A South Koren court has issued an arrest warrant against Do Kwon, the co-founder of collapsed stablecoin issuer Terraform Labs that rattled the crypto industry earlier this year, as announced by the country’s Financial Crimes Unit of the Supreme Prosecutors Office.
The warrant also names five others, according to Bloomberg, for the alleged violation of the South Korean capital markets law. However, the identity of five others is unknown yet.
The South Korean prosecutor’s office further said that all of the six individuals are presently in Singapore. Kwon earlier said that he is cooperating with the investigation. However, he did not release any official statement after the arrest warrant.
A $40 Billion Collapse
The arrest warrant came four months after the promising stablecoin
