South Korean Prosecutors Believe Do Kwon is in Europe

  • South Korean prosecutors believe Do Kwon ordered his team to manipulate Terra’s price.
  • A local report claimed Kwon is currently in Europe as an illegal immigrant.
  • Do Kwon has maintained his innocence against all allegations and keeps an active social media presence.

South Korean prosecutors have released statements claiming disgraced Terra founder Do Kwon is living in Europe as an illegal immigrant. Local news platform KBS News reported that Kwon’s exact location remains a mystery.

A Terra whistleblower, Fatman, disclosed Do Kwon’s whereabouts in a Twitter post as the 30-year-old continued to evade his pending arrest. Fatman has published several shocking posts about Kwon and his alleged illegal activities leading to Tera’s collapse.

Evidence continues to emerge in the Terra saga that shows that Kwon and his team manipulated the LUNA’s market price. Kwon and his team have been accused of violating the Capital Markets Act. An official of the South Korean Prosecutors’ office told KBS News,

I can’t reveal the details, but it was a conversation history where CEO Kwon specifically ordered price manipulation.

Despite the heavy allegations facing Do Kwon, the Terra founder has continued to insist on his innocence. Regional Korean prosecutors are working on Kwon’s capture. The 31-year-old South Korean has continued to disprove claims that he is hiding from authorities, telling his followers that he is “making zero effort to hide.”

Korean authorities reportedly claimed to have seized $40 million in assets belonging to the embattled Kwon. The funds were reportedly kept on the Kucoin and Okex exchanges. But Kwon denied using both platforms.

Kwon has maintained an active presence on social media, but the KBS report believes the crypto developer cannot travel legally and now resides in Europe as an illegal immigrant. According to the piece,

Do Kwon is now an illegal immigrant, wherever he is, in any country, and he cannot travel legally between countries.

Although Kwon’s country of residence has been identified, it is unknown if law enforcement has knowledge of his exact whereabouts or is capable of making an arrest. The Terra founder is currently wanted in many nations after Interpol issued a red alert for his whereabouts and arrest on September 25.

Lawrence Woriji
Lawrence Woriji Verified Author

I have covered some exciting stories in my career as a journalist and find blockchain-related stories very intriguing. I believe Web3 will change the world and want everyone to be a part of it.

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