There is never a dull moment. The co-owner of a "stable coin" listed on the site is wanted by the police in South Korea.
An alert on the Luna coin trading page states that a South Korean court has issued an arrest warrant for the co-founder of Terra 2.0 Please be aware of the risks and trade with care. There will be no responsibility for trading losses.
The founder of the Luna-Terra not-so-stable coins is wanted for arrest in South Korea along with five other people associated with Terraform Labs, the company that issued the two stable coins.
Although Kwon insists he is not on the run, he doesn't seem to want to turn himself in to the police.
In a federal class-action lawsuit, investors claim that the exchange misled them about the value of Terra before it crashed in May of this year, which was the first domino to fall.
Terra 2.0 was created after the coin crashed for the first time, at the request of its investors. Terra 2.0 is worthless due to the fact that its creator is wanted for arrest.
Regardless of Kwon's claims that he's not on the run from police, this particular chapter in the history of blockchains is going to come to a dramatic end.
Forbes was accused of violating terrorism sanctions and invested in a coin exchange.
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