Fresh Off the Block: Terra’s Luna rebounds as Do Kwon faces prosecution and more

Terra’s reserve currency Luna has surged about 60% over the past 24-hours, following a crash that saw the digital asset lose almost 99% of its value.

This is amid prosecution faced by Terraform Labs’s founder and CEO Kwon Do Hyeong — prominently known as Do Kwon — over the collapse of Luna and stablecoin TerraUSD (UST).