Terra Co-Founder Do Kwon Claims He’s Not on the Run

Read full article at CryptoPotato.

After reports emerged indicating that South Korean authorities have issued an arrest warrant for Terra’s co-founder, he finally broke the silence, claiming he is cooperating with several global watchdogs.

At the same time, Singaporean police said Kwon is not in the city-state despite multi previous suggestions that he was hiding there.

  • CryptoPotato reported earlier this week when news came out from South Korea that the authorities had issued an arrest warrant against the disgraced co-founder of the former crypto giant.
  • Later on, more reports surfaced suggesting that several prosecutors had requested the revoking of his passport.
  • The overall perception in the crypto community was that Kwon was in hiding somewhere in Singapore. However, these rumors were debunked by the local police, according to Reuters.
  • They said in a statement that Kwon is not in the city-state but vowed to assist their Korean colleagues in locating him.
  • Kwon, who has been quite inactive on social media after the entire Terra fiasco, finally spoke out late on Saturday.
  • He asserted that only certain people have the right to ask and know about his location. Moreover, he claimed he was not on the run “or anything similar” as many suspected and that he and his team are actually “in the process of defending ourselves in multiple jurisdictions.”

The post Terra Co-Founder Do Kwon Claims He’s Not on the Run appeared first on CryptoPotato.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency