Arrest Warrant Issued for Do Kwon, Creator of Terra
The failed stablecoin Terra set off a domino effect and crashed the crypto market back in May, and Do Kwon (the creator of Terra) is now in serious trouble. A South Korean court issued an arrest warrant for Do Kwon and five other individuals on Wednesday. If you recall, Do Kwon's partner, Terraform Labs co-founder Daniel Shin, was raided by prosecutors back in July, but this latest warrant complicates the story. Do Kwon, and all others named in the warrant, are currently residing in Singapore. Although there isn't a bilateral extradition treaty between South Korea and Singapore, international authorities are attempting to nab Do Kwon.