Do Kwon Company criticizes Korean arrest warrant
Terraform Labs, the company behind the Luna and UST cryptocurrencies, said that South Korean prosecutors "overstepped their authority" when deciding to arrest CEO Do Kwon.
"We believe the matter has been highly politicized. The actions of the Korean prosecutors show an unfairness and failure to uphold the basic rights guaranteed under Korean law," the spokesman said. Terraform Labs told the Wall Street Journal September 28.