Buy $GGsInterpol To Extradite Terra (LUNA) Founder Do Kwon
A South Korean court has issued arrest warrants against TerraForm Labs founder Do Kwon and five others for violating the Capital Market Act. The prosecutors will work with Interpol to issue a Red Notice and extradite Do Kwon from Singapore. The move comes after the latest investigation by the prosecutors’ office to determine if Terra tokens are securities.
South Korean Prosecutors Seek Interpol Help to Extradite Do Kwon
The Seoul Southern District Prosecutors Office’s Financial and Securities Crime Joint Investigation Team on September 14 obtained arrest warrants against Terra founder Do Kwon and five others from a court. The prosecutors investigating the collapse of Terra tokens LUNA (now LUNC) and UST (now USTC) had also collected evidence for fraud and market manipulation.
Moreover, the prosecutors started a new investigation into Terra and Do Kwon to determine if the accused also violated the Capital Market Act. On Monday, Prosecutors met with experts from crypto exchanges and financial regulators including Financial Supervisory Service to determine if Terra tokens are securities.
According to South Korean media, the prosecutors’ investigative team has charged the defendants with violating the Capital Market Act. The prosecutors will work with Interpol to request a Red Notice against Do Kwon to extradite him from Singapore. In addition, the prosecutors will look for passport invalidation.
The arrest warrants a valid for a year. Therefore, the prosecutors’ investigation team is more likely to use all measures to arrest Do Kwon and take legal action.
LUNA and LUNC Prices Fall After Do Kwon Arrest Warrant
Terra (LUNA) tumbled over 40% after the prosecutors issued arrest warrants against Terra founder Do Kwon. The LUNA price is currently trading at $2.89. It has a 24-hour low and high of $2.29 and $4.63, respectively.
Terra Classic (LUNC) also dived 20% after the LUNA price tumbled 40%. In the last 24 hours, LUNC has made a low and high of $0.00027 and $0.00038. However, the price has increased slightly after the Terra Classic community reiterates support for LUNC.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Peter Brandt Flips Bullish, Predicts Bitcoin Rally As Price Holds Above $70k
- XRP News: Institutional Use Case Expands as Doppler Finance Integrates WXRP for Multi-Chain Access
- Trump Tariffs: Bitcoin Faces Fresh Headwinds as 15% Global Tariffs Begin This Week Amid Iran War
- Bitget Unveils ‘Crypto Anti-Bias Pledge’ To Support Women’s Inclusion In Crypto
- U.S.-Iran War: Crypto Market Rebounds as Iran Reportedly Reaches Out To U.S. To End Conflict
- Dogecoin Price Outlook as BTC Recovers Above $73,000
- XRP Price Prediction as Iran-U.S. Peace Talks Trigger a Crypto Rally
- COIN Stock Analysis as Bitcoin Retests $72k Ahead of February NFP Data
- Robinhood Stock Price Prediction As Cathie Wood Buys $12M Dip in Bold ARK Move
- Bitcoin Price At Risk? Professor Who Predicted US-Iran War Says America Could Lose
- Gold Price Prediction March 2026: Rally, Crash, or Record Highs?
