A screen (right) shows the falling values of the Luna at a cryptocurrency exchange in Seoul, South Korea on May 27, 2022. File photo: Yonhap via AP
A screen (right) shows the falling values of the Luna at a cryptocurrency exchange in Seoul, South Korea on May 27, 2022. File photo: Yonhap via AP
South Korea

Global hunt on for South Korea’s Do Kwon as Terraform collapse rocks cryptocurrency confidence

  • Interpol red notice out for Kwon, who faces various charges of violating capital markets after US$60 billion of tokens wiped out
  • Investor confidence in cryptocurrencies shaken, but speculative attackers seeking to gain from unstable market conditions also to blame for crash, analyst says

A screen (right) shows the falling values of the Luna at a cryptocurrency exchange in Seoul, South Korea on May 27, 2022. File photo: Yonhap via AP
A screen (right) shows the falling values of the Luna at a cryptocurrency exchange in Seoul, South Korea on May 27, 2022. File photo: Yonhap via AP
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