- Terraform Labs founder Do Kwon reportedly took out 9.64 Bitcoins ($120,000) from the Luna Foundation Guard (LFG) after entering Serbia.
- When TerraUSD and Luna fell to zero in May, the cryptocurrency industry was rocked, with billions of dollars in virtual assets disappearing overnight.
- A South Korean court issued an arrest warrant for Kwon in September after charges of fraud by Terraform Labs’ investors.
- Kwon persists in denying and evading justice on social media. Kwon said in October that he thought the allegations against him were politically motivated.
Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.
