The hunt for Terra founder Do Kwon has been ongoing for months now for the reason that community collapsed. South Korean authorities proceed their search and have already gone so far as invalidating Kwon’s passport however he continues to be elusive. This time round, authorities consider that they might have positioned the place the founder is at the moment hiding and are reportedly working with the Serbian authorities to get him again to South Korea.
Do Kwon Is In Serbia?
The South Korean prosecutors have seemingly been following Do Kwon world wide. Beforehand, authorities had mentioned that they believed that Kwon was in Dubai. Nevertheless, they now consider that the Terra founder made his approach to Serbia from Dubai final month.
Kwon at the moment has a pink discover him issued by Interpol, making him one of the vital wished individuals on the planet. However there isn’t a file of the founder really coming into Serbia provided that his passport is at the moment invalid. Moreover, authorities are additionally trying on the chance that Kwon might have moved on from Serbia and might be hiding out in one of many neighboring international locations.
However, South Korean authorities stay steadfast of their pursuit of the Terraform Labs (TFL) founder. Reviews say the statute of limitations was suspended by the Seoul Southern District Prosecutor’s Workplace in Do Kwon’s case as a result of it believes that the founder had fled the nation earlier within the yr for the only real objective of avoiding any investigation into his involvement with the Terra collapse.
South Korean officers are reportedly within the technique of working with the Serbian authorities to work out an extradition deal since there isn’t a extradition treaty between the 2 international locations. Nevertheless, each international locations are in settlement with the European Conference on Extradition.
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Terra Founder Comes For FTX
With the collapse of the FTX crypto trade, there have been many stunning developments and a kind of is the truth that founder Sam Bankman-Fried is being investigated for market manipulation. After the information broke, Do Kwon took to Twitter to share his ideas on this.
In a multiple-tweet thread, the Terra founder accuses FTX’s sister firm Alameda of beginning the UST foreign money contraction that might finally result in the collapse of the community. In keeping with Kwon, Alameda had drained UST’s curve swimming pools by promoting off 500 million UST in a matter of minutes.
That is pretty public information at this level, however the giant foreign money contraction that UST went via in Feb 2021 was began by Alameda, once they bought 500mm UST in minutes to empty its curve swimming pools throughout the MIM disaster
— Do Kwon 🌕 (@stablekwon) December 8, 2022
It stays to be seen if Kwon’s accusation of Alameda really has any benefit to it. Nevertheless, the Terra founder ends his Twitter thread with “What’s achieved in darkness will come to mild.” Kwon has additionally maintained all through the months that he’s not on the run, despite the fact that South Korean authorities say he’s. He at the moment has an energetic arrest warrant out on him in his house nation.