What's Next for LUNA and LUNC Prices with Do Kwon on the Run?

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.

Timeline of Terra-luna-v2, Terra-luna

The controversy surrounding Do Kwon's whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs' founder.

South Korean prosecutors investigating Terra (LUNA) founder Do Kwon have reportedly asked Interpol to place a red notice on the crypto entrepreneur as his whereabouts remain unknown.

Less than a week after South Korean authorities issued an arrest warrant for the founder of TerraForm Labs, the company behind TerraUSD, the prosecutor's office is now seeking an Interpol red notice against Do Kwon.

South Korea has asked Interpol to issue a red alert notice for Terra's founder Do Kwon, Financial Times reported on Sept 19. The post South Korea upgrades wanted status of Terra founder Do Kwon, asks for red notice appeared first on CryptoSlate.

The last week has been one filled with activity for the founders of the now-defunct Terra network. From arrest warrants to accusations of evasion, Do Kwon and others have been in the thick of it recently.

Terra (LUNA) founder Do Kwon has denied that he is evading authorities despite statements from South Korean prosecutors claiming the contrary. Bloomberg recently reported that warrants were issued to Kwon and five others who were charged with violations of South Korea's capital markets law.

On September 14, Terra founder Do Kwon and five other individuals received an arrest warrant from the country's judiciary for violating capital markets law. This arrest warrant comes after the fall of the Terra network in May which pulled down the entire crypto market.

South Korean prosecutors have asked Interpol, an International Criminal Police Organization, to issue a red notice against Terra creator Do Kwon, whose whereabouts remain unknown, the Financial Times reported on Monday. A red notice requests law enforcement in 195 countries to locate and provisionally arrest a person for having them extradited to face a criminal charge(s).

The collapse of Terra (LUNA/USD) and its TerraUSD stablecoin project continues to feature in the latest crypto news nearly four months since the event (a $45 billion project just flushed down the drain) impacted millions of investors. To say the least, Terra heightened regulatory attention on the crypto industry amid further contagion the following months.

South Korean prosecutors contradicted claims from Terra co-founder Do Kwon that he isn't on the run and asked Interpol to issue a 'Red Notice' against him. The post Terra Co-Founder Do Kwon Could Receive ‘Red Notice' After Reports Claimed he Fled Singapore appeared first on BeInCrypto.