Terra Co-Founder Do Kwon Allegedly Hiding In Serbia

blockchain.news:

In order to send Kwon back to South Korea so that he may face charges there, South Korean officials have made a request for assistance from the government of Serbia.

Do Kwon, the controversial founder and CEO of Terraform Labs, has been on the run since leaving Singapore in September, and the search for him continues throughout the world. Authorities in South Korea now believe that he is in Serbia, but they are not certain.

Chosun Media published a story on December 11 stating that South Korean police followed a tip-off concerning Do Kwon's whereabouts saying that he is currently in Serbia and have been able to corroborate it. An official was quoted as saying to the site, «Recently, we acquired intelligence that CEO Kwon was in Serbia, and it was proved to be accurate.» [C]ompany CEO Kwon was in Serbia.

In addition to this, the report claims that the Ministry of Finance of South Korea «is in the process of asking assistance from the government of Serbia» as part of the inquiry that is now underway.

Since Terra's collapse, the police in South Korea have been looking for Do Kwon, but they haven't had a lot of success in locating him until recently.

It was believed that the 31-year-old relocated to Singapore near the end of April, only a few days before the abrupt collapse of the Terra environment.

Kwon was issued a warrant for his arrest on September 14 by the Financial and Securities Criminal Unit of the Seoul Southern District Prosecutor's Office. The order was issued because it is believed that Kwon violated South Korean rules pertaining to the capital markets.

It was not long after that when, on September 26, it was revealed that Interpol had issued a «Red Notice» on Kwon.

However, as of the 11th of December, Do Kwon