Where is Do Kwon? Terra Luna Boss Claims He’s Not on The Run From Law
Do Kwon, founder of now-defunct blockchain firm Terraform Labs, has broken silence about the recent warrant authorizing his arrest, claiming that he is not on the run from the law.
A court in South Korea issued an arrest warrant for Do Kwon last week Wednesday, as reports suggested. Besides Do Kwon, the warrant permits the arrest of five other individuals affiliated with Terra. According to the court, Do Kwon and his partners violated the provisions of the Capital Market Act of South Korea.
While several proponents, especially the entirety of Crypto Twitter, believe Kwon is now eluding the authorities, the Terra boss has come up to dispel such beliefs. 'I am not "on the run" or anything similar," Kwon said in a tweet Saturday, three days after reports of the arrest warrant surfaced.
Speaking further, Kwon noted that he and his team are ready to discuss with relevant authorities seeking to communicate. According to him, they are willing to cooperate with the demands of the authorities because they "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," Kwon added, suggesting an inclination to subject himself to any form of litigation.
Nonetheless, regarding his whereabouts, the Terra boss has remained mum on the matter, citing privacy concerns. He noted that his whereabouts will only be disclosed to people who are his friends, whom he has plans of meeting, or with whom he plays a GPS-based Web3 game.
The warrant was the first ever official authorization of the arrest of the Terra boss since the Terra debacle which led to investor losses to the tune of
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