Terraform Labs spokesperson stated that CEO Do Kwon’s location was not shared on the grounds of his physical security and that South Korea had politicized this event too much.
Speaking to The Wall Street Journal (WSJ) about Terra CEO Do Kwon, a Terraform Labs spokesperson said that Do Kwon and his family would not disclose their position due to “physical security risks”. in May about to a $40 billion crash Months after the Terra crisis, which caused and victimized thousands of users CEO Do Kwon and his team An arrest warrant was issued for him. The decision was announced by the South Korean court last week.
Authorities recently reported to the Singapore government that Do Kwon cancel their passport had requested. Passports were revoked by Singapore, but Kwon and his 5 friends they have already left the country it was noticed. Thereafter, Do Kwon, who was described as “clearly fugitive”, was reported by Interpol. red notice removed.
After the developments, the Terraform Labs spokesperson made the following statements on the subject:
Like many in the industry, Korean financial officials recently changed their style and introduced Luna as a security. But Luna Classic is not a security, and we believe it never has been. We think that this case has become highly politicized and unfortunately shows the failure of the authorities to protect the fundamental rights guaranteed by South Korean law.
Although Do Kwon and the Luna Foundation Guard (LFG) claim that there is no smuggling situation and no effort has been made in this regard, detailed searches of South Korea and Interpol continue. The spokesperson speaking on behalf of Do Kwon and his teammates said,Do Kwon’s location is a private matter due to ongoing physical security risks for him and his family, I refuse to comment on his location.” he stated.