On Thursday, November 3, 2022, the local report was , South Korean prosecutors said they found evidence that Do Kwon and his associates manipulated the price of LUNA, Terra’s native crypto token. The report also says South Korean prosecutors believe Kwon is hiding in Europe.
Local reports allege South Korean prosecutors have evidence that Dokwon ordered associates to manipulate the price of Luna
A report published by KBS News stated that -Terra blockchain project creator Do Kwon is currently in Europe. The news was discovered by a Terra whistleblower known as Fatman. Fatman is the one who, over the past few months, has made public the damning allegations against Kwon and his Terraform Labs associates.
“South Korean prosecutors obtained private conversations between Do He Kwon and his employees and issued orders to manipulate Luna’s market price,” said Fatman. he wrote on Twitter on November 3, 2022. We have also confirmed that he is currently residing in Europe as an illegal immigrant.
Fatman further shared a KBS News article he summarized the same news the whistleblower described in the tweet. Lee Do-yoon, a senior official at South Korea’s public prosecutor’s office, told a KBS News reporter: .
Reports say, “Do Kwon is now an illegal immigrant.”
The news is that his $40 million cryptocurrency has been allegedly frozen by South Korean authorities. It follows that the property has been reported. The assets are reportedly derived from his Kucoin and Okex cryptocurrency exchanges. However, Kwon denied the seizure was his money and said he did not use these trading platforms. Kwon has repeatedlyandtold the public that he has made “no effort to hide”.
Kwon also tweeted on November 3, 2022, “Oddly enough, the last few weeks have been one of the most creative times of my life.” was,” he said. A KBS News article authored by Lee Do-yoon said Kwon may have been hiding in Dubai, but he is staying illegally in the area.
“Do Kwon is now an illegal immigrant wherever he is, in any country, and cannot legally move between countries,” said Lee Do-Yoon in his KBS News editorial. The translation explains.
In addition to the KBS News report, South Korean prosecutors claim to have evidence against Kwon, Terra co-founder and Luna Foundation Guard (LFG) member Nikolaos Alexandros Platias. In aclass action lawsuitthat names such parties as;
The lawsuit originates from Singapore, where the plaintiff seeks damages of $57 million. The lawsuit stems from his 359 multinational investors who claim they are suffering financial hardships from the collapse of Terra’s cryptocurrency ecosystem.
The class action lawsuit against Kwon and his associates is led by Australia-based Julian Moreno Beltran and Singapore-based Douglas Gunn. Additionally, cryptocurrency project Capalto Finance recently unveiled the idea of creating a “soft-pegged stablecoin” built on the Terra blockchain.
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