Following reports that the Terra blockchain founder Do Kwon transferred 3,313 Bitcoin to two cryptocurrency exchanges outside of South Korea just after an arrest warrant was issued against him, KuCoin CEO Johnny Lyu stated on Monday that the crypto exchange was working to cooperate with the government and regulators “as things progress.” Lyu also stated in an exclusive interview with Benzinga that the current crypto market crisis is “a lot worse” than previous ones and that it will require a huge event or logical economic policy to help the ailing markets.
