The collapse of the cryptocurrency Luna and the algorithmic stablecoin terraUSD in May made Luna founder Do Kwon the most hated person in South Korea. South Korean prosecutors have launched an investigation into Do Kwon’s Terraform Labs following complaints from investors that lost a lot of money. On Wednesday, the Southern Seoul District Attorney’s Office announced that it had obtained arrest warrants from a local court for Kwon and six others, including founding member Nicholas Platias of Terraform Labs. Kwon himself has been in Singapore recently.
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