Authorities in South Korea have tracked Terra’s founder Do Kwon to an unknown hideout in Serbia. Kwon has been on the run since the Luna Crash in May, evading all forms of prosecution.
Kwon Traced To Serbia
Do Kwon, the once-invisible fugitive who was on the run following the Luna crash in May 2022, has now been tracked down to Serbia. Do Kwon has been on the run since the crash, which cost investors millions of dollars and shattered the crypto market.
The South Korean authorities who provided this information about his location have asked the Serbian government to cooperate and join forces in order to apprehend this alleged criminal who is widely suspected of being the mastermind behind the Terra Luna Crash.
Do Kwon has been on the Interpol red notice since the beginning of the crash incident, and only rumors about his whereabouts have circulated, with reports of him being in Europe. However, authorities have not yet determined his current location.
Kwon Still On The Run
According to this latest discovery, Kwon has relocated to Serbia to continue this escapade. It was previously circulated that Kwon was residing in Singapore—the once crypto-friendly country—but after the interpol and authorities tightened their investigations, there was no trace of him.
Information obtained from this intel reveals he currently resides in the landlocked Balkan nation of Serbia, but his exact location has not been determined.
According to a local news agency, Kwon moved to Serbia last month and was able to avoid officials by disguising himself as a prosecutor in Seoul.
The collapse of Terra in May shattered the crypto space and market, denying and robbing investors of their funds as the stablecoin(Terra/Luna) pegged to a dollar lost value and went down the drain.
That was a terrible time for cryptocurrency investors as it took a heavy toll on the market.
Following this incident, the 31-year-old Terra founder, Do Kwon has been on the run in order to avoid any penalties related to the failure of his company.
Kwon, on the other hand, has not remained silent on the matter, stating that he had no involvement in the Terra collapse and, ironically, that he was not hiding from the authorities or anyone.
He has, however, maintained contact with the general public via his Twitter account.
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