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I'm not on the run

An arrest warrant has been issued against the founder of the spectacularly collapsed Terra crypto network.

By Finst News
• 2 min read
I'm not on the run

An arrest warrant has been issued against the founder of the spectacularly collapsed Terra crypto network since last week. Now Do Kwon has spoken out.

Last week, an arrest warrant was issued for Do Kwon in South Korea. The founder of Terraform Labs is accused of violating capital markets laws in connection with the Terra Luna collapse. According to the media, Do Kwon is currently in Singapore. Police authorities have since denied this.

View post on X has Do Kwon now issued a statement. "I'm not on the run or anything like that - for any government agency that has shown interest in communicating, we are fully cooperating and have nothing to hide," said the Terra boss.

The Terra crypto network collapsed in April this year within a matter of days. Thousands of investors lost their savings. Allegations of price manipulation and money laundering are hanging over the case. The SEC is now also investigating Do Kwon.

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