Terra Luna cryptocurrency creator on the run from South Korean authorities

Sky News Business Editor Ross Greenwood says it’s been a cold winter for crypto, none more so than for creator of Terra Luna cryptocurrency Kwon Do-Hyung.

“One cryptocurrency you might remember us talking about is Terra Luna. It was a so-called stable coin – pegged to the US dollar – which collapsed back in May,” he said.

“The co-founder Kwon Do-Hyung, better known as Do Kwon, appeared in an interview in August discussing the collapse,” Mr Greenwood said.

“Authorities in South Korea have issued a notice for his arrest.

“Do Kwon – oddly – denies he’s on the run.

“So, if you spot this guy out and about, give Interpol … or the federal police a call. But don’t buy cryptocurrency from him.”