Do Kwon Is Hiding out in Serbia According to S Korean Media Reports

Translated: https://www.reddit.com/r/CryptoCurrency/comments/zj6ipb/do_kwon_is_hiding_out_in_serbia_according_to_s/

Source: https://www.chosun.com/economy/stock-finance/2022/12/12/VXFAUH7R7BFSVCYDEM7RNPRCXI/

It was reported on the 11th that Kwon Do-hyung (31), CEO of Terraform Labs, who caused the so-called “Luna incident” in which domestic and foreign investors suffered more than 50 trillion won in damages due to the collapse in the prices of virtual currencies Luna and Terra in May, is staying in Serbia.

Terraform Labs is the company that issued Luna and Terra. An official from the investigation authorities said, "Recently, we obtained intelligence that CEO Kwon was in Serbia, and it was found to be true." The Seoul Southern District Prosecutor's Office's Financial and Securities Crime Unit obtained an arrest warrant for Kwon on charges of providing false information to investors in September, and Interpol also issued a 'red wanted', the highest level of wanted arrest and repatriation. have.

It is known that the Ministry of Justice is in the process of requesting cooperation from the Serbian government in the investigation.

It is still unclear why CEO Kwon went to Serbia. It is known that the investigative authorities are looking into whether there is a special helper in Serbia. CEO Kwon recently denied most of the allegations in an interview with foreign media, and insisted on Twitter that “I am not running away.”