It is reported that a group of South Korean officials arrived in Serbia last week in search of the notorious Do Kwon.
31-year-old has been at large since her terra blockchain protocol collapsed. Its native token – luna – and algorithmic stability – ust – dropped to near zero last year, affecting many investors and the cryptocurrency market as a whole.
- As covered by Bloomberg, a team of South Korean authorities, along with a senior Justice Ministry official, visited the Balkan country a week ago after arising rumors that Do Kwon is hiding there.
- The prosecutors’ office in Seoul later said the reports that Terra’s Co-Founder could be hiding there “aren’t false.”
- Kwon’s whereabouts have been a mystery during the past several 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, alleging he had a connection to Terra’s fallout. The event resulted in significant financial losses for several investors, including suicide.
- The global organization that fights international crime – Interpol – also joined the hunt, ordering a red notice on him in September. It requires law enforcement officers around the world to cooperate and stop the fugitive if they detect it.
- Kwon, who has recently kept a low profile on Twitter, promised to reveal his whereabouts in November. In fact, he said that the police were welcome.
- However, no specifics have yet been provided.