The hunt for Terra founder Do Kwon has been occurring for months because the community collapsed. South Korean authorities proceed to look, and have already gone as far as to invalidate Kwon’s passport, however he stays elusive. and is reportedly working with the Serbian authorities to convey him again to South Korea.
Is Do Kwon in Serbia?
South Korean prosecutors seem like chasing Do Kwon around the globe. Authorities had beforehand stated they believed Kwon was in Dubai. However they now consider the Terra founder left Dubai for Serbia final month.
Kwon now has a purple discover issued by Interpol, making him one of the crucial needed folks on the planet. Nonetheless, provided that his passport is now invalid, there is no such thing as a report of the founder really coming into Serbia. Authorities are additionally contemplating the likelihood that Kwon had moved from Serbia and was hiding in a neighboring nation.
Regardless of this, South Korean authorities proceed to pursue the founding father of Terraform Labs (TFL). The Seoul Southern District Public Prosecutor’s Workplace has suspended the statute of limitations in Dokwon’s case, in keeping with experiences. They consider Dokwon fled the nation earlier this yr for the only real goal of avoiding investigation into his involvement within the collapse of Terra.
South Korean authorities are reportedly within the means of working with the Serbian authorities to conclude an extradition settlement.
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Terra Founders Come to FTX
There have been many stunning developments following the collapse of the FTX cryptocurrency alternate, certainly one of which is the truth that founder Sam Bankman-Fried is beneath investigation for alleged market manipulation. Afterwards, Do Kwon shared his ideas on this on Twitter.
and multiple tweet threadsTerra founders have accused FTX sister firm Alameda of beginning a contraction of the UST forex that will finally result in the collapse of the community. You will have bought UST and exhausted UST’s curve pool.
Whereas that is pretty frequent data at this level, the large forex contraction skilled by the UST in February 2021 might have prompted Alameda to promote 500mm of UST in minutes throughout the MIM disaster to construct a curve pool. It began after I let it drain.
— Do Kwon 🌕 (@stablekwon) December 8, 2022
Whether or not Kwon’s accusations towards Alameda even have any advantage to it stays to be seen. Nonetheless, Terra’s founder ended the Twitter thread by saying, “What was executed at the hours of darkness will come to mild.” Kwon additionally claims he has not fled for months regardless of South Korean authorities saying he’s on the run, and he now has an arrest warrant legitimate in his house nation. I am right here.