According to new reports, Do Kwon is a fugitive Terraform The CEO of Labs is currently in Serbia. The report added that the South Korean government is engaging with the Serbian government on the matter. Kwon, meanwhile, has accused Sam Bankman-Fried and Alameda Research of orchestrating the events that led to the “depeg” of Terra’s once-stable cryptocurrency, UST.
Do Kwon seeks help in Serbia
According to South Korean online publication Chosun, he is wanted for providing false information to investors. He Do Kwon, CEO of Terraform Labs, lives in Serbia. The report added that Seoul’s Justice Ministry is now seeking help in investigating the Serbian government’s allegations.
They are reportedly investigating.
Kwon’s recent whereabouts came just months after it was reported that he was in Singapore. However, these reports were later rejected by the Singapore Police, who pledged to assist the Korea National Police Agency (KNPA) “within the limits of domestic law and international obligations.” Kwon, who continues, previously denied reports that he was on the run. But that didn’t stop a South Korean court from issuing an arrest warrant for him. Global law enforcement agency Interpol urges law enforcement agencies worldwide to locate and provisionally arrest persons pending extradition, extradition, or similar legal action. issued a notice. I think it’s time for
@GenesisTrading to reveal if he offered $1 billion UST to SBF or Alameda just before the crash – from LFG The purchase was represented as a stemming out of “interest in participating in the Terra Defi ecosystem” – not providing ammunition to peg attacks
— Do Kwon 🌕 (@stablekwon) 2022 December 8, 2019
Kwon slams UST Depeg’s Sam Bankman-Fried
It seems to suggest that Alameda Research may have orchestrated the attack that led to the downfall of stablecoin UST.
“I think it’s time for Genesis Trading to clarify whether it provided SBF [Sam Bankman Freed] or Alameda with $1 billion of UST just before the crash.” The purchase is an interest in participating in the Terra Defi ecosystem – not providing ammunition to peg attacks,” Kwon wrote.
Kwon also asked why Alameda borrowed BTC from Voyager, but said it coincided with the “Depeg date.” After arguing his claims against Sam Bankman Freed and Alameda Research, Kwon closes the thread by stating, “What was done in the dark will be revealed.”
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