Posting an announcement on the South Korean Ministry of Foreign Affairs website Terra (Luna) its creator announced that it will invalidate Do Kwon’s passport. The move was a move the government said it was first considering last month.
According to an announcement on the government’s website, Do Kwon has 14 days to return his passport.
South Korea Says Terra (LUNA) Founder Do Kwon’s Passport Is Invalid
The government said the notice was made public because the passport return order could not be delivered.
Normally, canceling a passport means that Kwon can no longer leave South Korea. If he is not currently in South Korea, it will probably be difficult for him to travel elsewhere.
Authorities gave Kwon 14 days from the issuance of the notice to return his passport.
Kwon has recently started tweeting that contradicts what Korean officials are saying.
After prosecutors told reporters that a Red Notice had been issued, Do Kwon said he could not find such a Red Notice order on the intergovernmental police agency’s public website.
He also denied allegations that he had “escaped”, despite a South Korean arrest warrant and statements from Singapore authorities saying they could not find him.
Issuer of the Terra ecosystem token Terraform Labs In a previous statement, he stated that the arrest warrant was outside the jurisdiction of prosecutors, describing the investigation as “highly political” and claiming that fundamental rights were violated.
Terra, of which Kwon is the originator, suffered a major collapse in May of this year and lost billions of dollars in value within days, making its investors suffer.
*Not investment advice.
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