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South Korean court orders arrest of developer of failed crypto Luna

Do Kwon Cryptocurrency Crypto Terraform Labs Seoul blockchain South Korea

Cryptocurrency logos and price percentage movements on an electronic screen inside a cryptocurrency exchange in Barcelona, Spain, on Sept 8, 2022. (Photo: Bloomberg)

SEOUL: A South Korean court has issued an arrest warrant for Do Kwon, the primary developer of failed cryptocurrency Luna and the founder of blockchain platform Terraform Labs.

"An arrest warrant has been issued for a total of six people, including Do Kwon, who are currently residing in Singapore," a spokesperson for prosecutors told Reuters on Wednesday.

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