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HomeCrypto NewsTerra Founder Do Kwon Has Been Discovered Hiding in Serbia

Terra Founder Do Kwon Has Been Discovered Hiding in Serbia

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The crypto-verse has been preoccupied with bears and the disappearances of failed project founders. Terra’s demise occurred several months ago, but it is still very relevant. With the project’s co-founder, Do Kwon, on the run, many people continue to seek justice. It appears that justice will be served soon, as South Korean authorities have located Kwon.

Kwon’s global manhunt took several twists and turns. From Singapore to Dubai, rumors about the Terra creator’s whereabouts had been circulating. Kwon is now confirmed to be residing in Serbia.

According to a recent Chosun Media report, South Korean authorities received information about the same. An official said,

“Recently, we obtained intelligence that CEO Kwon was in Serbia, and it was found to be true.”

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According to reports, the South Korean Ministry of Justice is seeking investigative assistance from the Serbian government.

While it is unknown why the Terra co-founder moved to Serbia, he reportedly flew there last month. The community assumed he left Singapore in September and then relocated to Dubai. Dubai was most likely a stopover on the way to Kwon’s final destination, Serbia.

It should be noted that Interpol issued a “red notice” by Kwon in September. South Korean authorities recently ordered him to surrender his passport. While the deadline had passed, the government decided to revoke his passport.

Related Article: Do Kwon Laughs at Martin Shkreli’s “Jail Is Not That Bad” Comment, Deaton Responds

Is Do Kwon Facing Prison Term?

On September 14, the Financial and Securities Criminal Unit of the Seoul Southern District Prosecutor’s Office issued an arrest warrant for Terra’s creator. This was issued due to his disregard for the country’s capital market laws.

Even though the South Korean government is seeking Kwon’s extradition, the process could be lengthy. South Korea is said to have signed bilateral extradition treaties with 31 countries. Serbia, on the other hand, is not one of them.

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