The “war of words” in between Korean officials and Terraform Labs CEO Do Kwon the moment once again has new developments.
According to South Korean media, prosecutors investigating the $ forty billion collapse of LUNA-UST, the cryptocurrency and stablecoin undertaking designed by CEO Do Kwon Terraform Labs, have brought new fees towards this character.
In distinct, Korean authorities explained they identified proof that Do Kwon had intentionally manipulated the worth of the LUNA coin. Prosecutors obtained testimony from a former Terraform Labs worker who admitted he was employed by CEO Do Kwon to manipulate LUNA’s rate. However, they had been unable to release any even more information and facts for the investigation.
Korean prosecutors have obtained a personal conversation in between Do Kwon and an worker in which he problems orders to manipulate LUNA’s marketplace rate. They also confirmed that he is at present advertising him in Europe as an unlawful immigrant. https://t.co/z7Z5R8rtEq
– FatMan (@FatManTerra) November 3, 2022
In response, Mr. Do Kwon, who is nonetheless “hiding” but nonetheless insists not to run away from the government, tweeted that these proceed to “distort the truth” moves by the Korean side to slander him in the public eye. This man or woman claims that the Earth investigation is now political and does not ensure fairness for him.
Yet, Do Kwon has also explained he is prepared to hold a press conference and welcome police from all above the planet, the place he will clarify the “ridicule” that Korea has set up.
Okay, I’ll organize a meeting / conference quickly to get above this hidden bs
Policemen from all above the planet are welcome to participate
– Do Kwon (@stablekwon) November 3, 2022
As reported by Coinlive, the South Korean authorities in mid-September 2022 issued an arrest warrant towards Do Kwon for alleged “violation of investment capital market regulations” relating to the LUNA-UST situation, which brought about non-key injury. minor account for the Korean public. Not stopping there, as Do Kwon was rumored to reside in Singapore, Korea asked the International Criminal Police Organization (Interpol) to situation a “wanted red” buy for this man or woman.
After it was identified that Do Kwon had left Singapore, South Korea made a decision to cancel Do Kwon’s passport. According to the detective company, this man or woman moved to Dubai prior to stopping in a European nation. Since his passport is no longer legitimate, Do Kwon will now be viewed as an unlawful immigrant.
During that time, Mr. Do Kwon nonetheless routinely employed Twitter to refute South Korean claims, from denying information and facts about frozen assets to refusing to understand his arrest warrant. Although he often insists on staying innocent and not operating away from the government, Do Kwon nonetheless refuses to reveal his recent whereabouts due to “privacy rights”.
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