Interpol announced the arrest of Do Kwon, the founder of two cryptocurrencies, TerraUSD and Luna. The 31-year-old and a second suspect were stopped at a Montenegro airport attempting to board a plane for Dubai. Police said they had found forged Costa Rican and Belgian passports in their luggage. TerraUSD and Luna cryptocurrencies both crashed in May 2022. Their demise caused a market drop of about $40 Billion in a matter of days.
Blockchain
34 Comments
I would never bother with crypto after tons of this is going on. Just awful
Fortune favors the bold
they wasn't the sole problem for 40 billion market crash, if anything they was affected by the crash
Haha
Banks do worst things all the time and don't get punished, I am not defending these guys at all, but justice should include the wealthy.
Asian criminals say it ain't so.
Exciting! Now if only we could imprison some average, everyday, crypto-bro investors.
Crypto – one of the best scams of this century.
Deport him to North Korea instead
😅😅😅 Looser investors.
He’s Asian he’s innocent… this is definitely a Hate Crime against him because he is Asian.
I wonder what this world would be like if crypto never existed
Luna Was the only crypto coin I had 😅
Great news!
Criminal scammer
Electronic ponzi
Let my brother go
Binance CZ, said this guy could of survived the disaster, only if he bought back, instead of expanding the peg.. Most people don't know how close he was.. It was not like FTX, which was way too far gone.. They say Kwon, actually had at least a billion in reserves, used it un-wisely to destroy the Terrra – USD peg.. For example, you see Luna coin suppose to cover the Terra peg to the USD to $1 to $1.. There was direct attack on Terra n Luna to lose it's peg, from $1 it's was going down n down.. So he just minted more n more Luna.. Why, may be he thought Luna will keep it's price n buy back Terra to keep the peg going.. But he didn't realize, Luna is floating to the market.. Luna is whatever the market will pay.. So instead of minting more, he should of use his cash reserves to either buy back Luna to hold the price stead, for it to buy Terra to cover Terra $1 peg to the USD.. If that didn't work, then stop minting Luna completely and buy back Terra directly.. The thing, what was in the code.. He should of added circuit breaker stoppage if the pegs was so off, like Wall Street does with stocks..
You got to be an idiot investing in crypto
Wait.. fake money isn’t real? Nooo!
BUSTED 😝
Don’t buy crypto
Is he the Elon Musk that I see on every channel.
Death sentence incoming
when the doc coming out tho?👀
😂 Don’t play with people’s life savings.
Unlike the Fat boy that's been a guest of Governor Hochul for a very long time now, but other people get real jail/ prison and why is that.
He's so dumb, if I had all that dirty money I'd go to Laos and live like a king. Laos doesn't have extradition treaties with the US.
He's getting arrested for what exactly
is that Sam team samurai…lol
''gotta catch em all''
bros tryna come to my countrey HELL NO
Yeaaaaaaah
I lost money with this project.. but we all know how much the USA feds hate crypto… the central people framed him and destroyed him!
The real criminal here is blackrock and USA feds! Gensler and his band of merry jews! 😉