{"id":621482,"date":"2023-03-24T11:52:45","date_gmt":"2023-03-24T16:52:45","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/24\/luna-falls-sharply-on-do-kwons-arrest-allegations\/"},"modified":"2023-03-24T11:52:45","modified_gmt":"2023-03-24T16:52:45","slug":"luna-falls-sharply-on-do-kwons-arrest-allegations","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/24\/luna-falls-sharply-on-do-kwons-arrest-allegations\/","title":{"rendered":"LUNA falls sharply on Do Kwon\u2019s arrest allegations"},"content":{"rendered":"<div>\n<div>\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/03\/1679582153943-0906bc83-0e30-4446-bac2-d56ac25910e1.jpg\" alt width=\"100%\" height=\"100%\">\n<\/picture>                    <\/div>\n<ul>\n<li>Terra LUNA crashed last year following the collapse of its Terra UST stablecoin project.<\/li>\n<li>The crash was followed by a hard fork where the current Terra LUNA token was created.<\/li>\n<li>There is news that Terra LUNA\u2019s founder Do Kwon has been arrested.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/terra\/\">Terra (LUNA) price<\/a> has dropped by about 7% after news of the arrest of the founder of Terraform Labs, Do Kwon, surfaced. At press time, LUNA was trading at $1.31.<\/p>\n<p>There are reports that Do Kwon was arrested in Montenegro; something that has been confirmed by Montenegro\u2019s minister of interior Filip Adzic through a post on Twitter.<\/p>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">U PODGORICI UHAP\u0160EN JEDAN OD NAJTRA\u017dENIJIH SVJETSKIH BJEGUNACA<\/p>\n<p>Crnogrska policija li\u0161ila je slobode lice za koje se sumnja da je jedan od najtra\u017eenijih bjegunaca, ju\u017enokorejski dr\u017eavljanin Do Kwon, suosniva\u010d i izvr\u0161ni direktor Terraform Labs sa sjedi\u0161tem u Singapuru.<br \/>1\/2<\/p>\n<p>\u2014 Filip Adzic (@filip_adzic) <a href=\"https:\/\/twitter.com\/filip_adzic\/status\/1638886164118802432?ref_src=twsrc%5Etfw\">March 23, 2023<\/a><\/p>\n<\/blockquote>\n<p>A translation of the tweet reads:<\/p>\n<p><em>\u201cMontenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.\u201d<\/em><\/p>\n<p>According to Adzic, Do Kwon was arrested at the Podgorica airport with falsified documents. The minister however said that he was \u201cstill waiting for official confirmation of identity.\u201d<\/p>\n<h2>Several authorities were looking for Do Kown<\/h2>\n<p>Do Kwon was the target of a number of investigation bodies around the globe and was even on <a href=\"https:\/\/coinjournal.net\/news\/interpol-issues-red-notice-for-terraform-labs-co-founder-do-kwon\/\">Interpol\u2019s red notice <\/a>after the <a href=\"https:\/\/coinjournal.net\/news\/de-pegged-ust-sends-luna-tumbling-token-price-down-almost-95-in-the-last-24-hours\/\">implosion of the TerraUSD (UST) stablecoin<\/a> and the $40 billion Terra LUNA ecosystem last year.<\/p>\n<p>The implosion of the Terra LUNA collapse sent shockwaves across the crypto market causing a number of other crypto projects to come down.<\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/luna-falls-sharply-on-do-kwons-arrest-allegations\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Charles Thuo<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terra LUNA crashed last year following the collapse of its Terra UST stablecoin project. The crash was followed by a hard fork where the current Terra LUNA token was created. There is news that Terra LUNA\u2019s founder Do Kwon has been arrested. Terra (LUNA) price has dropped by about 7% after news of the arrest<\/p>\n","protected":false},"author":1,"featured_media":621483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2843,29780],"tags":[],"class_list":{"0":"post-621482","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-falls","8":"category-sharply"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/621482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=621482"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/621482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/621483"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=621482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=621482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=621482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}