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

After studies emerged indicating that South Korean authorities have issued an arrest warrant for Terra’s co-founder, he lastly broke the silence, claiming he’s cooperating with a number of world watchdogs.

At the identical time, Singaporean police mentioned Kwon shouldn’t be in the city-state regardless of multi earlier ideas that he was hiding there.

• CryptoPotato reported earlier this week when information got here out from South Korea that the authorities had issued an arrest warrant in opposition to the disgraced co-founder of the former crypto large.
• Later on, extra studies surfaced suggesting that a number of prosecutors had requested the revoking of his passport.
• The total notion in the crypto group was that Kwon was in hiding someplace in Singapore. However, these rumors have been debunked by the native police, according to Reuters.
• They mentioned in a press release that Kwon shouldn’t be in the city-state however vowed to help their Korean colleagues in finding him.
• Kwon, who has been fairly inactive on social media after the complete Terra fiasco, lastly spoke out late on Saturday.
• He asserted that solely sure folks have the proper to ask and find out about his location. Moreover, he claimed he was not on the run “or anything similar” as many suspected and that he and his group are literally “in the process of defending ourselves in multiple jurisdictions.”

We are in the strategy of defending ourselves in a number of jurisdictions – now we have held ourselves to an especially excessive bar of integrity, and sit up for clarifying the reality over the subsequent few months

— Do Kwon (@stablekwon) September 17, 2022