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

Terraform Labs laminitis Do Kwon is not successful Singapore, section constabulary say. Accused of fraud aft the illness of cryptocurrencies luna and terrausd, helium is wanted successful South Korea aft a tribunal issued an apprehension warrant for him. However, Kwon insists that helium is not “on the run.”

Police Say Do Kwon Isn’t successful Singapore

The Singapore constabulary unit (SPF) reportedly said connected Saturday that Terraform Labs laminitis Kwon Do-hyung, besides known arsenic Do Kwon, is presently not successful the city-state. In an email effect to an enquiry by the AFP, the constabulary said:

Do Kwon is presently not successful Singapore. SPF volition assistance the Korean National Police Agency (KNPA) wrong the ambit of our home authorities and planetary obligations.

Kwon has repeatedly indicated connected Twitter that helium has been successful Singapore. According to Singapore’s Straits Times newspaper, his enactment licence successful the city-state was owed to expire connected Dec. 7.

Last week, a spokesperson for South Korean prosecutors said arrest warrants person been issued for six people, including Kwon, noting that the Terraform Labs laminitis resides successful Singapore. Kwon is accused of fraud aft the illness of the cryptocurrency luna (now called luna classical (LUNC)) and stablecoin terrausd (UST). In addition, the country’s ministry of overseas affairs is reportedly readying to revoke his passport.

In the U.S., the Securities and Exchange Commission (SEC) is besides reportedly investigating Terraform Labs and the illness of stablecoin UST. In a fewer caller interviews, Kwon said helium was “devastated” erstwhile his crypto task collapsed.

On Saturday, Kwon explained his concern successful a bid of tweets. He insisted:

I americium not ‘on the run’ oregon thing akin — for immoderate authorities bureau that has shown involvement to communicate, we are successful afloat practice and we don’t person thing to hide.

“We are successful the process of defending ourselves successful aggregate jurisdictions — we person held ourselves to an highly precocious barroom of integrity, and look guardant to clarifying the information implicit the adjacent fewer months,” helium wrote successful different tweet.

Do you deliberation Do Kwon is connected the run? Let america cognize successful the comments conception below.