Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud after the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him. However, Kwon insists that he is not “on the run.”
Police Say Do Kwon Isn’t in Singapore
The Singapore police force (SPF) reportedly said on Saturday that Terraform Labs founder Kwon Do-hyung, also known as Do Kwon, is currently not in the city-state. In an email response to an inquiry by the AFP, the police said:
До Квон учурда Сингапурда эмес. SPF Кореянын Улуттук полиция агенттигине (KNPA) биздин ички мыйзамдардын жана эл аралык милдеттенмелердин чегинде жардам берет.
Kwon has repeatedly indicated on Twitter that he has been in Singapore. According to Singapore’s Straits Times newspaper, his work permit in the city-state was due to expire on Dec. 7.
Last week, a spokesperson for South Korean prosecutors said камакка алуу ордерлери have been issued for six people, including Kwon, noting that the Terraform Labs founder resides in Singapore. Kwon is accused of fraud after the collapse of the cryptocurrency luna (now called luna classic (LUNC)) and stablecoin terrausd (UST). In addition, the country’s ministry of foreign affairs is reportedly planning to жокко чыгаруу анын паспорту.
In the U.S., the Securities and Exchange Commission (SEC) is also reportedly тергөө Terraform Labs and the collapse of stablecoin UST. In a few recent сурамжылоо, Kwon said he was “devastated” when his crypto project collapsed.
On Saturday, Kwon explained his situation in a series of tweets. He insisted:
I am not ‘on the run’ or anything similar — for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide.
“We are in the process of defending ourselves in multiple jurisdictions — we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months,” he wrote in another tweet.
Do you think Do Kwon is on the run? Let us know in the comments section below.
Image насыялар: Shutterstock, Pixabay, Wiki Commons
баш тартуу: Бул макалада маалымат максатында гана болот. Сатып алуу же сатуу боюнча сунушту түздөн-түз сунуш кылуу же кандайдыр бир өнүмдөрдү, кызматтарды же компанияларды сунуш кылуу же жактыруу эмес. Bitcoin.com түзүп, салык, юридикалык же бухгалтердик пикирин бере албайт. Да, коом да, жазуучу менен шартталган себеп же болжолдонуп жаткан ар кандай жоготуу же бул макалада айтылган ар кандай мазмун, же кызмат боюнча же көз каранды пайдаланууга байланыштуу, түздөн-түз же кыйыр түрдө жооптуу болуп саналат.
Source: https://news.bitcoin.com/luna-founder-do-kwon-isnt-in-singapore-police-say-after-south-korean-court-issues-his-arrest-warrant/