Crypto Crash: Arrest Warrant Issued for Luna Co-Founder

By Luc Olinga The collapse of sister tokens Luna and UST in May caused a global rout in the cryptocurrency market. A reckoning in the crypto industry appears to be on the way. Nearly four months after the collapse of Luna and UST, or TerraUSD, two sister tokens issued by the Terraform Labs platform, the authorities seem ready to shed light on the reasons and those responsible for this rout The collapse wiped out at least $55 billion, contributed to the bankruptcy of prominent crypto lenders and the ruin of a star hedge fund, and swallowed the savings of many retail investors. A court in South …