Fun

Luna Founder Do Kwon Isn’t in Singapore, Police Say After South Korean Court Issues His Arrest Warrant

News Feed - 2022-09-19 11:09:29

Luna Founder Do Kwon Isn"t in Singapore, Police Say After South Korean Court Issues His Arrest Warrant


Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud after the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him.However, Kwon insists that he is not “on the run.” Police Say Do Kwon Isn’t in Singapore


The Singapore police force (SPF) reportedly said on Saturday that Terraform Labs founder Kwon Do-hyung, also known as Do Kwon, is currently not in the city-state. In an email response to an inquiry by the AFP, the police said: Do Kwon is currently not in Singapore. SPF will assist the Korean National Police Agency (KNPA) within the ambit of our domestic legislation and international obligations.


Kwon has repeatedly indicated on Twitter that he has been in Singapore. According to Singapore’s Straits Times newspaper, his work permit in the city-state was due to expire on Dec. 7.


Last week, a spokesperson for South Korean prosecutors said arrest warrants have been issued for six people, including Kwon, noting that the Terraform Labs founder resides in Singapore. Kwon is accused of fraud after the collapse of the cryptocurrency luna (now called luna classic (LUNC)) and stablecoin terrausd (UST). In addition, the country’s ministry of foreign affairs is reportedly planning to revoke his passport.


In the U.S., the Securities and Exchange Commission (SEC) is also reportedly investigating Terraform Labs and the collapse of stablecoin UST. In a few recent interviews, Kwon said he was “devastated” when his crypto project collapsed.


On Saturday, Kwon explained his situation in a series of tweets. He insisted: I am not ‘on the run’ or anything similar — for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide.


“We are in the process of defending ourselves in multiple jurisdictions — we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months,” he wrote in another tweet. Tags in this story do kwon, Do Kwon arrest, Do Kwon arrest warrant, Do Kwon court, Do Kwon not in singapore, Do Kwon singapore, Do Kwon south korea


Do you think Do Kwon is on the run? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Vietnam, Philippines, India, China Among Top Countries for Crypto Adoption, Chainalysis Global Index Shows FEATURED | 3 days ago Ethereum Blockchain Migrates to Proof of Stake After Completion of The Merge FEATURED | 4 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleCFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities Next articleReport: Quebec’s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days


Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process
Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process According to Yi Gang, governor of China’s central bank, the proc
Draper-Backed Startup Launches .Crypto Domains on Ethereum
A startup building domains on blockchains has just launched a .crypto name registry on ethereum. Unstoppable Domains – a firm backed in May to the tune of $4 million by Dr
USDC overtakes USDT: Compliance is key to stablecoin dominance
Daniel Ramirez-Escudero11 hours agoUSDC overtakes USDT: Compliance is key to stablecoin dominanceTether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market.4765 Tot
Grayscale Adds $300 Million in Cryptocurrency Assets Under Management in Just 24 Hours
Grayscale Adds $300 Million in Cryptocurrency Assets Under Management in Just 24 Hours Grayscale Investments said Thursday that it added $300 million in net asse
Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says
Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in in
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit again
Hal Finney’s Wife Fran Activates Her Husband’s Twitter Account to Protect It From ‘Being Purged’ by Elon Musk
Hal Finney"s Wife Fran Activates Her Husband"s Twitter Account to Protect It From "Being Purged" by Elon Musk Roughly seven days ago the owner of Twitter, Elon Musk, disclosed that
HECO Chain exploiter anonymizes $145M of Ether on Tornado Cash in 8 days
Arijit Sarkar13 hours agoHECO Chain exploiter anonymizes $145M of Ether on Tornado Cash in 8 daysIn its largest transaction, the HECO Chain exploiter sent 11,300 ETH worth roughly $39.5 million in one transfer.868 Total
WazirX restores balances post-hack, withdrawal timeline unclear
Amaka Nwaokocha11 hours agoWazirX restores balances post-hack, withdrawal timeline unclearThe delay in withdrawals has impacted individual investors and raised concerns about the overall security and reliability of crypt
Bitcoin, Ethereum Technical Analysis: BTC Rebounds Following Bullish Comments From Elon Musk
Bitcoin, Ethereum Technical Analysis: BTC Rebounds Following Bullish Comments From Elon Musk Bitcoin started the week trading below $17,000, as volatility in the cryptocurrency spa
Mai Capital Predicts Tough Year for Crypto — Expects Bitcoin and Ethereum to Do Well Once Regulations Come Into Focus
Mai Capital Predicts Tough Year for Crypto — Expects Bitcoin and Ethereum to Do Well Once Regulations Come Into Focus Mai Capital Management’s chief equity strategist and
Bitcoin for Corporations- Michael Saylor Expects an ‘Avalanche’ of Firms to Own Bitcoin
Bitcoin for Corporations- Michael Saylor Expects an "Avalanche" of Firms to Own Bitcoin This week the firm Microstrategy held an event called “Bitcoin for