Explained: SEC allegations against Do Kwon and Terraform Labs
The SEC claims that Do Kwon and Terraform Labs lied about a South Korean application called Chai using Terra to process payments.
The SEC claims that Do Kwon and Terraform Labs lied about a South Korean application called Chai using Terra to process payments.
Multiple reports have placed Kwon in Serbia but the country’s extradition laws and agreements could make getting him back to Korea tricky.
Terraform Labs founder and fugitive Do Kwon has country-hopped to Serbia, where circumstances are friendlier to those ‘on the run.’
Do Kwon continues to elude South Korean authorities and has been spotted in Serbia. Here’s a few activities the Terra founder might enjoy.
South Korean authorities have asked OKX and KuCoin to freeze 3,300 bitcoins after Kwon created a new wallet and started to transfer funds.