2024-09-18 06:19:00 +0300

Wanted crypto founder Do Kwon says 'not on the run'

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Channel NewsAsia
By Cna

SINGAPORE: Do Kwon, the wanted South Korean founder of the failed cryptocurrency Terra, denied Sunday (Sep 18) he was on the run after the Singapore Police Force (SPF) said he was not in the city-state as had been believed.

SPF told CNA: SPF will assist the Korean National Police Agency (KNPA) within the ambit of our domestic legislation and international obligations. Do Kwon is currently not in Singapore.

A South Korean court on Wednesday issued an arrest warrant for Kwon.

A spokesperson for South Korean prosecutors had at the time said an arrest warrant has been issued for a total of six people, including Do Kwon, who are currently residing in Singapore.

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Kwon's whereabouts have been thrown into question after the SPF statement, and his tweets did not reveal where he was.

The collapse of Terraform Labs earlier this year wiped out about US$40 billion of investors' money.

Early Sunday he said on Twitter: I am 'not on the run' or anything similar, but did not reveal where he was.

For any agency that has shown interest to communicate, we are in full cooperation and we don't have anything to hide, he added.

Continue read on channelnewsasia.com

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