They should have done this a long time ago, but it's not too late now. I wonder, now that Dokwon is hiding in singapore, how can he catch him? With this announcement, he will never be able to return to his hometown and moreover he and the people who used to work for Terra will no longer have the opportunity to participate in any future projects, which is a good thing for the crypto community. This news will be a big blow to luna and there will be panic and dumping, maybe this is the end for these 2 tokens.
Terra Classic does not need Do Kwon to move next. He decided to sacrify it to save UST but this decision failed. Later, he switched to a new Terra, and abandon the original, now is called as Terra Classic.
Catching him or not, it is not bad news for Terra Classic community and investors. I see it as good news because in future, no more negative news for Terra Classic just because of Do Kwon. Having a dump after this arresting news but once and for all, for a brighter future.
To have better future, Terra Classic must not be connected to Do Kwon.