Page 17 - Do Kwon News Today

On Monday, the Seoul Southern District Prosecutors Office said that it had started the process of placing Kwon on Interpols red notice list since he has not cooperated with the investigations.

Last week, the South Korean prosecutors sent a request to Singapores Foreign Ministry to revoke Kwons passport.

Do Kwon, the wanted South Korean founder of the failed cryptocurrency Terra, denied he was on the run after the Singapore police said he was not in the city-state as had been believed.

SINGAPORE, Sept 18 — Do Kwon, the wanted South Korean founder of the failed cryptocurrency Terra, denied today he was on the run after the Singapore police said he was not in the...

Do Kwon had founded cryptocurrencies Terra and Luna, whose collapse wiped out billions of dollars for his investors. He is now a wanted man, and his location remains unclear.

Stablecoins, pegged to fiat currencies such as US dollar or gold, were touted as an alternative to protect investors from volatile crypto markets.

Do Kwon, the founder of the collapsed Luna and TerraUSD tokens, said he’s not "on the run” hours after Singapore police stated he was no longer in the country.

The man behind Terra is wanted by South Korean authorities and is not in Singapore, but tweeted that he's not hiding.

It was only a few days ago when Luna Classic saw its price skyrocket to over 480%.

Authorities trying to establish Do Kwon’s whereabouts over currency fallout that sparked over US$500 billion in losses.