The cost of the Terra Classic (LUNC) cryptocurrency fell by almost 20% in just 1 hour. This happened after representatives of Interpol announced that they had issued a Red Warning to the founder of Terraform Labs, Do Kwon. The price of the LUNC cryptocurrency was at $0.0000189 as of September 26, 2022 at 9:10 am Moscow time. This is 19.67% lower than similar values of the day before. The capitalization of the asset amounted to $1.16 billion.
Representatives of the International Criminal Police Organization assured that they carefully studied the request of South Korean law enforcement agencies and decided to send a message to 195 countries that cooperate with the institution.
Experts recalled that a few weeks ago, a South Korean court issued an arrest warrant for Kwon, accusing the entrepreneur and his colleagues of violating the law and fraud in connection with the collapse of the Terra (LUNA) cryptocurrency project.
The businessman should have been arrested. However, on September 17, it turned out that he had left the territory of Singapore, where he had been until that time, and fled in an unknown direction. Friends and relatives of the South Korean businessman noted that he stopped answering calls and did not tell where he was going to go. Previously, Kwon himself claimed that he did not violate the laws and his conscience is clear, and the businessman himself did not plan to hide from the authorities in the event of criminal prosecution.