A brand new report has claimed that Do Kwon, the fugitive CEO of Terraform Labs, is presently staying in Serbia. The report added that the South Korean authorities has engaged the Serbian authorities concerning the matter. In the meantime, Kwon has accused Sam Bankman-Fried and Alameda Analysis of orchestrating occasions that led to the “depeg” of Terra’s once-stable coin UST.
Do Kwon Getting Assist in Serbia
In response to South Korean on-line publication Chosun, Do Kwon, the CEO of Terraform Labs who is needed on costs of offering false data to traders, resides in Serbia. The report added that the justice ministry in Seoul is now in search of the Serbian authorities’s assist investigating the claims.
Authorities are additionally reportedly investigating the likelihood that Kwon is being assisted by somebody in Serbia.
The newest revelation of Kwon’s whereabouts comes only a few months after studies steered that he was in Singapore. Nevertheless, these studies have been later rebuffed by the Singapore Police Pressure which additionally promised to help the Korean Nationwide Police Company (KNPA) “inside the ambit of our home laws and worldwide obligations.”
Kwon, who stays lively on Twitter, has beforehand denied studies he’s on the run. Nevertheless, that didn’t cease a courtroom in South Korea from issuing a warrant for his arrest. The worldwide legislation enforcement physique Interpol has issued a purple discover, which is a “request to legislation enforcement worldwide to find and provisionally arrest an individual pending extradition, give up, or related authorized motion.”
I believe the time has come for @GenesisTrading to disclose in the event that they supplied the $1B UST shortly earlier than the crash to SBF or Alameda – the acquisition from LFG was represented as stemming from “curiosity to take part within the Terra Defi ecosystem” – to not present ammo for a peg assault
— Do Kwon 🌕 (@stablekwon) December 8, 2022
Kwon Blames Sam Bankman-Fried for UST Depeg
In the meantime, in his Dec. 7 Twitter thread, Kwon seems to counsel that Alameda Analysis could have orchestrated an assault which ultimately led to the downfall of the stablecoin UST.
“I believe the time has come for Genesis Buying and selling to disclose in the event that they supplied the $1B UST shortly earlier than the crash to SBF [Sam Bankman-Fried] or Alameda – the acquisition from LFG was represented as stemming from ‘curiosity to take part within the Terra Defi ecosystem’ – to not present ammo for a peg assault,” Kwon wrote.
Kwon additionally queried why Alameda borrowed BTC from Voyager throughout a interval which he stated coincided with the “depeg dates.” After arguing his case towards Sam Bankman-Fried and Alameda Analysis, Kwon ends the thread by stating that “what’s executed in darkness will come to mild.”
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