Fugitive Do Kwon Now Staying in Serbia Report Says — Terraform Labs CEO Suggests SBF Is to Blame for UST Depeg – Regulation Bitcoin News

A brand new report has claimed that Do Kwon, the fugitive CEO of Terraform Labs, is at the moment staying in Serbia. The report added that the South Korean authorities has engaged the Serbian authorities relating to the matter. Meanwhile, Kwon has accused Sam Bankman-Fried and Alameda Research of orchestrating occasions that led to the “depeg” of Terra’s once-stable coin UST.

Do Kwon Getting Help in Serbia

According to South Korean on-line publication Chosun, Do Kwon, the CEO of Terraform Labs who is needed on expenses of offering false info to buyers, resides in Serbia. The report added that the justice ministry in Seoul is now in search of the Serbian authorities’s assist investigating the claims.

Authorities are additionally reportedly investigating the likelihood that Kwon is being assisted by somebody in Serbia.

The newest revelation of Kwon’s whereabouts comes just some months after experiences advised that he was in Singapore. However, these experiences had been later rebuffed by the Singapore Police Force which additionally promised to help the Korean National Police Agency (KNPA) “within the ambit of our domestic legislation and international obligations.”

Kwon, who stays lively on Twitter, has beforehand denied experiences he’s on the run. However, that didn’t cease a courtroom in South Korea from issuing a warrant for his arrest. The international legislation enforcement physique Interpol has issued a crimson discover, which is a “request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.”

Kwon Blames Sam Bankman-Fried for UST Depeg

Meanwhile, in his Dec. 7 Twitter thread, Kwon seems to counsel that Alameda Research could have orchestrated an assault which finally led to the downfall of the stablecoin UST.

“I think the time has come for Genesis Trading to reveal if they provided the $1B UST shortly before the crash to SBF [Sam Bankman-Fried] or Alameda – the purchase from LFG was represented as stemming from ‘interest to participate in the Terra Defi ecosystem’ – not to provide ammo for a peg attack,” Kwon wrote.

Kwon additionally queried why Alameda borrowed BTC from Voyager throughout a interval which he stated coincided with the “depeg dates.” After arguing his case in opposition to Sam Bankman-Fried and Alameda Research, Kwon ends the thread by stating that “what’s done in darkness will come to light.”

Tags in this story
Alameda Research, do kwon, Genesis Trading, Interpol crimson discover, Korean National Police Agency (KNPA), Law Enforcement, Sam Bankman-Fried, Singapore Police Force, terraform labs, UST depeg, voyager

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, creator and author. He has written extensively in regards to the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.

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