Do Kwon is indifferent to the loss of the South Korean passport

Do Kwon is indifferent to the loss of the South Korean passport

do Kwon, the founder of the failed stable coin project Terra, does not seem to know about an official arrest warrant from the South Korean public prosecutor, and despite the loss of his passport, he insists that he does not try to escape the authorities.

But where he actually is, the crypto entrepreneur does not want to reveal.

in his Second interview Since the crash of the Terra ecosystem, Kwon has disclosed a number of topics, including what he has from the charges due to the South Korean Capital market law keeps and how he regrets that he was arrogant in his tweets.

do Kwon loses the South Korean passport and renews the freezing of the funds

The South Korean passport of the Terra founder threatens the declaration of invalidity because he failed to return the document to the authorities. It is not clear whether it is already invalid.

But that seemed indifferent to him. "I don't use it anyway. I cannot see to what extent this makes it a difference," he told crypto journalist Laura Shin without going into more detail whether he has a different pass.

He also repeated his rejection that millions of dollars in Bitcoin, which were frozen on the stock exchanges OKX and KUCOIN, belonged to him or by him controlled companies, and said he had not used both crypto exchanges for at least one year.

"I definitely have no money there," he said, adding that he would certainly have noticed if the amount had been as high as the reported amounts.

No natural or legal person has contacted the frozen crypto on these stock exchanges.

KWON also claimed that he had commissioned an on-chain analysis company to provide all merchant data at Luna Foundation Guard that supports the Terra ecosystem. The company is expected to be published in a few weeks, he said.

stood the arrest warrant

reported that Interpol has a " Red Note "because of a global request to the penalty agencies, kwon, kwon To find and arrest charges in connection with the collapse of Terra. But Kwon seemed confused about the status of this request.

"As far as I understand, it is not an international arrest warrant. And he expressly says on his website. Every sovereign nation can interpret a red notice as it thinks it is right."

Prosecutors said in his home country of South Korea that he was "obviously while fleeing" to the authorities and refused to cooperate. But Kwon claimed that he has not lived there since the end of 2021, which indicates that he should of course not be expected to return.

He also found that cryptocurrencies under Korean law do not apply as securities and therefore do not fall into the responsibility of the local public prosecutor.

"At the moment, the South Korean legislator is to develop a specific regulation for cryptocurrencies. Therefore, we are a little disappointed with the way in which prosecutors try to create new regulations through law enforcement proceedings - although this should actually be in the description of the tasks of the legislator or at least the financial supervisory authorities," he said.

kwon further claimed that he had not seen a copy of the arrest warrants in question and that he was not aware of the specific charges that he was faced with.

"We do not believe that one of the fees in connection with the capital market law is applicable because the government has represented the attitude that cryptocurrencies should not be ruled by the capital markets," he said. "We do not believe that these are legitimate and are politically motivated."

"Cooperation" in the investigation, but not ready to reveal details

During their investigation into Terraform, the public prosecutor's office prevented employees from leaving the country. The process included a search and confiscation, and Kwon was asked for evidence.

"I am not free to disclose what exact documents we have created, but we have cooperated in all document inquiries," he said.

kwon is said to have been in Singapore at the time of issuing the arrest warrants. But Reuters reported Local police said he was not present in the city state at that time. When he was pushed by Shin to reveal his whereabouts, Kwon decided to keep details secret.

he explained that after the collapse of Terra in May "there were many situations in which personal security was threatened", such as reporters and others who collapsed his house.

"Every time the place is known where I live, it becomes almost impossible for me to live there," he said.

he said he met with employees regularly and his whereabouts were therefore no secret, but he didn't even want to show his current country.

his regret about complacent tweets and investor losses

kwon has confronted flak he was arrogant on Twitter and once even assumed that he was "poor". When Shin asked him if he felt guilty, he just said that he was enthusiastic.

"In retrospect, I should have adhered to a kind of stricter standards," he said. "I think it is worthwhile to just leave them there ... only for the storage of records and for posterity."

he also apologized for the investors of his project to add massive losses and took over the sole responsibility.

"It is quite difficult to put it in words, but the extent of the financial, emotional and economic damage that happened here is not easy to endure," he said.

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The contribution do kwon claims indifference about the loss of the South Korean passport is not a financial advice.