According to CoinDesk's Emily Parker, there are indications of advancement in Do Kwon's home country despite the ongoing impact of Terra's downfall.
In a series of Tweets in response to accusations that he left Singapore after an arrest warrant was issued on Wednesday, Kwon remained mum regarding his location.
A warrant to arrest Kwon and five other people who are currently in Singapore was issued by a court in Seoul, South Korea.
The simultaneous crashes of Terra's UST stablecoin and LUNA fuelled the market-wide fall in May, which investors are currently recuperating from. However, Do Kwon and his team's rehabilitation efforts have restarted LUNA following this upheaval. In addition, its counterpart Terra LUNA Classic, as well as LUNA, have soared in recent days.
Terra Classic [LUNC] is seemingly rising from the ashes after its collapse earlier in May 2022. One of the most impressive comeback stories of the year is being written about the token.
DeFi was discussed at a number of seminars in Seoul, but the $40 billion failure of a significant Korean project was not one of the topics.
Due to a Luna Classic pricing oracle error, millions of dollars' worth of mAssets were stolen from Mirror Protocol.
An exploiter was able to drain four synthetic asset pools from the Mirror Protocol due to a bug in the pricing oracle software for Terra Classic validators.
Following the collapse of Terra's algorithmic stablecoin, China's Economic Daily media source has hinted that more regulatory action against stablecoins may be taken.
Following the collapse of Terra's ecosystem, at least three blockchains have openly stated that their teams are willing to accommodate any stray former Terra developers.