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 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.