iHodl.com
Main page News, South Korea, Regulations, Terra

Disgraced blockchain entrepreneur Do Kwon is apparently hiding from South Korean authorities in Serbia as he might face charges over the $60 billion collapse of the Terra ecosystem, Bloomberg reports.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

Seoul's prosecutors said on Monday that reports about Kwon's relocating to a Balkan nation "aren't false." The reports also say that South Korean authorities have already reached out to Serbia for cooperation on the matter.

Terra's Do Kwon Becomes Top Wanted as Interpol Issues Red Notice

In October, reports said that Do Kwon used Dubai as a temporary shelter as he was still hiding from law enforcement. A group of 4,400 Terra's investors is also trying to find Kwon. Members of the group believe that the Terra founder might eventually be seeking a shelter in Russia, Azerbaijan or Seychelles.

Kwon has repeatedly denied accusations of hiding from South Korea's law enforcement. However, he's whereabouts remain unclear as he refused to reveal it for "security purposes."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.