Terra founder Do Kwon is reportedly facing difficulty in listing Terra 2.0 on South Korea’s top exchanges.
Kwon reportedly approached the five top South Korean exchanges- Upbit, Coinone, Cobit, Bithumb and Gopax- over listing the new LUNA token. The token is set to be issued under a widely-approved revival plan, which will launch a new Terra blockchain this week.
But four of the exchanges, apart from Upbit, appear to be distancing themselves from Terra, a report from South Korean news organization Heraldcorp showed.
Their apprehension stems from the fact that Kwon, and his company Terraform Labs (TFL), are currently under investigation by the Korean government.
Most South Korean exchanges against listing Terra 2.0
Excluding Upbit, the four crypto exchanges declined the request from Kwon to list Terra 2.0. They instead suggested Terra go through official listing channels.
