Page 12 - Do Kwon News Today

A string of enforcement actions, the latest involving the multibillion-dollar collapse of Terraform Labs, has put the chill on a recent Bitcoin rally.

As payment for his efforts in promoting the crypto business, the former TMON CEO allegedly received LUNA tokens from Terra, which he eventually sold.

Legal experts previously said that Serbia is a possible spot for Kwon since the country has no extradition treaty with South Korea and without this, prosecutors may have a hard time arresting the CEO.

Is Do Kwon short of funds?

Seven months into the controversial collapse of Terra, authorities are still investigating the reason behind the crash that led to the closure of a myriad of crypto businesses.

South Korean authorities indicate that Terra's Do Kwon, also wanted by Interpol, moved to Serbia but could now be in a neighboring country.

South Korean authorities followed a tip about Kwons whereabouts and were reportedly able to confirm the CEOs location in Serbia.

The Twitter owner has taken shots at targets like Dr. Anthony Fauci, the nation’s chief immunologist, in moves that may appeal to the right, but not advertisers.

"Whats done in darkness will come to light," Kwon said in a Twitter thread where he shared his thoughts on the report alleging Bankman-Frieds possible involvement in the Terra collapse.

TFL itself was behind the weakening of the decentralized stablecoins curve pool when it sold more than $450 million in UST in the weeks leading to the controversial implosion, said a crypto