According to South Korean prosecutors, Do Kwon, the missing co-founder of Terraform Labs, is in Europe, according to a Friday Bloomberg article.
Additionally, according to the prosecution, they have chat logs that show price manipulation of the tokens he developed.
Do Kwon denied rumors that he was on the run and instead left for Singapore from his native South Korea. He asserted that he had relocated to Singapore before Terra’s demise.
He reaffirmed this assertion on Twitter, announcing that he would host a conference “to get over this in hiding bs.”
He reportedly departed Singapore for Dubai last month, according to a previous Coincu article.
The collapse of the Terra ecosystem has led to many consequences, including collapsed companies such as Three Arrows Capital and Celcius. So far, the matter is not over when Kwon is still outlawed.
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