A South Korean court has issued an arrest warrant for Do Kwon, the main developer of cryptocurrencies Luna and TerraUSD, whose collapse in May shook digital assets around the world.
Kwon, also founder of blockchain platform Terraform Labs, was accused by investors of fraud following the collapse.
“An arrest warrant has been issued for a total of six people, including Do Kwon, who are currently residing in Singapore,” a prosecutor’s spokesman said on Wednesday, without giving a reason.
Kwon did not immediately respond to a Reuters email seeking comment. The Singapore Police Force also did not immediately respond to a request for comment.
The arrest order comes after months of investigation and amid public outrage in South Korea over the asset collapse. Globally, investors in the two cryptocurrencies lost about $42 billion, according to blockchain analytics firm Elliptic.
In an August video interview with cryptocurrency media platform Coinage, Kwon said he moved to Singapore due to concerns for his family’s safety and denied suggestions that the relocation was due to asset collapse or an attempt to flee. of the researchers.
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