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 could have situated the place the founder is presently 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 around the globe. Beforehand, authorities had mentioned that they believed that Kwon was in Dubai. Nevertheless, they now consider that the Terra founder made his solution to Serbia from Dubai final month.
Kwon presently has a purple discover him issued by Interpol, making him some of the wished individuals on the planet. However there is no such thing as a report of the founder really coming into Serbia on condition that his passport is presently invalid. Moreover, authorities are additionally trying on the risk that Kwon may have moved on from Serbia and could possibly 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 12 months for the only objective of avoiding any investigation into his involvement with the Terra collapse.
South Korean officers are reportedly within the strategy of working with the Serbian authorities to work out an extradition deal since there is no such thing as a extradition treaty between the 2 international locations. Nevertheless, each international locations are in settlement with the European Conference on Extradition.
LUNC value at $0.00016 | Supply: LUNCUSD on TradingView.com
Terra Founder Comes For FTX
With the collapse of the FTX crypto alternate, there have been many surprising 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 forex contraction that might finally result in the collapse of the community. In accordance 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 data at this level, however the massive forex 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 through 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 executed in darkness will come to gentle.” Kwon has additionally maintained all through the months that he’s not on the run, though South Korean authorities say he’s. He presently has an lively arrest warrant out on him in his house nation.
