Here is what the founder of the Terra project had to say about the rise in the price of the digital currency LUNC
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Here is what the founder of the Terra project had to say about the rise in the price of the digital currency LUNC
The last few days have seen a rebound in the price of the digital currency LUNC.
Following an arrest warrant for Do Kwon, founder of Terraform Labs, the price of the digital currency LUNC has dropped dramatically.
Currently, the cryptocurrency is in the middle of a recovery path.
At the time of this writing, the LUNC cryptocurrency is worth $0.0002970, down nearly 6% in the last 24 hours, according to CoinMarketCap.
Issuance of an arrest warrant and the effect of the price of the digital currency LUNC:
On September 14, the South Korean government issued an arrest warrant against Do Kwon, including five others working for the company.
Read:Italian Bank “Generali” Adds and Integrates Bitcoin Services…Details Here
An arrest warrant was issued against the founder for violating market rules.
According to the arrest warrant, all six individuals named are in Singapore.
This led to a sudden drop in the price of LUNC, which lost about 15% in a short time.
Do Kwon’s comments:
Do Kwon responded to allegations that he was hiding from the authorities.
He made it clear that he was not on the run, as he claimed.
Do Kwon said his team cooperates fully with government agencies and has nothing to hide.
He added that his company is on the way to defend itself in multiple jurisdictions.
This is what Do Kwon told him:
I’m not on the run or anything similar.
For any government agency that has expressed an interest in outreach, we offer full cooperation and have nothing to hide.
We are in the process of defending ourselves in several jurisdictions – we have held ourselves to a very high standard of integrity, and we look forward to clarifying the truth over the next few months.
Read:Find out the amount of Ethereum deposited in the Ethereum 2.0 deposit contracts!
It remains to be seen whether Do Kwon’s comments will push LUNC to last week’s levels, or will be without effect especially after confidence has eroded between him and investors in the project.
Read also:
Sales of non-fungible Doodles are on the rise…Details here
Where did the Ethereum miners migrate after the merger upgrade?
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time