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Terra LUNA and LUNC Prices Drop Following Do Kwon Passport Invalidation – BeInCrypto

by Repost Admin October 6, 2022, 1:43 pm 1.7k Views

South Korea’s Ministry of Foreign Affairs has invalidated the passport of Terra founder Do Kwon passport, saying he has 14 days to return it. Kwon may also see a passport re-issuance request rejected.

Updated 6 Oct., 10:00UTC: The head of general affairs for Terra, Yoo Mo, has been arrested by South Korean authorities for manipulating and inflating the token’s price using bots, according to a report by Forkast News confirmed by district prosecutor Choi Sung-kook.

Terraform Labs co-founder Do Kwon faces more trouble as he remains out of sight from authorities. South Korea’s Ministry of Foreign Affairs has issued a notice saying that his passport would be canceled, a measure that the government first considered last month. The notice was issued on Oct. 5, saying that it posted the order publicly because of an “inability to deliver” it to Kwon.

Furthermore, Kwon