Do Kwon, Terra co-founder Tweets He’s Not ‘on the run’ or Anything Similar

Do Kwon, the co-founder of the Terra ecosystem, an open-source blockchain protocol for stablecoins, tweeted on September 18 that he’s “not ‘on the run’ or anything similar” following the Singapore Police Force (SPF) said Kwon wasn’t within Singapore.

“I am not “on the run” or anything similar – for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide.”

Kwon Doesn’t Reveal His Whereabouts

Previously, according to the South Korean authorities, Kwon and five of his associates were suspected of violating the country’s capital markets laws. An arrest warrant was issued on Sept. 14.

Prosecutors attempted to revoke all of their passports a day later on Sept. 15, while they were all in Singapore.

After TerraUSD Classic (USTC), previously TerraUSD (UST), lost its peg to the US dollar in May, the Terra ecosystem Kwon co-founded hit a low of $0.006 in June, arguably the biggest crash in cryptocurrency history.

In addition, Kwon didn’t disclose his whereabout and saying that Twitter has no business with his GPS coordinates. 

“Dear CT – I will tell you what I am doing and where I am if:  1) we are friends 2) we have plans to meet 3) we are involved in a gps based web3 game. Otherwise you have no business knowing my GPS coordinates.”

Kwon Defends Themselves in Various Jurisdictions

Kwon added that they are defending themselves,  involving many jurisdictions, “We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months.”

There is no extradition treaty between Singapore and South Korea, but the SPF said it would comply with its domestic laws and international obligations.

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