Korean authorities reportedly have proof of Kwon’s LUNA price manipulations

Korean prosecutors have obtained proof that Do Kwon purposely manipulated Terra’s (LUNA) market price, as announced by crypto influencer FatManTerra. Citing the local news sources, FatManTerra said the prosecutors obtained a private conversation between Kwon and one of his employees, where Kwon ordered LUNA’s market price to be manipulated. In October, Korean officials located and arrested Terraform Labs‘ Head of General Affairs, Yoo Mo, for deceiving the community by faking market data. Mo’s arrest warrant was issued on Oct. 5, and he got arrested on Oct. 6.