Terra LUNA records biggest weekly losses among top 100 as Do Kwon faces greater pressure lunarmy LUNA2 LUNCARMY LUNCBURN terraluna Cryptos CryptoNews
Terra CEO Do Kwon, whose defunct cryptocurrency ecosystem precipitated a crash in digital assets, may have to return to South Korea after authorities sought to have his passport revoked.According to the prosecutor's office, a request to revoke the passport has been sent to the country's foreign ministry.
The ministry stated that it is reviewing the application and had previously warned that Kwon May try to remain in Singapore without a passport.The most recent actions follow an arrest warrant issued by a South Korean court for Kwon and five other people on allegations of breaking the capital-markets law, as reported by U.Today.
Kwon found himself at the epicenter of one of cryptocurrency's largest blowups after stablecoin TerraUSD depegged and brought down the Terra ecosystem. A $60 billion loss followed the crash of sister token LUNA . The May fall rocked confidence in the digital asset market, which has not fully recovered from its losses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nearly 200 arrested in push to throttle Tucson street racersPolice swept two large gatherings of street races and spectators in Tucson Friday and Saturday night.
Read more »
Over 200 years of service: The work lives of 5 El Cholo employeesLos Angeles' Mexican restaurant chain El Cholo has dozens of employees in the '20-year club.' Here are five of the longest-serving.
Read more »
Denver's Most Dangerous Streets: The Top TwentyBet you regularly drive on one of these Denver streets.
Read more »
North Texas families closer to getting answers after RJ Construction bankruptcy hearingNorth Texas families left with unfinished projects after a construction company filed bankruptcy last month are now one step closer to getting answers.
Read more »
Endorsement: Robert Luna for Los Angeles County SheriffLevel-headed, deeply experienced in Southern California policing, with national leadership under his belt as well, Luna promises to restore deeply needed public trust in the department.
Read more »
'Star Wars' prequel series 'Andor' gets a final trailer for Sept. 21 releaseThis 12-episode spinoff series starring Gabriel Luna as Cassian Andor lands Sept. 21.
Read more »