A South Korean court has also just issued an arrest warrant for the founder of Terraform Labs, Do Kwon and five others. A local newspaper reported that the warrant was related to a violation of capital market rules.
Do Kwon is known to be living in Singapore and South Korea has bilateral extradition treaties with 31 countries but Singapore is not on the list.
Singapore and South Korea do not currently have an extradition treaty, and Do Kwon has not yet commented on the warrant.
At the time of writing, Terra Classic has fallen 40% on the week.
[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]
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