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Terra Founder Do Kwon Says He’s Surprised By His Arrest As He Got VIP Treatment Elsewhere

Do Kwon, the founder of Terra, a popular blockchain-based payment system, has expressed surprise at his arrest in South Korea on charges related to alleged fraud and embezzlement. Kwon stated that he had received VIP treatment in other countries where he had traveled and had not expected to be arrested in his home country.

The arrest of Kwon is part of a broader trend towards increased scrutiny and regulation of the cryptocurrency industry in South Korea and other countries around the world. While the industry has the potential to revolutionize finance and promote innovation and growth, it also remains vulnerable to fraud, manipulation, and other forms of financial crime.

The arrest of Kwon highlights the need for greater transparency and accountability in the cryptocurrency industry, as well as the need for effective and fair regulatory frameworks that protect against financial crime and other risks.

(By Pratik Bhuyan)

Do Kwon Blockchain
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