S. Korean Ministry Officials in Search of Do Kwon, Reaches Serbia

• South Korean officials visited Serbia in search of Do Kwon.
• Do Kwon was reportedly seen in Serbia in December following an arrest warrant.
• A team headed by a senior Justice Ministry official went to Serbia last week.

As per the latest report, the South Korean commission of officials visited Serbia the last week in search of the infamous Do Kwon, the CEO, and co-founder of the fallen Terraform Labs.

Notably, the prosecutors in Seoul clarified that the reports about the team, headed by a senior Justice Ministry official, visiting Serbia the last week weren’t false, admitting that they were on their journey to search for the alleged con man.

Earlier, in September 2022, Kwon was accused of being responsible for the $40 billion collapse of Terraform Labs. After the subsequent arrest warrant and the red notice by Interpol, the correct location of Kwon was unclear.

After a long absence from social media, Kwon tweeted that he hasn’t stolen any money and has never had “secret cashouts”, adding to his previous denial of the accused crime.

Later, in December 2022, it had been reported that the crypto fugitive has relocated to the Republic of Serbia, a landlocked country in Southeastern and Central Europe. However, the attorneys were reluctant to disclose the exact location and whereabouts of Kwon.

Significantly, the South Korean government has put forward a request to the Serbian authorities for sincere investigative assistance regarding the case. Though there were assumptions that Kwon might have moved again to another land, the attorneys focus currently on Serbia for solid evidence.

A detailed study on the journey of Kwon shows that he left South Korea in April for Singapore and later moved to Dubai in October, from where he got transplanted to his current location.