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Name Symbol Market Market Cap ($) Algorithm
Polkadot DOTUSD Crypto 6,334,206,226 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  -0.080 -1.46% 5.39 5.39 5.39
High Price Low Price Open Price Prev. Close 52 Week Range
5.48 5.32 5.47 5.47 4.99 - 38.80
Exchange Last Trade Size Trade Price Currency
GDAX 18:19:46 0.299000 5.39 USD
Price x Volume Volume Base Symbol Related Pairs
3,811,838.67 707,022.81 DOT DOTEUR DOTGBP DOTBTC

Terra Reacts To Case Against Do Kwon, Claims Matter Is Highly Politicized

30/09/2022 8:16am

NEWSBTC


The collapse of the algorithmic stablecoin Terra and its native token LUNA remained a shocking event in the crypto space. The outcome was the loss of billions of dollars for many individual and institutional investors. It also threw the entire crypto industry into a historic crisis. Lots of changes have taken place following the fall of the stablecoin. Subsequently, some investigations and legal cases have been against the founder of Terraform Labs, Do Kwon. Firstly, the South Korean Prosecutors leveled some allegations against the Terra Chief. Related Reading: Polkadot Price Drops On Chart With Resistance At $6.80, What’s Next? Also, the International Criminal Police Organization (Interpol) issued a Red Notice against him. The Interpol request is for law enforcement’s immediate arrest of Do Kwon globally. There was a massive loss of over $60 billion of investors’ funds through the fall of Terra and its ecosystem in the first half of the year. The South Korean Prosecutors requested the assistance of Interpol for the arrest of Kwon. The prosecutors accused the Terra chief of hiding to avoid their investigations. According to a source, Kwon was seen in Singapore, though the city police noted that he later left. Terra Says Case Against Kwon Is Highly Hyped Up Following the alert from Interpol, there was a slight fall in the prices of Terra Classic (LUNC) and the newly launched Terra LUNA. Some rumors have been that Kwon went into hiding since the collapse of Terra and its ecosystem. Terraform Labs has finally reacted to the case against Do Kwon. The firm stated that the case is highly politicized while speaking to Bloomberg. The spokesperson mentioned that the South Korean Prosecutors’ steps depicted unfairness in all aspects. Related Reading: Cardano Price Fails To Pierce Through $0.48 As Bears Continue To Dominate According to the spokesperson, the prosecutors failed to adhere to the basic rights available under Korean Law. Also, he noted that the prosecutors’ allegations against Kwon of breach of capital market laws indicated reasonable bias. Featured Image Pixabay, Charts From Tradingview.com

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P: V:gb D:20221201 18:19:47