Korean Prosecutors Are Discussing The Possibility of Cooperating with Interpol to Issue a Red Notice for Do Kwon's Extradition

Jul 27,2022
KingData News: Korean prosecutors are discussing the possibility of cooperating with Interpol to issue a red notice for Do Kwon's extradition, according to Kyunghyang News. In previous news, Korean prosecutors issued a Do Kwon "Notice on Entry" in connection with the Terra collapse and banned other Terraform Labs executives from leaving the country.
This indicator provides follow-up on the depg of Terra's stablecoin UST on May 8th. Terra's stablecoin UST briefly lost its peg to the U.S. dollar on May 8th, dipping as low as $0.985. The depeg event came after a series of multi-million dollar UST selloffs as one account traded about $85 million worth of UST for USDC on Curve Finance, while another user reportedly sold $108 million worth on Binance. UST posted a slight recovery shortly after Terraform Labs CEO Do Kwon posted a tweet calling out the stablecoin's critics.