What Happened To Do Kwon – Will Terra CEO Get Arrested For Luna’s Price Drop?
Terra CEO, Do Kwon, is certainly not going to jail for Luna’s price drop. His arrest news has surfaced on Twitter which just seems to be rumors. Here’s more about him.
Kwon is known for being the founder of Terra, a cryptocurrency trading company. However, Luna, the cryptocurrency he launched, has seen its worst shrinkage in its history, and its price has now fallen to $0.
Investors have lost around $60 billion in a matter of a week, and they are outrageous to the founder of Terra, Kwon. Some investors have filed legal issues demanding his arrest.
Amidst all the drama, Kwon has launched another cryptocurrency called Luna 2, and Bytedance has just accepted its trading. This has left the investors fuming, and Kwon is receiving threats from investors.
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Terra CEO: Is Do Kwon Going To Get Jail Time For Luna’s Price Drop? Arrest News
Do Kwon, CEO of Terra, is rumored to be getting into jail as Luna’s price has dropped to $0 in recent weeks. However, his arrest news has no truth at all.
In fact, one of the investors got arrested after breaking into Kwon’s house. As per the reports, the investor reportedly lost $2.4 million after Luna’s market price got crashed.
Leap wallet live on Terra 2.0 https://t.co/CQ7A7dkSgQ
— Do Kwon ? (@stablekwon) May 30, 2022
The investor went to Kwon’s house and knocked on his door as per the police statement. As of now, the investor is under control, and the South Korean Police are carrying out the investigation process.
Several international media has reported that Kwon could be sentenced to prison under fraud charges. But, Kwon has launched Luna 2, and he has promised to return the investors’ investment.
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Do Kwon Age: How Old Is He?
Do Kwon is 30 years of age in 2022 as he was born on 6 September 1991 in South Korea.
#Binance will list Terra 2.0 $LUNA in the Innovation Zone and will open trading for LUNA/USDT and LUNA/BUSD trading pairs at 6am UTC on May 31.
Full airdrop details ⤵️https://t.co/SSFL6BNvzb
— Binance (@binance) May 28, 2022
The 30-year-old South Korean studied at Daewon Foreign Language High School and studied computer science at Stanford University, graduating in 2015.
After graduation, he worked as a computer engineer at Apple and Microsoft for three months. Then in 2015, he returned to South Korea to start his own company.
Do Kwon Wikipedia Bio Explored
As per the official Wikipedia page, Do Kwon is a South Korean cryptocurrency developer who co-founded and is CEO of Singapore-based Terraform Labs.
The company issued two cryptocurrencies, the stable coin TerraUSD (UST) and network token Terra (LUNA). But, in May 2022, both the cryptocurrency collapsed within a week, wiping out over $45 billion.
Now, Kwon has come with the second version of Luna. For further information, follow him on Twitter.
