The Terra company has had it worse as it’s developers were imposed travel restrictions in South Korea.
Recall that the company’s tokens, UST & LUNA collapsed and had an impact in the crypto meltdown experienced today.
According to Korean media outlet JBTC News, prosecutors in the nation have imposed travel restrictions on Terra’s developer.
The old and new developers were not spared as investigations into Terra’s LUNA & UST death spiral continue.
The travel embargo is to prevent people of interest in the case from leaving the country. The move suggests that the local agency could be preparing to issue search and seizures. This will also include subpoenas for those involved in the matter.
Meanwhile, LUNA 2.0 price appears to have reached a significant wall after bouncing off the $1.60 support level. It has to print a four-hour candlestick close above $2.34 to advance toward $3.