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Crypto fugitive Do Kwon said to be hiding in Europe, mocks ‘cops from world over’ in series of tweets

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The chief executive officer (CEO) of Terraform Labs Pte. Ltd. Kwon Do-hyung, or Do Kwon, said with more than a hint of sarcasm on his verified Twitter handle that he will reveal his whereabouts soon.

“Alright I’ll throw a meetup/conference soon to get over this in hiding bs … Cops from world over welcome to attend” Kwon wrote on Twitter early morning on Friday, Asia time. 

In a followup tweet, Kwon left what appears to be a barbed comment towards South Korean prosecutors: “For those of you that have been spreading falsehood on the taxpayers dime, you are invited with VIP honors – will even pay for your plane ticket … Show up if you dare”.

Kwon posted the tweet not long after South Korean media reports, citing local prosecutors, said the Terra chief had moved to a country in Europe. Nicholas Platias, the former Terra Head of Research who is also being chased after by South Korean authorities, has moved to his native Greece after his stay in Singapore with Kwon.

See related article: Crypto leaders differ over Do Kwon blame in May’s market crash

Choi Sung-kook, prosecutor at South Korea’s Seoul Southern District Prosecutors’ Office, confirmed with Forkast that what has been reported is “not false.” However Choi declined to disclose which country in Europe Kwon is currently residing in.

South Korean prosecutors revealed last month that Kwon had left his previous residence in Singapore in September and flew to a third country via Dubai.

Additionally, South Korean prosecutors have secured and are investigating private messages of Do Kwon allegedly telling a Terraform Labs employee to deliberately manipulate the market price of Terra stablecoin and Luna, now Luna Classic, according to local media reports which prosecutor Choi confirmed with Forkast as not false.

This may add fuel to South Korea’s investigation into Kwon on the May collapse of Terra-LUNA, which blew away US$60 billion in crypto market capitalization, where Kwon is under charges including fraud and Capital Markets Act violation. 

Both Kwon and Terraform Labs have not responded to Forkast’s query made on Friday morning for a comment on these allegations.

See related article: Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai

Local prosecutors have issued an arrest warrant for Kwon and five other Terra associates, and by the request of prosecutors, Interpol has issued a red notice on the six people, which asks global law enforcements to locate and provisionally arrest the listees.

Meanwhile, Do Kwon and Terraform Labs are also the subject of a class action lawsuit in Singapore, filed on behalf of 359 multinational investors who lost about US$57 million in the collapse of Terra-LUNA. 

According to the official judiciary website of Singapore, a follow-up hearing for the lawsuit was scheduled to occur on Wednesday, Nov. 2, but the notice of the hearing was apparently removed from the website, and any follow-up hearing for the lawsuit has not been announced. 

Drew & Napier LLC, the Singapore law firm in charge of the case, has not responded to Forkast’s inquiry on the status of the lawsuit.





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