According to Bloomberg News, the notorious founder of Terraform Labs, Do Kwon, was arrested by the Korean authorities because he was tested to damage the LUNA ecosystem. He pointed out that he had been actively cooperating with the prosecutors and dealing with all the folders sent to it by the authorities.

He would rather not reveal his location. Kwon claims that after the collapse of LUNA and TerraUSD, the ecosystem stability circle, secret name encryption customers have been pushing him many threats. However, at least Malaysia can be removed from the search list because the regional authorities have already determined that Kwon is not there.

The authorities issued an arrest warrant last month. This accusation is related to the collapse and the disappearance of the Terra token worth $60 billion.

On the unlinked podcast, Kwon shared that the news media was the only new source of information about his case, but he assured the podcast host Laura Shin that he had not seen the arrest warning issued in his name.

The collapse of LUNA and TerraUSD in May prompted BTC to drop from $39400 to $29500 in the region. In June, BTC fell to US $18551 as a negative impact.

All crypto financial markets were inferior, collapsed and lost money in that era.

In addition to this coin, 3AC, Celsius ad Voyager Digital, crypto lenders and artist brokers and other crypto enterprises have also been destroyed.