. . Where Is Do Kwon? Terra's CEO has reportedly fled Singapore.

Where Is Do Kwon? Terra's CEO has reportedly fled Singapore.

In Brief

According to reports, Terra's creator, Do Kwon, is no longer in Singapore.

Singapore police have promised to aid South Korean authorities in their pursuit of Kwon.

Kwon has denied being on the run, claiming that individuals seeking his location are invading his privacy.

Where Is Do Kwon? Terra's CEO has reportedly fled Singapore.
Where Is Do Kwon? Terra's CEO has reportedly fled Singapore.

Terra's creator, Do Kwon, is apparently not in Singapore, according to Reuters, citing the Singapore Police Force.

in step with native media reports, Singapore Police explicit that “the needed crypto developer Do Kwon wasn't presently within the city-state.”

The Singapore Police secured to help the South Korean police in its conceive to arrest the embattled founder.

Singapore’s local media reports additionally confirmed this development.

Earlier in the week, the South Korean government issued AN warrant for Kwon, citing a violation of capital market rules that junction rectified to a $40-billion loss for investors.

The warranty is valid for a year. Meanwhile, reports have emerged that South Korea’s Ministry of Foreign Affairs is attempting to induce Kwon to come to his passport.

In his sole interview once the crash, Kwon claimed that South Korean authorities had not contacted him.

The Terra founder has been entangled in many lawsuits in South Korea and also from investors who lost heavily to the ecosystem’s crash.

Do Kwon Denies Being “On the Run”

Does Kwon has denied claims that he's on the run {in a|during a|in AN exceedingly|in a very} tweet?

in step with Kwon, people who have the right to grasp his whereabouts are his friends, those he plans to fulfill, or whoever he is “involved in a GPS based mostly web3 game.”

Kwon continued that the interest in his location amounts to an invasion of privacy.

Kwon value-added that he has been cooperating with government agencies “that (have) shown interest to communicate.”

this is often Kwon’s 1st public statement since news concerning his warrant emerged.

Terra’s Luna Rises 8%

Terra’s LUNA token has up by over 8% within the last twenty-four hours to $3.14, in step with information from Coingecko.

Per the data, the token has crashed by 38% over the last seven days. it's additionally mercantilism at over 80% removed from its ATH.

different Terra-linked tokens like Terra Luna Classic (LUNC) also saw their price rise by 0.8% to $0.00031494 in the last 24 hours.

LUNC has been in the news recently for its huge rise once introducing a 1.2% burn tax on all swaps. The burn tax has the endorsement of major exchanges such as Binance.

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