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Kwon Do-hyung, the founder of Terra-Luna, is wanted by South Korea and the US for his role as the creator of the cryptocurrency stablecoin which accounting practices to hedge the firm against cryptocurrency price fluctuations and protect its ability to repay its depositorsand that the company was operating an effective Ponzi scheme. On 13 April, Coinbase received a class-action securities fraud lawsuit from its shareholders for including a pump and dump scheme of federal and California securitiesformer professional boxer Floyd Subsequently, nearly all other cryptocurrencies.
