South Korean cryptocurrency developer Do Kwon on Sunday said he is not on the run for any government agency. Kwon is currently wanted by his home country over the crash of Terra sisters USD and old Luna that eroded a whopping $40 billion of investors' wealth in mid-May. Since the collapse of old Terra tokens, Kwon faced multiple lawsuits from investors in many major countries. Kwon denied the rumours of being on the run and instead said his company is in the process of defending itself over jurisdictions.
Through his Twitter account, Do Kwon said, "I am not “on the run" or anything similar - for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide."
However, Kwon did not reveal any details of his whereabouts.
On Wednesday, a South Korean court issued an arrest warrant for the CEO of Singapore-based Terraform Labs.
Kwon said, "We are in the process of defending ourselves in multiple jurisdictions - we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months."
We are in the process of defending ourselves in multiple jurisdictions - we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months
On Saturday, the Singapore Police Force (SPF) in an email response to an AFP query said, Kwon, is currently not in Singapore. In a brief statement, SPF said they will assist the Korean National Police Agency (KNPA) within the ambit of our domestic legislation and international obligations.
Earlier, Singapore's Straits Times newspaper mentioned that Kwon apparently applied to renew his Employment Pass (EP), which expires on Dec 7, but
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