Wanted crypto exec linked to $60 billion crash faces passport freeze | Crypto Craft

  • Wanted crypto exec linked to $60 billion crash faces passport freeze

    From cnbc.com

    South Korean authorities on Thursday began the process of canceling the passport of Terraform Labs founder Do Kwon whose company was behind a dramatic $60 billion cryptocurrency collapse. Police have also arrested one person in connection with Kwon’s operations. Kwon has been ordered by the South Korean foreign ministry to return his passport by Oct. 19 or face having the document canceled. The saga between Kwon and South Korean authorities continues to intensify after the collapse of terraUSD and luna wiped billions off of the cryptocurrency market and sent shockwaves through the industry. Terraform Labs, Kwon’s ... (full story)

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XMR
Oct 6, 2022 10:26am
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Dai's Rune Christensen called UST going to zero well in advance https://cryptobriefing.com/terra-and...maker-founder/

Do Kwon surely understood the technical issues and still moved forward with the possibility of setting billions on fire. This level of irresponsibility should be criminal especially if it's marketed as a "stablecoin."
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