I guess making investors lose their asset of $40 Billion Market Cap is one way to appear on Interpol Red Notice list. At this point I can’t find reasons why the authorities are really after him, because, where were they when the coins were pumping and making profit for its investors. This is just pure example of what could have happened to Satoshi Nakamuto if his identity was ever known. I still can’t understand what his offense is, he created a token that flopped, unfortunately for the investors they lost money. It’s not like he rugged the project. I’m in no way in support of Do Kwon or whatever he has done, as a matter of fact I never liked Terra to invest in it. But I can’t wrap my head  around the main reason for his arrest.


![BD55A9AA-66DA-48D9-BDEE-3C0857C38066.jpeg](https://images.hive.blog/DQmWtgtMkWpYTe3aGwL4at797s1TFYJhiAPFshwofqTymZC/BD55A9AA-66DA-48D9-BDEE-3C0857C38066.jpeg)

[source](https://www.google.com/amp/s/nehandaradio.com/2022/09/18/crypto-founder-do-kwon-says-hes-not-on-the-run-wont-disclose-location/amp/)
I once thought it might have been as a result of rugpull, but so far so good, the CEO’s actions never showed any sign of rugpull, except cases where he withdrew some luna before the price crash. Putting him on red notice makes him look more dangerous than he actually his. I personally think it was just a bad business due to the flaw in the technology. But sadly, the lunatics will be the ones that all these will affect, because the blockchain had a good utility but the price crash discouraged a lot of people.  Coupled with the red notice update on Do Kwon, meaning that Do Kwon is wanted in a lot of countries. Juts few days ago he claimed that he wasn’t on the run on twitter and he was ready to coperate with any agency. What is his game? His location is currently unknown as they haven’t seen him in Korea and also made his passport void, so where is he hiding? 

I could have easily said that this is why some devs make their identity anonymous, because all I see is a pompous dv whose mouth was way too big and his plans failed. Because if you watched previous videos and interviews of Do Kwon, you will see that his problem was his pride, he was too over confident and believed his project was the most superior project of all other crypto project, but sadly his project had the greatest fall.  When the project was regarded as a successful project he was tagged as a genius, that is life, people praise you when things are going smooth, but called a fraud and a thief when it flopped. The value of luna classic dumped shortly after the announcement but started pumping after a couple of hours. The luna community is quite great, because how many projects can survive this long after having 99% value dump. 


Its not like my opinion matters, but I feel that arresting Do Kwon because his project flopped is not fair except there are evidence of rug pull because he was accused of making withdrawals days before the crash, which could be because he knew the project was going to crash, or its just all a coincidence. 
 

# Luna Classic Pumps Over 40%
While this Do Kwon fiasco is going on, Luna Classic decided it was time to have some pump as Binance coincidentally implements a new Luna Classic trading burn feature. This is a feature that CZ Binance has been trying to suggest ever since the Luna flaw crash started. This new Luna Classic token burn feature will help reduce the supply of Luna Classic. This must have spiked the token pump. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@readthisplease/not-a-bad-day-for-the-terra-ecosystem)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@readthisplease/not-a-bad-day-for-the-terra-ecosystem)