A group of South Korean officials reportedly arrived in Serbia last week to search for the infamous Do Kwon.
The 31-year-old has been on the run since the collapse of his Terra blockchain protocol. The latter’s native token, LUNA, and algorithmic stablecoin, UST, plummeted to near zero last year, affecting numerous investors and the entire cryptocurrency market.
As covered Per Bloomberg, a team of South Korean authorities, along with a senior Justice Ministry official, visited the Balkan country a week ago after rumors surfaced that Do Kwon is hiding there.
The prosecutor’s office in Seoul later said that the reports that the co-founder of Terra could be hiding there “are not fake”.
Kwon’s whereabouts have been a mystery for the past few months, with Dubai, Singapore, Mauritius and Seychelles being some of the possible destinations. The South Korean Ministry of Justice issued a notice upon arrival to him last summer, claiming he had a connection to the aftermath on Terra. The event caused significant financial losses for multiple investors, with some even committing suicide.
The global organization that fights international crime, Interpol, also joined the hunt, sorting out a red notice on him in September. This requires law enforcement officers around the world to collaborate and arrest the fugitive if they are detected.
Kwon, who recently kept a low profile on Twitter, vowed to reveal his whereabouts in November. He even said that police officers are welcome to attend the meeting. However, he has not yet released any details.
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This post South Korean authorities searched for Do Kwon in Serbia (Report)
was published first on https://cryptopotato.com/south-korean-authorities-searched-for-do-kwon-in-serbia-report/
