
LUNA’s price was manipulated by Do Kwon and his employee, claim Korean authorities
According to reports, South Korean investigators have discovered proof that Do Kwon and a worker manipulated the price of LUNA, Terra’s native cryptocurrency token. The local media reports that the South Korean investigators believe Kwon is living in Europe. The prosecutors used text conversations sent between the founder of Terra Luna Kwon and his employee as evidence. According to the South Korean prosecutor’s office: “I can’t reveal the details, but it was a conversation history where CEO Kwon specifically ordered the price manipulation.” Until recently, Kwon’s representative rejected these charges in interviews. Kwon previously stated in an interview: “We tended