According to Bloomberg News, South Korea has launched a manhunt for Do Kwon, the founder of the collapsed stablecoin UST, along with five additional people.
According to the Financial Crimes Unit of the Supreme Prosecutors Office, a South Korean court has issued an arrest warrant against Do Kwon, the co-founder of the now-defunct stablecoin issuer Terraform Labs, four months after the $40 billion Terra ecosystem and its algorithmic stablecoin (UST), which was the first domino to fall in ...
