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Source: Screenshot/Terra/YouTube South Korean prosecutors say they have evidence that proves the missing Terraform Labs Co-founder Do Kwon told an employee to manipulate coin prices. But Kwon has suggested that he is ready to hold a “meetup,” with “cops from all over the world welcome” to attend. Reports from the South Korean national broadcaster KBS and the nation&rsquo ;s biggest newspaper Chosun Ilbo explained that the Seoul Southern District Prosecutors’ Joint Financial and Securities Crime Investigation Team has unearthed a “message-based” “conversation between Kwon and an unnamed Terraform “employee.” Terra Luna Classic prices on November 4. (Source: CoinMarketCap)  An official from the Prosecutor’s Office was quoted as stating: “I cannot reveal the details, but this was a conversation whereby CEO Kwon specifically ordered the manipulation of prices.” The media outlets did not s...

Join Our Telegram channel to stay up to date on breaking news coverage Do Kwon, the co-founder of Terraform Labs has taken responsibility for the “weakness” in the design of the Terra network that triggered its collapse. Terra collapsed in May, causing around $60 billion in losses. Do Kwon takes responsibility for Terra’s collapse The collapse of Terra has attracted regulatory attention, with authorities in South Korea inviting Interpol to issue a red notice against Do Kwon. The Terraform Labs co-founder has now opened up on the troubles facing him. Kwon attracted backlash from the crypto community for what many termed as arrogance by mocking his competitors. In one instance, Kwon responded to Frances Coppola, a British economist that criticized the design of Terra’s algorithmic stablecoin, saying he does not “debate the poor.” Nevertheless, Kwon rallied major investors into Terra, including Galaxy Digital and Lightspeed Venture Partners. ...