Saturday, December 3, 2022
Home TECH Is the Founder of Terra Luna on the run?

Is the Founder of Terra Luna on the run?

Terraform Labs founder Do Kwon has spoken out on claims that authorities issued the warrant for his arrest, saying he is not at large.

According to multiple sources, a South Korean court issued an arrest warrant for Do Kwon last week. In addition to Kwon, five other names associated with Terra are also on the order. The reason for issuing this order is the assertion that these persons violated the provisions of the Capital Markets Law of this country.

Three days after the claim about the warrant issued for his arrest, Kwon spoke out on Twitter, dismissing these claims and stating that if the authorities need to talk to him, he is ready to communicate. However, he also expressed concern about privacy issues regarding the attention his whereabouts are drawing.

During the first interview last month after the Terra accident, Kwon said he was cooperating with authorities and needed to move to Singapore. According to the Singapore Police, he is no longer there.

While some investors are trying to solve this mystery, others are now turning to the top coins on the market.

3 most popular currencies during the mystery of Terra

Despite going through quite a difficult period regarding the cryptocurrency market caused to some extent by the collapse of Terra, some investors just don’t want to waste any more time. The currencies they are turning to are:

  1. Tamadoge (TAMA)
  2. Infinite Battle (IBAT)
  3. Lucky Block (LBLOCK)

These coins surely show great potential for many reasons. Let’s delve into the reasons for each of them.

In the midst of the crisis the crypto market is going through, TAMA seems to flow through it effortlessly. she manages to raise $19 million in less than two monthssimply showing the potential that will unfold very soon.

The combination of the metaverse, the crypto market and the concept of playing to win is sure to start paying off more soon as investors proved that it is exactly what the market wants to see. Investors have their eyes glued to all the new information about the TAMA token, and there are certainly plenty of surprises to expect.

We will learn new information about the TAMA exchange which will be listed this Friday 23rd at 12pm BST. TAMA’s price is sure to go up from the moment it’s listed, with all the hype we’ve seen so far.

2. Infinite Battle (IBAT)

Battle Infinity is a platform where fantasy sports enthusiasts can use all their knowledge and skills to progress and win. Knowledge about the way sports work in the real world is the condition that will become the basis for further progress. With the NFTs that can be purchased, it becomes quite interesting to team up.

The value of NFTs is closely related to the performance shown by real players. The teams that manage to collect the most points will move up the rankings, which will be rewarded with IBAT tokens.

IBAT price today is $0.003004, and there is a 4.35% price increase at the time of writing, which is surely a great sign.

3. Lucky Block (LBLOCK)

Lucky Block is gaining more and more popularity due to the fact that there are two native tokens on the platform: LBLOCK V1 and LBLOCK V2. Since there is a 12% tax on transactions related to V1, the developers introduced V2 as a perfect alternative.

It is announced that Bridge will be activated on October 3rd, which will allow for easier currency trading and will also focus on LBLOCK. The team behind the project is expected to start burning LBLOCK tokens at the end of this month, which will boost both the demand and the price of LBLOCK.

The price of LBLOCK V1 is $0.0003533 as of today, and it has had an increase of 3.25% in the last 24 hours, which only shows the good position that this token has in the market. The price is expected to increase further once the bridge is implemented.

lucky block

conclusion

While we wait to see how the situation will play out with the Terra founder, but also the crypto market in general, there are still some ways to avoid hitting the wall. Investing in these three coins that we listed before is certainly a good alternative because there are so many exciting things planned for each of them, making this a perfect time to invest.

RELATED ARTICLES

How a small electoral business became a conspiracy theory target

At an invitation-only conference in August at a secret location southeast of Phoenix, a group of election deniers revealed a new conspiracy theory about...

19 Android Settings You Might Not Know About

if you are a typical smartphone user, you average almost five hours a day on your phone now. But beyond video and social...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Time to get serious about Democrats’ chances in the House

There were more than a few Democrats who were a little miffed at my Friday bulletin on election rigging, which argued that Democrats aren't...

Uncertain Path For US-Taiwan Free Trade Deal Despite Hill’s Support

If Taiwan's semiconductor industry were to be destroyed, downgraded or subjected to Western sanctions as a result of a Chinese military occupation of the...

As Ukrainian forces enter Lyman, hundreds of Russians may still be trapped inside

A local resident walks past abandoned Russian tanks in recently liberated Kyrylivka. September 30, 2022. All through Friday night, Russian sources on Telegram were...