South Korean publication KBS reports that Terra LUNA CEO Do Kwon is currently living in Europe, despite having his passport invalidated by South Korea’s foreign ministry.
Kwon had reportedly fled to the unknown European location via Dubai before his passport was invalidated.
Kwon ignores foreign ministry request
The revelation of Kwon’s alleged whereabouts comes almost a month after Seoul’s foreign ministry said that Kwon had two weeks to return his passport. If he didn’t comply, they would revoke the passport. Accordingly, the move would have forced Kwon to return to South Korea and face charges of capital markets law violation, together with several other employees of Terraform Labs.
Earlier this year, South Korean prosecutors of the Seoul Southern District launched a global manhunt for Kwon after the $40 billion collapse of the TerraUSD stablecoin and its sister token, LUNA, in May 2022.
TerraUSD was an…
