- Do Kwon may be in Serbia, according to recent reports from South Korea.
- The former Terra CEO was previously believed to be in Dubai.
- Earlier this year, Interpol issued a Red Notice to apprehend Kwon.
South Korean prosecutors have informed the public that they believe Do Kwon, the fallen CEO of the collapsed Terraform labs, had fled to Serbia last month and is perhaps still hiding there. However, the investigative team in South Korea is unclear if Kwon is still in Serbia or not.
Recently, it was speculated that the former golden boy of crypto was in Dubai, a city widely recognized as a crypto hub. Members of the community believe that it is from here that Kwon left to Serbia. Earlier in September, Interpol had released a Red notice for his arrest. Red Notices are often enacted to locate criminals who are at large.
However, in an interview with crypto journalist Laura Shin, Kwon called the news baseless and argued: “How Red Notices work is something that I don’t really understand very well. But we haven’t heard anything back yet [from Interpol]. There is an appeals process… So we’ll do everything that we can to make clarification to make sure this comes to a better result.”
Interstingly, when the news first broke that following the collapse of the Terra ecosystem, its founder was on the run, Kwon himself took to Twitter to explain that these were merely rumors and that he was not hiding from the law.
Speaking in an interview regarding the news of his whereabouts, Kwon had said:
It’s not in the interest of being on the run … it’s just that every time the location where I live becomes known, it becomes almost impossible for me to live there.
In October of this year, the Ministry of Foreign Affairs and the Seoul Southern District ordered Do Kwon to return his passport. The South Korean government claimed that if the passport was not returned to the Ministry, passport management agency, or diplomatic mission abroad within 14 days after the announcement, the passport will lose its validity in accordance with Article 13 of the Passport Act.