South Korean Authorities Searched for Do Kwon in Serbia (Report)

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.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 68,413.33 0.97%
Ethereum (ETH) $ 2,429.11 1.74%
Tether (USDT) $ 0.999648 0.09%
BNB (BNB) $ 557.60 0.76%
Solana (SOL) $ 160.13 1.86%
USDC (USDC) $ 1.00 0.08%
XRP (XRP) $ 0.507399 0.19%
Dogecoin (DOGE) $ 0.162206 6.78%
Lido Staked Ether (STETH) $ 2,428.77 1.68%
TRON (TRX) $ 0.162779 1.58%