Do Kwon, the creator of the beleaguered Terraform Labs platform responsible for the collapse of the Terra (LUNA) ecosystem, has rejected accusations that he is on the run after a South Korean court issued an arrest order for him.
Kwon tweeted on September 18 that he is willing to assist any government agency that is interested in speaking with him and that he has nothing to conceal.
Kwon was adamant about not divulging his whereabouts, but he indicated that he was in the process of defending himself in other jurisdictions.
With the outstanding arrest warrant, Kwon criticised those interested in his whereabouts, implying that it was a breach of his privacy.
Reports about Kwon’s flight surfaced after Singaporean officials said he was not in the country. Previously, Singaporean detectives guaranteed their Korean colleague’s complete cooperation in the Kwon case.
The arrest warrant is consistent with the fraud claims against Kwon after the $45 billion collapse of the Terraform Labs ecosystem. Consequently, South Korean officials handed Do Kwon a “notice upon arrival” and Daniel Shin, co-founder of Terraform Labs, travel restrictions.
Since he gave his first public interview following the collapse while dwelling in the area, it has been speculated that Kwon resides in Singapore. Kwon rejected any claims of fraud in the crash throughout the interview.
Kwon allegedly sought the assistance of a South Korean law firm to assist him in preparing for the prosecution’s inquiry.
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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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