The South Korean and American officials made the decision to look into the failure of the Terra blockchain together already a few months ago. Do Kwon, the creator of Terra, could undoubtedly assist in resolving any unresolved concerns with the government, but he left to Singapore right away following the incident.
Due to what the South Korean Advocate depute believes to be established breaches of securities legislation, an arrest order has been issued for Do Kwon. While South Korea has requested assistance from Interpol, Singapore has informed everyone that Do Kwon is no longer on its soil.
It appears that the creator of Terra moved 3,313 BTC worth more than $66 million to two bitcoin wallets soon after Interpol filed an international arrest order for Do Kwon, as reported. according to CoinDesk Korea:
“The Luna Foundation Guard (LFG) wallet was created on September 15 on Binance, the largest virtual asset exchange in the world. From there, a transfer of 3313 BTC took place to the wallets of Kucoin and OKX”.
Do Kwon does not appear to have any desire to voluntarily turn himself in to police, despite his assertions to the contrary on Twitter (NYSE:TWTR).
