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.
$1.2 billion in Bitcoin was liquidated during last week’s crypto crash. It was not simply Bitcoin, clearly. The collapse of Terra amounted to a degree of market contagion, which hurt crypto markets in general.
The price of the Terra (LUNA) cryptocurrency has plummeted by over 99 percent, sweeping out crypto owners’ riches. Around one stage, prominent crypto market Binance briefly banned Terra (LUNA) network withdrawals, preventing even those who needed to sell from doing so.
