- As per South Korean authorities, Do Kwon left Singapore last month for Dubai.
- 4,400 former Terra investors started searching for Kwon, following the actions taken by South Korea.
Do Kwon, the CEO of Terraform Labs, left Singapore last month for Dubai, claimed by the South Korean authorities. According to the reports, the South Korean police force and the Seoul southern district prosecutors’ office are currently working together to find the “wanted” developer.
Nevertheless, the authorities believe that Kwon relocated to a “third country” via Dubai.
Is the “Wanted” Do Kwon in Dubai?
The collapse of the Terra ecosystem has resulted in huge financial losses to many investors. Due to this, a South Korean court issued an arrest warrant for Kwon. Without further delay, the International Criminal Police Organization (Interpol) has released a red notice for the cryptocurrency developer. Following this, a group of investors who had previously invested in the Terra project started searching for Kwon.
Reportedly, 4,400 investors were a part of Discord, a social media platform, looking for Kwon’s whereabouts. Through Discord, UST Restitution Group (URG) members share their findings.
In September, a URG member disclosed:
Dubai is friendly to crypto, very international and has limited extradition treaties in place. It would seem like the best fit for the 3-5 hour timezone shift apparent in the data.
Members of URG also suggested that Kwon could be anywhere, including Dubai, Russia, Azerbaijan, Seychelles, or Mauritius. The group was created in May 2022 to assist investors in recovering money that they had lost during the Terra crash. But now it exists with a priority to find Kwon.
However, in a recent interview, Kwon stated that he has not been residing in South Korea since the end of 2021. However, he refused to reveal his current location due to security and privacy reasons.
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