What Did Crypto Founder Behind $60 Billion Collapse Say

Created By Jyotish

The algorithmic stablecoin terraUSD or UST and its sibling token luna were created by Kwon's business.

When these two were combined, the projected value was over $60 billion, but it fell to almost nothing in May.

Kwon's arrest has been sought by South Korea since earlier this month.

However, according to local prosecutors, Kwon is evading capture.

Kwon, however, claimed via his Twitter account that he was not fleeing.

Kwon stated that he is making "zero attempt to hide," adding that he goes for walks and frequents shopping centers.

Additionally, Kwon said that he could not find his name on Interpol's "Red Notice" list.

The Red Notice's aim, according to South Korean authorities, is to find Kwon