Do Kwon repeatedly affirmed that he did not run away from the Korean police despite constantly moving places to live.
Terraform Labs co-founder Do Kwon is facing charges from a South Korean prosecutor for making $60 billion in cryptocurrency ‘evaporating’.
On the afternoon of September 14, the Seoul Court issued arrest warrants for Do Kwon and five others on charges of violating capital market laws. However at that time all 6 individuals were in Singapore.
After the Terraform Labs ecosystem collapsed, Do Kwon moved to Singapore but insists he has no intention of running away.
By September 17, Singapore police said Kwon was no longer in the country. A few hours after the announcement, Kwon still maintained his stance not to run away and was willing to cooperate with the investigation.
Even so, Kwon refused to reveal his current address, and the Korean police were unable to locate him.
On the morning of September 26, the Korean side announced that Interpol had issued a global red notice to arrest Do Kwon.
In response to the wanted news, Do Kwon once again took to Twitter: “I didn’t try to run away. I still go for a walk and come to this mall.”
In May of this year, the collapse of the stablecoin TerraUSD caused the Terraform Labs ecosystem to lose about 45 billion USD in just one week, and also led to many other cryptocurrencies falling seriously in the past 4 months.
Before the TerraUSD shock, Do Kwon had a lot of fans. They call themselves Lunatics – inspired by the Luna coin, another coin in the Terraform Labs ecosystem that also collapsed a few months ago.
Not long ago, when asked about the possibility of jail time, Kwon told the press: “Life is long.”
In addition, Kwon also denied that Terra is a multi-level scam project. The 31-year-old businessman also identifies himself as one of the most damaged after the LUNA and TerraUSD crashes.
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