South Korea's hunt for the crypto refugee do Kwon leads to Serbia

South Korean prosecutors believe that Do Kwon, the failed entrepreneur behind the $ 40 billion-dollar-implosion of the Terrausd and Luna token, is hiding in Serbia, while they intensify their months of global search after the crypto king falling out.

You try to work with the Serbian authorities to find it and arrest it, according to the public prosecutor's office of the southern district of Seoul, which examines the collapse of Kwon's cryptocurrency operator Terraform Labs.

Kwon was charged with fraud and violations of capital market law in his home country after the collapse of his terrausd and luna coins in May.

prosecutors said in October that he had traveled to an unknown country via Dubai after leaving Singapore, where Terraform was headquartered. South Korea withdrawn Kwons Pass in November.

At the request of Seoul,

Interpol published a red advertisement against Kwon. South Korea has no delivery agreement with Serbia, but both countries have joined the European delivery agency.

investors have submitted collecting lawsuits against Kwon in Singapore and the USA. Kwon denied any misconduct, although he apologized to the victims of the collapse of his blockchain system. He claimed that the South Korean charges against him are not "legitimate" and "politically motivated".

"Despite the Red Notice of Interpol, it will not be easy to arrest and deliver it to South Korea," said Kim Hyoung-Joong, head of the Cryptocurrency Research Center at Korea University. "In view of the lax border controls in Europe, Kwon could already have fled to another country."

The main cause of the implosion of Kwon's cryptocurrencies remains unknown despite the expansion of the investigation by the Korean public prosecutor. You applied for an arrest warrant against Daniel Shin, the co -founder of Terraform Labs, but the application was rejected by a South Korean court.

The New York Times reported last week that US public prosecutors were again investigating whether Sam Bankman-Fried, the founder of the bankruptcy crypto-exchange FTX, and his hedge fund Alameda Research orchestrated market manipulation that led to the failure of Kwon's twin coins.

Kwon published a number of tweets last week that unveiled, such as FTX, Alameda and the global crypto loan Genesis Trading Trading/Luna crisis, and asked Bankman-Fried to publish the details of the most important transactions that led to the failure of the coins.

The collapse of FTX also demands a tribute on the South Korean cryptomarkt, since the services of Gopax, South Korea's fifth largest crypto tour, were interrupted and Wemix, the native token of the Korean game developer Wemade, was canceled by the Korean exchanges.