Do Kwon, Infamous Co-Founder Of Terra Takes To Twitter
Do Kwon, the infamous Co-Founder of the Terra ecosystem which had completely collapsed earlier on in the year and for whom the Singapore Police Force recently issued an arrest warrant, is currently the most wanted man in crypto.
Kwon and five of his associated were named in an arrest warrant issued by South Korean prosecutors. He was primarily responsible for the creation of two cryptocurrencies, the demise of which shocked the global cryptocurrency markets and caused a widespread crash.
Terraform Labs, the blockchain platform that Do Kwon had co-founded, was accused of fraud by its investors shortly after the companys demise. Moreover, for what seems like the longest time, the Seoul Prosecutors Office claimed that both Kwon and the others who were accused of violating capital markets law were indeed all in Singapore.
Do Kwon took to Twitter shortly after the local police issued a statement, claiming he has nothing to hide and is in fact willing to cooperate with government agencies. However, his exact current whereabouts remain unknown at the moment.
After the collapse, a thorough investigation and public outcry in South Korea resulted in the arrest warrant. As per Elliptic, a blockchain analytics startup, global investors in LUNA and TerraUSD lost a total of $42 billion.
Kwon recently tweeted that he is not on the run or anything similar, however he did not specify where he was. Nevertheless, he assured the government that both he and his associates would be fully cooperative and shall not hide anything from any agency that has shown an interest in communicating with them.
Top News
2 months ago
2 months ago
2 months ago
2 months ago
2 months ago
3 months ago
3 months ago
3 months ago
3 months ago
3 months ago
3 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.