Main navigation

Here’s Where Terra’s Do Kwon Might Be Hiding

Fri, 4/11/2022 - 18:57
Here’s Where Terra’s Do Kwon Might Be Hiding
Cover image via
Read U.TODAY on
Google News

Terra co-founder Do Kwon might be hiding in Europe, according to South Korean prosecutors


Prosecutors have gathered sufficient evidence to suggest that the company behind the failed blockchain was involved in market manipulation. They obtained text messages that were exchanged between Kwon and his staff at Terraform Labs.

In fact, a Prosecutor's Office official said that Kwon was in charge of price manipulation. However, the entrepreneur’s representative has denied those allegations.  

Kwon’s passport has been revoked by South Korea’s Ministry of Foreign Affairs as of this Friday.  

At the same time, Kwon continues to deny being in hiding in a recent tweet. In fact, he says that he will throw a meetup in order to disprove mounting allegations, but this appears to be just another attempt at gaslighting. 

Solana (SOL) Is Having Terrible Year, Data Shows

South Korean authorities insist that Kwon is “obviously on the run.”

In mid-September, Kwon was slapped with an arrest warrant. Shortly after that, Interpol reportedly issued a red notice (an international arrest request known). 

In turn, Terraform Labs accused South Korean prosecutors of overextending their authority. Kwon himself implied that the case could be politically motivated. The company claims that Luna, the failed cryptocurrency backed by Terraform Labs, is not covered by the country's securities laws since it is not a security.  

Terra, which was one of the biggest projects in crypto, imploded in May, leaving many investors in the dust. 


Latest Press Releases

ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
Our social media
There's a lot to see there, too

Popular articles