Do Kwon says he doesn't hide while the crypto search increases

The co -founder of the collapsed cryptocurrency operator Terraform Labs broke his silence after Interpol published a red complaint against him and emphasized that despite an escalating global search.

do Kwon has remained active on social media because he is in prison in South Korea. He wrote on Twitter on Monday that he was "no trouble to hide. I go for a walk and in shopping centers", which indicates that nothing has changed in his routine.

"I write code in my living room," he said, adding that he did not see his name on the Red Notice List from Interpol. "There is certainly no note for something that has a note in the name," he said.

Not all names on the Red Notice List are made accessible to the public. According to South Korean prosecutors who are investigating the case, Kwon left Singapore at the end of April before the Terrausd and Luna token imploded in May worth $ 40 billion.

Kwon showed his location on his Twitter account as a Singapore on Monday, but his whereabouts remained unclear after the Singapore police said this month that he was not in the city-state.

South Korean prosecutors refused to say on Tuesday whether they had found Kwon's whereabouts. "It is difficult to find and arrest someone. The Situation changes every time. We do our best to get it," said the public prosecutor's office of the Seoul Süd.

experts said that it could only be a matter of time until Kwon was arrested and delivered to his home country, since the law enforcement authorities worked worldwide to find it and arrest. Kwon and five of his employees are accused by the South Korean public prosecutor's office for financial fraud and the violation of the South Korean capital market laws.

The public prosecutors also asked the Seoul Foreign Ministry to cancel Kwon's South Korean passport after he had previously informed the law enforcement authorities through his lawyer that he had no intention to appear to be a survey.

The collapse of Terrausd and Luna coins concerned hundreds of thousands of investors, many of whom were attracted to a program in which customers were able to award their terra for a return of 20 percent.

KWON is faced with collective lawsuits in South Korea and the USA for alleged deception of investors. The Securities and Exchange Commission and South Korean prosecutors examine the marketing tactics of Terraform Labs in view of the allegations that Kwon and its company could have misleaded investors by referring to Terrausd as StableCoin.

"The prosecutors absolutely want to punish him as an example, but it is another thing whether he is actually found to be guilty in court," said Kim Hyoung-Joong, head of the Cryptocurrency Research Center at Korea University. "There was no precedent in South Korea in which cryptoinvestment was considered an investment contract, as claimed by prosecutors."

Terraform management has contested any fraud or violation of financial regulations.