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Terra Luna Founder Do Kwon Denies Hiding after turning into a Fugitive

Founder of the company Terraform Labs Do Kwon is known to be on Interpol’s wanted list. An arrest warrant or red notice for Do Kwon was issued after it was reported that he had run away and his whereabouts are unknown.

Although reportedly running away, Do Kwon is still active on social media. In fact, as quoted from the Financial Times, Wednesday (28/9/2022), through his social media account, Do Kwon said that he did not try to hide at all.

He also said, he still goes for walks and to the mall. Through uploads on social media, he is currently still writing code in his living room.

This post seems to answer a previous report that said Do Kwon was the most wanted figure by law enforcement around the world.

According to the Interpol website, a Red Notice is an official request letter to law enforcement in various countries to find and temporarily arrest a person.

Later, after being caught, the perpetrator or fugitive will wait for the extradition process or other legal action.

For information, the South Korean Court issued a two-week arrest warrant for Do Kwon for violating capital market laws. Reportedly, he is known to be in Singapore at this time.

Kwon along with Terraform Labs co-founder Daniel Shin, are the key people behind the TerraUSD algorithmic stablecoin.

At launch, the stablecoin was once the ninth largest asset in the industry by market cap, and its sister token Luna.

Previously, the Terra ecosystem was destroyed in May this year, resulting in huge losses in the crypto market with more than USD 40 billion.

In just a matter of weeks, investors’ wealth was wiped out with nothing left. Previously, South Korean prosecutors issued an arrest warrant against Kwon on September 14.

They also asked the finance ministry to cancel his passport, followed by Interpol’s request to issue a red notice against Do Kwon.

According to South Korean prosecutors, Kwon left for Singapore in late April, but his whereabouts remain unclear.

Singapore police said earlier this month he was not in the country.

The last time Kwon appeared on social media was on September 17, 2022, when he took to Twitter to say he wasn’t on the run or anything similar.

He also briefly said to every government agency that has shown an interest in communicating and has nothing to hide.

 

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