Korean authorities confirm search for Do Kwon

Korean officers traveled to Serbia final week seeking Do Kwon, based on Bloomberg.

The Prosecutor’s Workplace in Seoul confirmed {that a} delegation — together with a member of the Justice Ministry — had made the journey, based on the Bloomberg report.

Authorities are looking for Do Kwon over the $60 billion collapse of the Terra ecosystem, based on the report. The co-founder of Terraform Labs faces a number of allegations of wrongdoing, together with siphoning customers’ funds and utilizing shell firms to evade taxes.

Chatting with the Unchained Podcast in October 2022, Do Kwon mentioned cryptocurrencies will not be securities and fall exterior authorities’ jurisdiction.

Throughout the interview, he neither confirmed nor denied residing in Singapore — the place Terraform Labs is included. When pushed additional on his whereabouts, Kwon refused to reply the query.

Intelligence factors to Serbian location

In September 2022, Korean officers issued an arrest warrant for Do Kwon on costs of breaching the Capital Markets Act (CMA). Rumors had been that he was on the run and had already fled Singapore at the moment.

On Nov. 3, 2022, Kwon shot down discuss of hiding by tweeting about an up-and-coming meetup. He signed off by inviting cops to affix. In a follow-up tweet, Do Kwon mentioned he would pay for attendees’ airplane tickets. “Show up in case you dare,” he wrote.

“Alright sick throw a meetup/convention quickly to recover from this in hiding bs

Cops from world over welcome to attend”

It was thought Do Kwon had traveled to Dubai from Singapore, then to Serbia.

South Korea and Serbia do not need an extradition treaty. Nonetheless, the 2 international locations have cooperated previously below the European Conference on Extradition.

Is the online closing in on Do Kwon?

The frequency of Do Kwon’s tweets has reached a noticeable low.

His most up-to-date tweet — dated Feb. 1 — was a response to the founding father of BlockTower Capital, Ari Paul, who requested if the stolen cash had been returned.

Do Kwon replied:

“I discover that Twitter is an effective place for rumors however poor place to get info

I’ve stolen no cash and by no means had “secret cashouts” – pleased to handle particular allegations

In any case, good day to you“

Do Kwon’s rumored location in Serbia has been public information since December 2022. Questions come up as to why the Korean delegation made the journey final week.

Aside from confirming {that a} celebration arrived in Serbia, officers declined to remark additional.