystem which disintegrated drastically in May, multiple news outlets reported Monday. Last week, the Singapore Police Force issued an arrest warrant for Kwon who, it said that time, was no longer in the country.

Timeline of Terra-luna-v2

Do Kwon, founder of the collapsed crypto Terra (CRYPTO: LUNA) and terraUSD, has been issued an international arrest warrant over the collapse of his blockchain platform Terraform Labs and multiple criminal charges slapped by South Korea. What Happened: The International Criminal Police Organization has issued a 'Red Notice' For Kwon, who faces charges in South Korea over the $60 billion wipeout of cryptocurrencies he created, according to a Bloomberg report, which cited South Korean officials.

Authorities in South Korea claim Interpol has issued a red notice for the arrest of Terraform Labs CEO Do Kwon. The post South Korea says Interpol has issued a red notice for Do Kwon, Bloomberg says appeared first on The Block.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Terra's recovery efforts by the team and its community over the last month rekindled positive investor sentiment, especially during the start of this month.

Since the fateful Terra Luna debacle, there has been a lot of activity around the original Terra project which was renamed Terra Luna Classic after the Terra hard fork that resulted in the creation of Terra 2.0, which retained the original Terra LUNA (LUNA/USD) token.

Terra Luna Classic (LUNC) has continued to go lower in price over the last few days. Now trading at just $0.000278 anxious holders are anticipating another move to the downside as the bulls lose momentum. 

The crypto markets appear to have been swinging off-let as the bulls & bears try to establish their dominance. Considering the Terra(LUNA) price action, the upcoming trend appears to be largely vague. As the asset has been testing multiple patterns but failing to accomplish them.  At its current price of $2.

A piece of proposed legislation in the House of Representatives would put a two-year moratorium on creating algorithmic stablecoins. According to Bloomberg's latest version of the legislation, it would be illegal to create or issue new “endogenously collateralized stablecoins.

A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is currently being drafted in the U.S. House.

We take a look at 2023 investment picks Terra Luna and UniLend in addition to The Hideaways (HDWY) - a project that's already sold 50% of its presale.What's the best crypto investment for 2023? Read on to find out.

Terra Classic (LUNC) has regained its footing after decreasing sharply for nearly two weeks. On the other hand, Terra (LUNA) shows no signs of a bullish reversal and is trading inside a bearish pattern.