Is the founder of Terra Do Kwon hiding in Serbia?
2 min readDo Kwon has been swallowed up by the face of the earth for months. The founder of the collapsed Terra ecosystem is on the wanted list in 194 countries. The potential whereabouts range from Singapore to Dubai to Russia and most recently to Serbia. The latter could actually be a hot lead. Because like Bloomberg reported, South Korean investigators are said to have recently sent a team to the Balkan country. The Seoul prosecutor’s office called the reports “not false” but gave no information on the 31-year-old’s exact location.
Serbia: the perfect place to hide away?
However, Serbia is good as a safe haven for Do Kwon. In principle, there is no extradition agreement between Serbia and South Korea. An exchange would be possible via the European extradition agreement, because both states agreed to the agreement. However, according to Seung Jae-Hyeon from the Korea Criminal Justice Policy Institute, Serbia must be offered incentives in order to actually implement extradition across from the daily newspaper ChosunBIZ.
In addition, Serbia is a crypto-friendly country. At the end of June 2021, the country legalized the trading of Bitcoin and Co. The Terra founder may have chosen the country to protect his crypto deposits from further confiscations. South Korean prosecutors froze $40 million in cryptocurrencies in October last year.
In addition, neighboring Kosovo offers an additional escape option. The country is one of the few states that is not a member of the international police organization Interpol. This means that the Terra founder could quickly withdraw to the neighboring country if Serbia gets too hot. Provided, of course, that he can bypass passport control.
Terra founder: “I’m not on the run”
Meanwhile, the Terra boss continues to deny any attempts to escape. In a video interview with podcaster Laura Shin, Do Kwon justified the secrecy surrounding his whereabouts with “security concerns”. He also asked forgiveness from those injured in the Terra crash.
However, the crypto space does not really buy his remorse. “Then why didn’t he return the stolen funds?” asks Ari Paul of crypto investment firm Blocktower Twitter. The Terra founder then denied the allegation of theft again.
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic. Really.. thank you for starting this up. This website is something that is needed on the internet, someone with a little originality!
I do not even understand how I ended up here, but I assumed this publish used to be great
I appreciate you sharing this blog post. Thanks Again. Cool.
I just like the helpful information you provide in your articles
I just like the helpful information you provide in your articles
Awesome! Its genuinely remarkable post, I have got much clear idea regarding from this post.
I like the efforts you have put in this, regards for all the great content.
For the reason that the admin of this site is working, no uncertainty very quickly it will be renowned, due to its quality contents.
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
I think this post makes sense and really helps me, so far I’m still confused, after reading the posts on this website I understand.
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
For the reason that the admin of this site is working, no uncertainty very quickly it will be renowned, due to its quality contents.
Cool that really helps, thank you.
For the reason that the admin of this site is working, no uncertainty very quickly it will be renowned, due to its quality contents.
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
This is my first time pay a quick visit at here and i am really happy to read everthing at one place