Do Kwon Lihat Di Serbia, Menurut Intel Korea Selatan

JAKARTA The founder of Terra LUNA, Do Kwon, is reportedly hiding in Serbia. The information was announced by South Korean authorities who knew about it from the state intelligence agency. The report was confirmed by investigators.

As is known, crypto tokens developed by Do Kwon, LUNA and UST collapsed more than 99 percent last May. The crypto collapse has harmed investors. In fact, investors in South Korea are reported to have committed suicide after learning that their savings in LUNA had to disappear.

"Recently, we received intelligence information that Kwon's CEO was in Serbia, and it turned out to be true," a local prosecutor official told the media, quoted by DailyCoin.

The South Korean government plans to bring Do Kwon to Korea. For this reason, they are collaborating with the Serbian government. As for Daniel Shin, one of the founders of Terraform Labs, the authorities canceled for certain reasons.

Launching FX Street, a South Korean court stated that based on Daniel Shin's behavior during the investigation, it seemed rather impossible for one of the Terra founders to escape or destroy evidence. Together with Daniel Shin, arrest warrants for three investors and four Terra team developers were also rejected.

According to reports, investors lost millions of assets as a result of the Terra LUNA crash, prompting intervention from various global investigators. The investigation into the crash of this project began an investigation into Do Kwon and his colleague, Daniel Shin. Especially, South Korea is one of the countries that continues to investigate the project's collapse.

Meanwhile, despite joint efforts made by authorities in South Korea, they have not been able to bring Do Kwon to the country for trial. Last September, the Financial and Securities Crime Unit of the South Korean District Attorney's Office in South Korea issued a warrant for Kwon's arrest.

According to reports, Interpol also issued a "Red Notice" against Terra co-founders, but all of them were unsuccessful. Recently, South Korea threatened Kwon to hand over his passport or risk being canceled.

However, as South Korea continued its relentless efforts to bring Kwon to the country, South Korea also continued prosecution against Shin. A few weeks ago, South Seoul District Court South Korea approved a request by local prosecutors to freeze around US$104 million of assets belonging to one of the founders.

Later, Shin was detained by South Korean investigators and has been facing prosecution since then. The court, as reported, also confirmed that Shin illegally collected the assets through LUNA's cryptocurrency. He denied the allegations, claiming that he left Terra and Do Kwon before the collapse.

South Korea isn't the only country investigating Terra's collapse and chasing Do Kwon. Recently, the US District Court in Northern California also started a class action lawsuit against Do Kwon and Terraform Labs, the company behind LUNA and UST stablecoins.