Terra Calls Do Kwon’s Case Unfair and “Highly Politicized”

The case and investigation against Terra founder Do Kwon has taken several turns recently. While Interpol is looking for Kwon’s location, the Terra founder says he is not in hiding and leading a normal life.

 

In the recent development, Terraform Labs said that the case against Do Kwon remains “highly politicized”. In a statement to Bloomberg, the spokesperson said that the south Korean prosecutors had demonstrated “unfairness and a failure to uphold basic rights guaranteed under Korean law”. He also stated that there’s “no reasonable bias” over their accusations of breaches of the capital market laws.

 

The implosion of the Terra ecosystem in May 2022 led to the erosion of more than $60 billion worth of investors’ wealth. The South Korean prosecutors have recently sought the help of Interpol to find Terra founder Do Kwon. Earlier in September, Kwon was reportedly in Singapore. However, the city police said that Kwon is no longer there. The prosecutors had previously said that Kwon has been evading their probe.

 

Terra Do Kwon is not on the run

The Terra founder has denied allegations of him hiding anywhere and in a tweet earlier this week, he said that he’s living a very normal life. The Terraform Labs spokesperson also told Bloomberg that Kwon “is in contact with all government agencies that have asked to communicate with him,” via lawyers.

 

He further added: “he is not on the run and remains actively involved in the management and oversight of Terraform Labs.”

 

Recent reports suggested that Kwon has been moving over 3,000 Bitcoins from Terra’s reserves. However, the parent group – Luna Foundation Guard – has refused this thing.

 

Later, Do Kwon himself responded, “What has been probably the most surprising in all this is the amount of misinformation that gets spread. There is no cashout as alleged, i havent used KuCoin or Okex in at least the last year, and no funds of tfl, lfg or any other entities have been frozen.”

 

Read More:

LUNA Classic Burn: Will LUNC Burn Its Supply?

Tamadoge Crypto Price Prediction 2022-2023-2025

Pi Network Mainnet: When Is Pi Coin Launching?

ConstitutionDAO (PEOPLE) Coin Price Prediction 2023, 2025, 2030

Galxe (Previously Project Galaxy) Price Prediction 2023, 2025, 2030: Is GAL Coin a Good Investment?

Mina Protocol (MINA) Price Prediction 2023, 2025, 2030: Is MINA a Good Investment?

Toncoin (TON) Coin Price Prediction 2023, 2025, 2030

Internet Computer (ICP) Price Prediction 2023, 2025, 2030: Is ICP a Good Investment?

Internet Computer (ICP) Price Prediction 2023, 2025, 2030 — Is ICP a Good Investment?

Neo (NEO) Price Prediction 2023, 2025, 2030: Is Neo a Good Investment?

Alchemy Pay (ACH) Price Prediction 2023, 2025, 2030 – Is ACH a Good Investment?

Neo (NEO) Price Prediction 2023, 2025, 2030: Is Neo a Good Investment?

Conflux (CFX) Price Prediction 2023, 2025, 2030 — Is CFX a Good Investment?

Core DAO (CORE) Price Prediction 2023, 2025, 2030

Arweave (AR) Price Prediction 2023, 2025, 2030 — Is AR a Good Investment?

Synthetix (SNX) Price Prediction 2023, 2025, 2030 — Is SNX a Good Investment?

Measurable Data Token (MDT) Price Prediction 2023, 2025, 2030

Adventure Gold (AGLD) Price Prediction 2023, 2025, 2030 – Is AGLD a Good Investment?

Arbitrum (ARB) Price Prediction 2023, 2025, 2030

BitTorrent (BTT) Price Prediction 2023, 2025, 2030

Measurable Data Token (MDT) Price Prediction 2023, 2025, 2030

SafeMoon (SFM) Price Prediction 2023, 2025, 2030

OMG Coin Price Prediction 2023, 2025, 2030

Alien Worlds (TLM) Price Prediction 2023, 2025, 2030

Reserve Rights (RSR) Price Prediction 2023, 2025, 2030

Bitgert Price Prediction for 2022-2030: Can Brise Reach 1 Cent in 2030?

JasmyCoin (JASMY) Price Prediction 2023, 2025, 2030: Is JASMY a Good Investment?

Pi Coin Price Prediction: Will Pi Ever Be Worth Money?

Loopring Price Prediction: What Will LRC Coin Be Worth 2030?

Tamadoge Crypto Price Prediction 2022-2023-2025

Quant (QNT) Price Prediction 2023, 2025, 2030 — Will QNT Hit $10,000?

Tectonic (TONIC) Price Prediction 2023, 2025, 2030 — Will TONIC Hit $1?

Baby Doge Coin Price Prediction 2023, 2025, 2030: Can Baby Doge Coin Reach 1$?

Loopring Price Prediction: What Will LRC Coin Be Worth 2030?

Helium (HNT) Price Prediction 2023, 2025, 2030 — How high can HNT go?

LCX Price Prediction 2023, 2025, 2030 | Is LCX a Good Investment?

Shping Price Prediction: Can Shping Coin Reach $1?

LCX Price Prediction 2023, 2025, 2030 | Is LCX a Good Investment?

Floki Inu (FLOKI) Price Prediction 2023, 2025, 2030 — Is FLOKI a Good Investment?