- Law enforcers report that the co-founder of Terra is not within the country
- He may be hiding in Serbia, where he is being pursued by South Korean police
- Kwon has also been charged in the United States.
Today, March 6, the Singapore police officially opened an investigation into Terraform Labs and its fugitive co-founder. Also, law enforcement agencies emphasized that at the moment there is no Do Kwon in the country.
About it informs Bloomberg news portal, citing the decision received. It is noteworthy that Singapore launched an investigation a full six months after the prosecutor’s office in South Korea issued a warrant for Kwon’s arrest.
Last fall, there were rumors that the perpetrator might be hiding in Singapore. He was even added to the “red list” of Interpol.
After that, Do Kwon apparently fled to Serbia. He immediately cashed out part of the cryptocurrency. In early February, police from Korea arrived in the country to catch a fugitive swindler.
We also note that the accusations against Kwon were brought in the United States. Here he is suspected of fraud. Allegedly, the co-founder of Terra won the trust of investors, after which he deceived them.
Now the Singapore police have joined the race for the criminal. Recall that it was here that a specialized group was formed to combat cybercrime under the auspices of Interpol. It is quite possible that she will be able to catch the cunning swindler.