A group of South Korean officials reportedly arrived in Serbia last week to look for the infamous Do Kwon.
The 31-year-old has been on the run since the collapse of his blockchain protocol Terra. The latter’s native token – LUNA – and algorithmic stablecoin – UST – plunged to essentially zero last year, affecting numerous investors and the entire cryptocurrency market.
As covered by Bloomberg, a team of South Korean authorities, along with a senior Justice Ministry official, visited the Balkan country a week ago after arising rumors that Do Kwon is hiding there.
The prosecutors’ office in Seoul later said the reports that Terra’s Co-Founder could be hiding there “aren’t false.”
Kwon’s whereabouts have been a mystery during the past several months, with Dubai, Singapore, Mauritius, and Seychelles being some of the possible destinations.
The South Korean Ministry of Justice issued a notice upon arrival to him last summer, alleging he had a connection to Terra’s fallout. The event prompted significant financial losses to multiple investors, and some even committed suicide.
The global organization that fights international crime – Interpol – also joined the hunt, ordering a red notice on him in September. This requires law enforcement agents worldwide to collaborate and arrest the fugitive should they detect him.
Kwon, who has recently kept a low profile on Twitter, promised to reveal his whereabouts in November. He even said police officers are welcome to attend the meetup.
Nonetheless, he has still not shed any details.
The post South Korean Authorities Searched for Do Kwon in Serbia (Report) appeared first on CryptoPotato.
