South Korean authorities have issued an arrest warrant for the former CEO of Tmon, a major Korean e-commerce platform. The allege that he was bribed with Luna tokens, which he exchanged for billions of won (worth around US$105 million), to promote Terra: the stablecoin in the Terra/Luna ecosystem.
Terra and Luna dramatically collapsed in May 2022, and South Korean authorities are still hunting for Terra leader Do Kwon, who is reportedly hiding in Serbia. Earlier this month, Korean authorities reportedly traveled to Serbia to try to locate him, but were unsuccessful.
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