Do Kwon the CEO of Terraform and the Founder of the Crypto LUNA has posted to twitter denying that his Crypto assets worth $39.6 million have been frozen.
Do Kwon is also a wanted man as authorities have set out a red notice for his arrest, and have given notice for him to return his passport or have it revoked.
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So where did this all start? Well, earlier this year, within 48 hours, $LUNA crashed from $120 to $0.02. This was a significant record of loss in the crypto industry. In December 2021, Terra even passed BNB Smart Chain and became the 2nd largest DeFi protocol. Over $20 Billion was invested. It got to the point where $LUNA sold for over $100, until the May Terra Luna crash that shook the world of cryptocurrency, leaving many in heavy financial losses.