Categories: Finance

Do Kwon: I’m not hiding from the authorities, but collaborating with them in every possible way

The founder of Terraform Labs denied rumors that he was on the run, and called attempts to find out his location a gross invasion of privacy.

Terraform Labs CEO Do Kwon assured that he is not hiding from law enforcement agencies and “departments that want to meet” with him or with colleagues, as he works closely with the authorities and is not going to hide anything.

The businessman noticed that his company is now protecting its rights in the jurisdictions of several countries at once:

“We are committed to an absolutely fair policy and look forward to the decision of the judiciary over the next few months.”

Do Kwon added that he is not going to disclose to outsiders where he is now, since such information can be trusted only to close people. The creator of Terraform Labs is outraged by the fact that outsiders are trying to find out his whereabouts – this is, they say, nothing more than “an invasion of privacy.”

Back in July, the South Korean authorities ordered the Terraform directorate to notify the entry and exit from the country. In September, the Seoul Court issued an arrest warrant for Do Kwon and five of the project’s top managers in connection with capital market violations that resulted in massive losses for the industry. Later, the South Korean Ministry of Foreign Affairs said it intended to revoke the citizenship of the former CEO of Terraform Labs and his colleagues.

Source: Bits

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