The search for Do Kwon is still on and has taken a different dimension. Some other vigilantes have joined the hunt. But before then,
here is a recap of major events prior to this update:
- In May, police raided 15 locations of interest, including cryptocurrency exchanges and corporate offices linked to the matter.
- On 14th September, a court located in Seoul issued a warrant of arrest for Kwon and five other employees, who all were presumed to be in Singapore at that time.
- The next day, authorities contacted the country's Ministry of Foreign Affairs to nullify the passports of Kwon and the five employees.
- On 17th September, Singapore Police Force said the wanted Do Kwon was not in the country.
- On 19th September, South Korean prosecutors asked Interpol to issue a red notice for Do Kwon.
- On 27th September, South Korean prosecutors moved to freeze a 3313 BTC transfer linked to Kwon.
- On Oct 6th, South Korea’s Ministry of Foreign Affairs issued an order for Kwon to surrender his passport.
New updates
4,400 disgruntled investors have joined the hunt for Do Kwon
A group of 4400 vigilantes from a discord group called the UST Restitution Group (URG) have teamed up to seek the whereabouts of Do Kwon.
URG was originally formed on May 16 as a chatroom for Terra ecosystem investors and to help launch lawsuits on behalf of its members to recover funds lost from TerraUSD Classic (USTC), the so-called stablecoin that depegged from the United States dollar. Now, its members search for and share clues relating to Kwon’s whereabouts. Some have suggested that he could be residing in Russia, Dubai, or on a Yacht.
Singapore, Dubai, and a third unidentified country
According to a local report, South Korean Prosecutors believe Do Kwon left Singapore and landed at Dubai airport last month. However, as his entry record has not been confirmed, they think he traveled to a third country via Dubai. That country has not been identified yet.
Kwon’s statement
In an interview with Laura Shin, a crypto-journalist and host of the Unchained podcast, Kwon suggested he has been on the move due to private and security concerns. He said: “It’s not in the interest of being on the run or something like that, that I don’t want to disclose where I live. It’s just that every time the location where I live becomes known, it becomes almost impossible for me to live there.”
Fingers crossed for the next turn of events in this saga.
