Is Kwon Kwon charged with a crime in South Korea?

(Many exchanges have since revived limited support for the old token.) Kwon said in an interview to Coinage last month that South Korean prosecutors and he hasn’t been charged with anything — even though law enforcement is barring his employees from leaving the country.

Did South Korean prosecutors violate capital market rules?

The South Korean court has issued arrest warrants for six people, the news outlet reported, adding that the prosecutors believe the individuals have violated the nation’s capital market rules. Terraform Labs’ so-called stablecoin UST and cryptocurrency LUNA dramatically imploded in May after investors lost faith in the efficacy of its fundamentals.

Where is Kim Kwon based?

Kwon was based in Singapore while running the blockchain platform Terraform Labs. Seoul prosecutors told CNN in December that the crypto entrepreneur was believed to be in Serbia, where he was in hiding after leaving Singapore via Dubai.

How did Kwon raise billions of dollars from investors?

According to the SEC, Mr Kwon and his company raised billions of dollars from investors by selling them "an interconnected suite of crypto asset securities" with many transactions being unregistered.