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Terra LUNA and LUNC Prices Drop Following Do Kwon Passport Invalidation

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South Korea’s Ministry of Foreign Affairs has invalidated the passport of Terra founder Do Kwon passport, saying he has 14 days to return it. Kwon may also see a passport re-issuance request rejected.

Terraform Labs co-founder Do Kwon faces more trouble as he remains out of sight from authorities. South Korea’s Ministry of Foreign Affairs has issued a notice saying that his passport would be canceled, a measure that the government first considered last month. The notice was issued on Oct. 5, saying that it posted the order publicly because of an “inability to deliver” it to Kwon.

Furthermore, Kwon could also face rejection if he were to apply for the passport to be reissued. This could mean that Kwon could potentially be unable to travel anywhere if his passport is invalid. He has 14 days to return the passport.

The decision to cancel the passport is another strong measure that the South Korean government is taking against Kwon. They have been going all out in their bid to bring Kwon back into the country and under their jurisdiction.

As for Kwon, he may be on the verge of facing some serious trouble if he cannot travel anywhere. There have been no comments from Kwon or Terraform Labs yet since the notice was published.

Kwon denied being on the run

One of the most severe actions taken against Kwon was the fact that Interpol issued a red notice against him. This asks law enforcement agencies around the world to locate and arrest him. So far, no developments have taken place, and Kwon remains at large.

He has also denied that he is on the run, tweeting that he was making zero effort to hide and is writing code in his living room. Kwon has also rejected reports that funds used by the Luna Foundation Guard have
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