{"id":19071,"date":"2023-03-23T16:03:18","date_gmt":"2023-03-23T16:03:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/luna-falls-sharply-on-do-kwons-arrest-allegations\/"},"modified":"2023-03-23T16:03:18","modified_gmt":"2023-03-23T16:03:18","slug":"luna-falls-sharply-on-do-kwons-arrest-allegations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/luna-falls-sharply-on-do-kwons-arrest-allegations\/","title":{"rendered":"LUNA falls sharply on Do Kwon&#8217;s arrest allegations"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679582153943-0906bc83-0e30-4446-bac2-d56ac25910e1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679582153943-0906bc83-0e30-4446-bac2-d56ac25910e1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679582153943-0906bc83-0e30-4446-bac2-d56ac25910e1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679582153943-0906bc83-0e30-4446-bac2-d56ac25910e1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\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 class=\"twitter-tweet\" 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 class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/luna-falls-sharply-on-do-kwons-arrest-allegations\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) 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 [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":19072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19071"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19071"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19072"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}