Do Kwon tells his 1 million Twitter followers he is writing code in his living room. He just forgot to say in what country.
he may no longer be in the country. The Terra co-founder is a South Korean national. Dual citizenship in South Korea is generally not permitted, though with certain exceptions, but it’s unclear if Kwon holds more than one country’s passport.
A prominent figure in the crypto for his involvement with Terraforms Labs, Kwon became a person of interest among South Korean authorities when Terra’s algorithmic stablecoin TerraUSD Classic — originally TerraUSD — depegged from the United States dollar and dropped to almost zero within weeks. The price of Terra — now Terra Classic — also crashed amid liquidity issues reported on many platforms including Celsius.
Kwon, Terra and other company employees were the target of an investigation by South Korean financial authorities, who reportedly Gopax, Coinone, Upbit, Bithumb and Korbit in July. A South Korean court later issued a warrant for the arrest of Kwon and five individuals connected to Terra for allegedly violating capital markets laws.that he wasn’t “‘on the run’ or anything similar” after the Singapore Police Force said Kwon wasn’t in the city-state. South Korea has no extradition agreement with Singapore, and Interpol’s Red Notice can only request local law enforcement detain Kwon if he’s located.
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