Terra founder Do Kwon still defiantly, since South Korea passed pass

Terra founder Do Kwon still defiantly, since South Korea passed pass

The Korean broadcasting system reported on Thursday that Kwons Local Pass was now invalid. The South Korean Foreign Ministry issued a message on October 5, in which Kwon asked to return his passport, otherwise it would be canceled.

The competitive entrepreneur is said to have left South Korea at the end of April and have temporarily stayed in Singapore before visiting Dubai on his way to an unknown place in Europe.

South Korea issued an arrest warrant against Kwon while he was supposed to be in Singapore. Shortly afterwards, an Interpol Red Notice followed, essentially a worldwide request to find and arrest the 31-year-old founder of Terraform Labs due to alleged violations of capital market law.

If Kwon only has a passport, he could no longer travel legally between the countries.

Kwon has been claiming for months that he was not on the run. In a recent interview with the crypto journalist Laura Shin, Kwon said that he did not want his location to become known for fear of threats to personal security.

but kwon tweeted this morning that he wants to organize a conference or a meeting to prove that he does not go out of the way for anyone. Kwon, who claims that his personal resources are not sufficient to compensate scorned Terra owners, invited police officers from all over the world to participate and suggested that he would pay for their flight costs.

Terraform Labs did not answer block works for a comment until the editorial deadline.

all of this, while the legal disputes against Kwon accumulate after the collapse of Terra and require investors in various parts of the world because they have lost millions of their investments.

The latest case occurred in September when around 369 investors in Singapore submitted a lawsuit against the founder of the crypto and claimed that they had lost almost $ 57 million due to "fraudulent incorrect depictions" from Kwon.

"There is a fundamental difference between a public market event and fraud," said a spokesman for Terraform Labs to Blockworks in response to the lawsuit.

"Terraform Labs and the Luna Foundation Guard have not committed misconduct - the risks were publicly known and were discussed, and the underlying code was open source. For this purpose, both parties intend to vigorously defend themselves against these abandoned accusations. The facts are on our side."

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The Post Terra Founder Do Kwon Still Defiant as South Korea Cancels Passport is not a financial advice.