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 relating to 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
Based on South Korean on-line publication Chosun, Do Kwon, the CEO of Terraform Labs who is needed on prices of offering false data to buyers, resides in Serbia. The report added that the justice ministry in Seoul is now looking for the Serbian authorities’s assist investigating the claims.
Authorities are additionally reportedly investigating the chance that Kwon is being assisted by somebody in Serbia.
The most recent revelation of Kwon’s whereabouts comes just some months after reviews instructed that he was in Singapore. Nonetheless, these reviews have been later rebuffed by the Singapore Police Power which additionally promised to help the Korean Nationwide Police Company (KNPA) “inside the ambit of our home laws and worldwide obligations.”
Kwon, who stays energetic on Twitter, has beforehand denied reviews he’s on the run. Nonetheless, that didn’t cease a court docket in South Korea from issuing a warrant for his arrest. The worldwide legislation enforcement physique Interpol has issued a crimson discover, which is a “request to legislation enforcement worldwide to find and provisionally arrest an individual pending extradition, give up, or comparable 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 in 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 recommend that Alameda Analysis might have orchestrated an assault which finally 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 in 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 mentioned coincided with the “depeg dates.” After arguing his case in opposition to Sam Bankman-Fried and Alameda Analysis, Kwon ends the thread by stating that “what’s executed in darkness will come to gentle.”
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