Crypto

“I’m Not on the Run,” Says Do Kwon, Co-Founder of Blockchain Project Terra (LUNA) – Bitcoin Crypto Advice

But where is Do Kwon, co-founder of blockchain project Terra (LUNA), hiding since South Korean justice issued a warrant for his arrest.

Allegedly in Singapore, local police have confirmed to Reuters news agency that Do Kwon is no longer in the country and will help the South Korean authorities find him to stand trial in his country, who has many questions for him after the fall of the LUNA cryptocurrency and the UST stablecoin, which ruined thousands of people.

According to the Financial Times, the South Korean authorities have also decided to call on Interpol to issue a red notice with the aim of finding Do Kwon and arresting him so he can be extradited to his country to respond to requests for justice.

Faced with the pressure surrounding him after the media coverage of this warrant for his arrest, Do Kwon finally broke his silence on Twitter, declaring that he is not “on the run” and that he has nothing to hide in this case where justice has been served. now trying to get it.

“I’m not ‘on the run’ or anything like that – with any government agency that has expressed an interest in communicating, we are fully cooperating and we have nothing to hide.

We protect ourselves in multiple jurisdictions – we hold ourselves to an extremely high bar of integrity and look forward to clarifying the truth in the coming months. Do Kwon writes on his Twitter account.

Many investors who lost their money in LUNA cryptocurrency are accused of fraud. Do Kwon is certainly preparing his back before perhaps giving up soon: “We are in the process of being defended in multiple jurisdictions,” he rightly states in a tweet.

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In addition to Do Kwon, five others are wanted, including Nicholas Platias (founding member of TerraForm Labs), on charges that include violations of national capital markets laws.

As a reminder, the collapse of the LUNA cryptocurrency and the UST stablecoin resulted in a loss of about $42 billion in the crypto market, leaving many investors at straws who would now like to see Do Kwon stand trial.

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