The collapse of the Terra ecosystem and its LUNA token last May was the trigger for the cryptocurrency market to enter a state of protracted crisis.
The industry could only get out of it in the first quarter of 2023.
Do Kwon, the founder of the Terra project, was wanted by South Korean law enforcement authorities. A court in Seoul granted the prosecutor’s claim to freeze digital currencies and other assets totaling 233.3 billion won ($176 million) belonging to the defendant.