South Korean Prosecutors: Do Kwon Left Singapore for Dubai Last Month


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South Korean Prosecutors: Do Kwon Left Singapore for Dubai Last Month

Source: Artem/Adobe

Do Kwon, the Co-founder and CEO of Terraform Labs, left Singapore final month for Dubai, South Korean prosecutors and police have claimed. But Kwon they are saying he has since left the United Arab Emirates – and is now in a “third” nation.

Per Maeil Kyungjae, the Seoul Southern District Prosecutors’ Office and the police power are actually working collectively to find out Kwon’s whereabouts.

They imagine that Kwon moved to a “third country” through Dubai – however might have sought to obfuscate or conceal his “record of entry” into his present location. Interpol has issued a Red Notice for Kwon, whereas South Korean prosecutors have issued an arrest warrant. The international ministry is presently within the means of voiding his passport.

The media outlet quoted officers as stating that they have been working with regulation enforcers in “neighboring countries” to the UAE to find out the Terraform boss’ location.

Ảnh Chụp Màn Hình 2022 10 20 Lúc 19.27.07

Terra Luna Classic (LUNC) 24-hour costs. (Source: CoinMarketCap)

Kwon has remained defiant on social media, claiming he’s “not on the run” and that he “goes to malls” in his present location – however has stopped in need of revealing his present whereabouts.

But the prosecution and the police wish to shut the web on Kwon. Prosecutors have claimed that it’s “evident” that Kwon is making an attempt to evade arrest.

Terra Luna Classic (LUNC) costs have been rising steadily over the previous few hours and the coin is presently up round 2.2% on the previous 24 hours.

If Kwon’s Not in Dubai…Where Is He?

Singaporean cops have beforehand confirmed that Kwon has left the nation – the place Terraform is headquartered. Kwon left South Korea for Singapore shortly after shuttering Terraform’s South Korean operations. Prosecutors say his household adopted shortly after.

Prosecutors are eager to be taught why Kwon moved to shut his South Korean companies so quickly earlier than the market crash in early May – when Terra ecosystem cash plunged, and the UST stablecoin misplaced its peg.

South Korean social media customers have claimed that Kwon is probably going “hiding” in a Southeast Asian location reminiscent of Cambodia or Myanmar. Others have theorized that he might have taken refuge on a yacht or in Russia.

The Financial Times reported {that a} group of disgruntled traders believes that Kwon continues to be in Dubai – and that one among their quantity will head out to UAE in an effort to trace down what the media outlet referred to as “the most wanted man in crypto.”

Compiled by Coinbold

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