On the surface, an arrest warrant for Do Kwon seems like a no-brainer until you dig deeper into it.
According to the reports I saw, South Korea didn't put out a warrant for Do Kwon based on his offenses against investors. South Korea is putting out a warrant claiming to retroactively define $LUNC as a security and say Do Kwon violated securities law. Not that he lied to investors and cheated the blockchain with ghost wallets.
So the reason the government is going after him is because of a pretend offense against government, not because of any offense against you. This is just a power grab. Government wanting to sink its claws into defi, use this case as precedent to make itself the arbiter of the future of the blockchain. That's like a 180 degree turn away from decentralization.
What's more, you gain no extra protection. All government can do is make it harder for YOU to create a project. They can't stop scammers, or at the very least, they WON'T. Daniele Sesta of Wonderland fame is still out here shitposting and starting new projects. So is OxSifu and 0xBender, both unscrupulous project founders. What's the difference? Those last 3 faggits didn't transgress against government — only investors. So government doesn't care. If it really wanted to do its job and protect investors, it would go after all of these types.
So yeah, before you so called crypto libertarians start celebrating...
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