– South Korea Launches Manhunt For Founder Of Collapsed Stablecoin:
Four months after the collapse of the $40 billion Terra ecosystem and its algorithmic stablecoin (UST), which was the first domino to fall in this year’s crypto winter, a South Korean court has issued an arrest warrant against Do Kwon, the co-founder of the now defunct stablecoin issuer Terraform Labs, according to the Financial Crimes Unit of the Supreme Prosecutors Office.
The warrant included five additional persons, Bloomberg News reported, citing a text message from the prosecutor’s office.
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