After Interpol’s statement, cryptocurrency LUNC fell by 20% in an hour

The value of the Terra LUNA Classic cryptocurrency (LUNC) has plummeted by almost 20% in an hour — all because Interpol has put the co-founder of the fraudulent Terraform Labs company, Do Kwon, on the wanted list.

At the time of writing, LUNC is trading at $ 0.1 954, with a market cap of $ 1.2 billion. However, judging by the scale of Do Kwon’s problems, LUNC’s value will continue to fall. «A «red notice» issued by Interpol is a warning to law enforcement agencies around the world to locate and arrest a person and hold him or her until extradition proceedings are initiated. The relevant document on Do Kwon was sent to police chiefs in 195 countries.

Interestingly, on September 17, Do Kwon stated on Twitter that he was not trying to escape and hide from justice(which is obviously why he is now wanted around the world). As for the value of the LUNC token, it is as unstable as the whereabouts of its «father» Do Kwon. Thus, in early September, it became known that Terra LUNA Classic grew by 2400% in just 7 days.

As before, No Worries strongly recommends against investing in Do Kwon’s projects, including Terraform Labs.