Coinspeaker
South Korean Authorities Say Former Terra Boss and Now Crypto Fugitive Is in Serbia
A recent report from South Korea’s prosecutors’ office says Do Kwon, the former co-founder, and CEO of Terra, now lives as a crypto fugitive in Serbia. The one-time crypto billionaire has been on the run since the Seoul Southern District Prosecutor’s Office’s Financial and Securities Criminal Unit issued an arrest warrant against him. According to the unit, Kwon provided false information to TerraUSD and Luna token investors in September 2022. The aftermath of Kwon’s action resulted in the wipeout of over $60 billion from the crypto market.
In an interview with Chosun Media, a representative of the investigation team said:
“Recently, we obtained intelligence that CEO Kwon was in Serbia, and it was found to be true.”
Further reports indicated that the Terra crypto fugitive wants to cooperate with the authorities from Serbia. Before the crash of his crypto platform, Kwon moved
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