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  • Writer's pictureAmiran Azaladze

The creator of the LUNA cryptocurrency will be judged due to the price drop from $120 to $0.007.

South Korea has issued an arrest warrant for Terra and Luna cryptocurrency developer Kwon Do-hyun and his colleagues. The investigators stated that Terra and Luna tokens are equivalent to securities, which means that the Terraform Labs team committed fraudulent transactions and violated financial market laws.

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