South Korean officials traveled to Serbia to find Do Kwon

The hunt for the arguable laminitis of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent astatine slightest 2 radical to Serbia to way him down.

According to a Feb. 7 Bloomberg report, the prosecutor’s bureau successful Seoul said the reports “aren’t false” regarding members of its squad trekking retired to the Balkan authorities to find Kwon.

It appears astatine slightest 2 authorities officials went — 1 from the prosecutor's bureau and the different being a elder subordinate of South Korea’s Justice Ministry.

Do Kwon speaking astatine a league astir Terra earlier the ecosys. Source: Terra.

South Korean-based work Chosun Media confirmed connected Dec. 11 that a authorities quality authoritative informed them that Kwon had based himself successful Serbia.

There is presently nary extradition pact successful effect betwixt South Korea and Serbia.

This apt made Serbia a large hideout spot for Kwon, according to a caller sentiment nonfiction from Minso Kim — a writer for the South Korean work Chosun Media.

South Korea has nevertheless stripped Kwon of his passport which whitethorn marque aboriginal question much difficult.

Kwon has been accused of being connected the tally since Sept. 14 erstwhile South Korean prosecutors issued an apprehension warrant against him, an accusation that helium denied successful October.

The 31-year-old fallen entrepreneur has besides been accused of breaching superior markets laws.

While Kwon is known to beryllium a prolific tweeter, helium went astir 2 months without tweeting oregon retweeting a azygous station — causing some to speculate what the arguable fig has been up to.

But Kwon precocious responded to an evocative tweet targeted astatine him, stating that helium hasn’t stolen immoderate wealth and has ne'er had immoderate “secret cashouts.”

To date, Kwon denies immoderate wrongdoing.

Related: Terraform Labs claims lawsuit against Do Kwon is ‘highly politicized’: WSJ

The illness of the Terra ecosystem was successful portion triggered by the de-peg of its TerraClassicUSD (USTC) algorithmic stablecoin, Terra Classic (LUNC) was intimately linked to the stablecoin with that excessively falling adjacent to 100%.

Approximately $60 cardinal worthy of worth was wiped retired of the ecosystem.

Cointelegraph reached retired to Terraform Labs and the South Korean Prosecutor’s bureau for remark but did not person an contiguous response.