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Terra Luna boss on the Run? Here’s what you need to know

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SNEAK PEEK

  • Do Kwon used Twitter to emphasize his lack of concealment and the fact that he had “expressed a desire” in contacting law enforcement.
  • The likelihood that the Terra executive is attempting to “avoid restitution” has been “increased” by the prosecution.
  • The court determined that Do Kwon and his associates violated the South Korean Capital Market Act.

There was a lot of talk over the weekend about Terra founder Do Kwon trying to elude law enforcement. He did, however, use Twitter to stress that he was not hiding and that he had “expressed interest” in getting in touch with law enforcement. Additionally, he asserted that his group was fully cooperating because they had nothing to conceal.

Kwon continued the discussion by stating that they are defending themselves in several jurisdictions and that they have held themselves to a very high standard of honesty. They anticipate establishing the truth over the next months.

Last Wednesday, as reported, a court in South Korea issued an arrest warrant for Do Kwon. The warrant also allows for the detention of five other Terra supporters in addition to Do Kwon. Do Kwon and his associates broke the rules of the South Korean Capital Market Act, the court ruled.

Prosecutors have reportedly “raised the likelihood” that the Terra executive is attempting to “escape restitution,” according to a recent Bloomberg article. Recall that last week, prosecutors filed an arrest warrant for Kwon and plan to have him taken into custody for alleged violations of capital-market laws.

On whether or not he intended to get in touch with Interpol, the prosecutor’s office declined to comment. But in a text message to Bloomberg, stated, Since he left for Singapore, there has been “circumstantial evidence of escape,” which is why an arrest order was initially issued.

In reality, prosecutors were quoted in a separate article by the Yonhap News Agency as claiming that the Terra founder was not participating in investigations and had informed detectives via a lawyer that he had no intention of showing up for questioning in approximately August.

The Terra chief hasn’t said anything about his whereabouts, though, citing privacy issues. He stated that only his friends, individuals he intends to meet, or anyone he plays a GPS-based Web3 game with will be made aware of his whereabouts.

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  • Source: https://www.todaynftnews.com/terra-luna-boss-on-the-run-heres-what-you-need-to-know/
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