Do Kwon, the creator of the cryptocurrencies Luna and TerraUSD, has become one of the most hated men in South Korea after a Seoul court issued an arrest warrant for him this week over his alleged role in the collapse of the global cryptocurrency market earlier this year.
The sudden collapse of the cryptocurrencies in May triggered losses in the billions of dollars among investors both large and small, and led South Korean authorities to issue an arrest warrant Wednesday for Kwon. As the co-founder and CEO of the Terraform Labs cryptocurrency ecosystem, Kwon stands accused of stock exchange violations and fraud.
