Despite statements by the founder of the collapsed Terra project about cooperation with law enforcement agencies, the South Korean prosecutor’s office said that he refused to cooperate and went into hiding.
The prosecutor’s office made the corresponding statement in response to a post by Do Kwon on September 17 that he was not going to run away from the investigation. Earlier that day, the Singapore police reported that the founder of Terra had left the city-state.
Do Kwon is under investigation for alleged fraud and tax evasion – the relevant cases were opened after the collapse of the Terra ecosystem and investor complaints. As part of the investigation, the Seoul Southern District Prosecutor’s Office issued an arrest warrant for Do Kwon.
“Now we are trying to locate the suspect and carry out his arrest,” a spokesman for the prosecutor’s office said on September 18.
The statement from the South Korean prosecutor’s office emphasizes that the agency will work with foreign counterparts to jointly arrest the creator of Terra.
Earlier it was reported that the South Korean authorities are going to deprive the citizenship of the former CEO of Terraform Labs, as well as his five colleagues living in Singapore.
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