general

After fleeing Singapore…Interpol officially issues a Red Notice against the founder of Project Terra

After fleeing Singapore…Interpol officially issues a Red Notice against the founder of Project Terra

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer After fleeing Singapore…Interpol officially issues a Red Notice against the founder of Project Terra

South Korean prosecutors said on Monday that Interpol had officially issued a red notice against Project Terra founder Do Kwon after he fled Singapore.

As a result, the price of Terra Classic (LUNC) and Terra (LUNA) have both fallen by nearly 20% and 15% in the last 24 hours, respectively.

INTERPOL issues a Red Notice against the founder of Project Terra:

a statement The Seoul Southern District Prosecutor’s Office said on September 26 that Interpol had accepted a request to issue a red notice against the founder of Project Terra.

Interpol has notified police in 195 countries around the world to hand Do Kwon over to the South Korean authorities.

Read:The crypto market is recovering with Bitcoin back above the $16,500 level

South Korean prosecutors had earlier issued arrest warrants for Do Kwon and five others.

In addition, prosecutors revoked Do Kwon’s passport and placed other Terra executives in a travel ban to investigate and take legal action against them in a South Korean court.

The founder of The Terra Project and its subsidiaries are accused of violating the Capital Market Act.

South Korean prosecutors have launched a new investigation into whether Terra Classic (LUNC) and other Terra digital currencies are securities.

The investigation team also conducted investigations into allegations of fraud, money laundering and tax evasion.

Last week, prosecutors refuted Do Kwon’s statement that he is not a fugitive and is cooperating with South Korean authorities.

However, prosecutors maintain that he is a fugitive since the Terra-LUNA project crisis in May.

Prosecutors have asked Interpol to issue a red notice against Do Kwon after Singapore police confirmed he had left the country.

The price of the digital currency LUNC fluctuated with the news, as it fell below $0.0002 and then, at the time of preparing this article, the price rebounded and rose by 24%, as if the news of the issuance of the red notice against the founder of the Terra project was positive news?!.

Read:The most popular cryptocurrencies in 2020… according to the Twitter crypto community
  • Update: It turns out that the rise was the result of crypto exchange Binance announcing support for LUNC burning (LUNC rose by 60% after Binance announced support for the coin burning mechanism).

Read also:

After Ethereum Integration Upgrade…GPU Price Drops to Lowest Level in China

The Apple Store allows apps that sell non-fungible NFT tokens



And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
Bitcoin price rises as stock market crashes – is the correlation broken?
Next post
After Ethereum Integration Upgrade…GPU Price Drops to Lowest Level in China