Page 13 - Do Kwon News Today

The majority of the Terra Classic community, however, were not happy with the courts decision since until now, authorities havent made any single arrest yet related to the collapse of the TerraUSD

The crypto executives whereabouts are still unknown and despite being on Interpols red notice list.

This is not the first time that South Korean authorities raided Shins property.

"While there have been multiple recent failures in crypto, it is important to distinguish between Terras case...and the failure of centralized custodial platforms," Kwon said.

Kwons refusal to disclose his location for safety and personal reasons was not received well by the cryptocurrency community and people who lost millions because of the Terra collapse.

Despite all the allegations, Kwon has repeatedly denied that the project was a fraud.

The countrys lack of regulations is reportedly paving the way to arguments on how the Terra and Kwons cases should be handled.

The hunt is ongoing.

Where in the world is Terraform Labs CEO and co-founder Do Kwon?

Do Kwon reportedly left Singapore last month and is believed to be in Dubai.