CO-FOUNDER OF TERRA ARRESTED

When Terra's UST stablecoin first collapsed, there were a lot of different things going on, and some people even said that UST was taken down because it was challenging the United States dollar. Of course, a decentralized stablecoin pegged to the United States dollar and also backed by billion of dollars of BTC is enough reason to upset the US. Just like many different things in the crypto world. The idea was going that Terra being taken down because it challenged the status quo instantly changed when Terra's co-founder decided to run and hide instead let people know the truth he said he had concerning the Terra collapse. It makes everybody know that he is likely to be involved in the collapse.

Do Kwon has been receiving a lot of different accusations and there is a possibility that we are about to find out what happened. Do Kwon was arrested in Montenegro shortly after he was trying to board a flight using fake documents. There is no big surprise because the instance the US authorities heard about this, they decided to add additional fraud charges to Do Kwon's case. Right now, the US authority is waiting for him to be deported as in the South Korean government. Do Kwan is still in Montenegro's prison and is he trying to get out of prison so that he could run away again. I think the reason why the United States government wants to arrest Do Kwon bad because of the information he could provide.

This is because Terra had most major relationships with most major cryptocurrency projects and cryptocurrency exchanges just like FTX. The difference between Sam Bankman-Fried and Do Kwon is the SBF seems to have been part of a comprehensive operation to get insider info on the cryptocurrency industry to be ready for the current cryptocurrency crackdown and I don't think Do Kwon is part of any such operation and he could even have more insider information. All these have not been confirmed yet but it is something worrying that Do Kwom is getting different treatment than all the cryptocurrency criminals we have seen during the market cycle so far.

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