By George Ward
Reports from South Korea have revealed that the Co-Founder of Terra – Do Kwon is secretly hiding in Serbia. Hence, South Korea is now trying to collaborate with the Serbian government to reveal Kwon’s exact whereabouts.
Reports from several South Korean Media Outlets have been unanimous, and they all revealed that the controversial figure is currently hiding in Serbia. Do Kwon has been hiding in various places since the fall of Terra. Several lawsuits have been filed against him, and he is being investigated by multiple law enforcement agencies worldwide.
Individuals on the lookout for the arrest of Do Kwon said that he is seriously trying to outsmart various law enforcement agencies. According to reports, Kwon fled to Serbia through Dubai after hiding in Singapore for a while.
South Korea’s ministry of justice and criminal investigations has requested cooperation with Serbia law enforcement agencies. Will Serbia Surender Do Kwon for prosecution in South Korea?
There is currently no such bilateral agreement between the two countries that forces Serbia to release Kwon to the South Korean government. Meanwhile, Authorities have invalidated Do Kwon’s passport, which makes it unlikely that he can cross to another country from Serbia.
However, authorities are not ruling out the possibility that he might have gotten a way to escape to other countries close to Serbia. The media outlets believe Kwon has been changing from one location to another to outsmart law enforcement organizations.
Do Kwon has said in some of his recent tweets that he is not on the run from any form of investigation. Meanwhile, the Terra network co-founder is on the criminal list of South Korean authorities who have declared him wanted.
Unexpected Events
The fall of the Terraforms lab and the removal of Do Kwon as the network’s co-founder were two unexpected events in the crypto industry this year that no one could have predicted. Another relevant occurrence is the fall of FTX.
Law enforcement agencies in the US are also looking to find out if Sam Bankman-Fried was involved in the collapse of Terra. It will be an explosive discovery if authorities can prove that the former FTX boss is also responsible for Terra’s challenges in the months leading to its collapse.
If true, it will be two of the most tragic events in Crypto history. Do Kwon has pointed to Genesis and SBF as the leading cause of the problems faced by Terra that eventually led to its collapse on May 7, 2022.
Do Kwon tweeted on December 8 that what has been done in darkness by SBF and Genesis Trading will eventually be known to the public with time. Although Do Kwon is currently on the run and officials are still investigating his case, the Terra community has been trying to rescue the payment platform.
Their first step has been to remove Kwon’s name as the network’s co-founder. The collapse of FTX and the Terra network have contributed in no small part to the current crypto winter affecting the crypto market.