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cryptocrash in South Korea

A South Korean court has issued an arrest warrant for Do Kwon who co-founded the company behind the Terra Luna and TerraUSD cryptocurrencies. Prosecutors believe that Terraform Labs, which is registered in Singapore, had violated capital market rules. Their spectacular collapse earlier this year spooked investors and saw the values of major tokens plummet. Mr Kwon is believed to be in Singapore, which does not have an extradition agreement with South Korea. What is your comment on “cryptocrash” in South Korea?

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