Cryptocurrency

Terra LUNA founder Do Kwon left Singapore and went on the run — media

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Terra LUNA founder Do Kwon, the chief ideologist and co-founder of the collapsed cryptocurrency ecosystem, has gone on the run. The Singapore newspaper Lianhe Zaobao writes about it, citing law enforcement officials.

The police did not specify where Kwon had flown to, but confirmed in a commentary to the media that the Terra creator had left Singapore. On his Twitter page, Kwon denied reports that he had gone on the run.

Kwon says he is cooperating with all government agencies that want to communicate with him. Kwon decided to close his comments to the tweet.

Meanwhile, the South Korean prosecutor’s office said in a comment to Yonhap News Agency that Kwon is “obviously on the run” and is not cooperating with the investigation. Today we’re talking about the arrest of Terra’s founder and CEO. Sources in South Korea’s law enforcement agencies say that Kwon made it clear through his legal representatives back in August that he did not intend on cooperating with the prosecutor’s office and giving evidence. South Korean authorities are now trying to establish the whereabouts of Terra’s head.

A South Korean court had earlier issued an arrest warrant for Do Kwon and five other representatives of the company, including Terraform Labs co-founder Nicholas Platyas and company employee Han Mo. Also, South Korean law enforcement authorities want to have the foreign passport of Kwon’s founder revoked and have already filed a corresponding request with the Foreign Ministry.

At the end of June 2022, South Korean authorities banned Terra developers from leaving the country. A month later, the Korean Ministry of Justice approved a request from the Seoul Prosecutor’s Office to restrict Terra founder Do Kwon’s freedom of movement if he ended up in the country.

Earlier we reported on what to know about Cardano hard fork and how to prepare them.

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