JAKARTA - One of the founders of Terra, Do Kwon, who is wanted by South Korean authorities and whose whereabouts are currently unknown, has advised him not to change his routine in response to possible legal action.
In a tweet Monday, September 26, Kwon said Crypto Twitter members likely saw him walking on the street or around shopping centers without mentioning the city or state, in "the last few weeks" although Interpol reportedly issued a Red Notice for this Terra co-founder.
Kwon told more than a million followers in a tweet reply that he didn't see his name on Interpol's penalty list to "find and temporarily arrest and wait for extradition, handover, or similar legal action," but not all names were mentioned. published.
"I'm writing a code in my living room," Kwon said. "I'm not trying to hide."
Active on social media while facing potential arrests and prosecutions in South Korea, Kwon pointed out his location was Singapore on his Twitter account at the time of publication, but a September 17 report from Reuters shows he may no longer be in the country.
One of the founders Terra is a South Korean citizen. Double citizenship in South Korea is generally not permitted with certain exceptions, but it's unclear if Kwon holds a passport of more than one country.
Kwon, Terra, and company employees have been targeted by South Korean financial authorities, who reportedly raided the offices of the Gopax, Coinone, Upbit, Bithumb, and Korbit crypto exchanges in July. South Korea's court later issued a warrant for Kwon's arrest and five people linked to Terra for allegedly violating capital market laws.
Kwon posted on September 17 that he was not "on the run" or the same" after the Singapore Police (SPF) said Kwon was not in the city's country. South Korea does not have an extradition treaty with Singapore, and the Interpol Red Notice can only ask local law enforcement to detain Kwon if he is there.
In the midst of controversy over Kwon's location and his potential arrest, it is reported that Indonesian financial authorities have worked to change existing policies to prevent similar situations among leaders in the country's crypto companies.
Cointelegraph reported on September 21 that acting head of the Commodity Futures Trading Supervisory Agency (CoFTRA) Didid Noordiatmoko said the proposed changes to ensure two-thirds of directors and commissioners at crypto companies are Indonesian citizens who will help the leadership "from efforts to flee the country if any problems arise."
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