Terra Luna Crash: Company Calls South Korean Prosecutors' Approach to the Case "Unfair"

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Terraform Labs has recently been quoted as saying that South Korean prosecutors are acting “unfairly” after the collapse of the stablecoin terraUSD (UST) and the digital asset luna.

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The company told a media house Wednesday that the case has become “highly politicized.”

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It added that the actions of the Korean prosecutors demonstrate unfairness and a failure to uphold fundamental rights guaranteed under Korean law.

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The Seoul-based company is the developer of the Terra blockchain protocol.

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As per media reports, a South Korean court recently issued an arrest warrant for Do Kwon and his two associates in connection with the collapse of UST and its associated token Luna in May

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The fall of the Luna token and stablecoin TerraUSD (UST) wiped off US$40 billion from investors' pockets.

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Do Kwon, who has an international arrest warrant out against him, tweeted he is "making zero effort to hide."

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