South Korea arrests Luna's creator

 A South Korean court has issued an arrest order for Do Kwon, the creator of Luna and TerraUSD, which collapsed in May.

A South Korean court has issued an arrest order for Do Kwon, the creator of Luna and TerraUSD, which collapsed in May.

In the aftermath of the crash, investors have accused Kwon of fraud.

The arrest warrant follows months of investigation, including searches of businesses and bitcoin exchanges.

 Several large crypto firms failed due to market instability, including US crypto lender Celsius and Singapore-based Three Arrows Capital.

TerraUSD, once among the top 10 cryptocurrencies by market value, broke its 1:1 peg to the US dollar in May,

 Elliptic estimates investors lost $42 billion in the two coins.

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