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Alameda Research, do kwon, Genesis Trading, Interpol red notice, Korean National Police Agency (KNPA), Law Enforcement, Sam Bankman-Fried, Singapore Police Force, terraform labs, UST depeg, voyager
Fugitive Do Kwon Now Staying in Serbia Report Says – Terraform Labs CEO Suggests SBF to Blame for UST Depeg – Regulation Bitcoin News
A new report has claimed that Do Kwon, the fugitive CEO of Terraform Labs, is currently in Serbia. The report added that the South Korean government has engaged the Serbian government regarding the matter. Meanwhile, Kwon has accused Sam Bankman-Fried and Alameda Research of orchestrating events that led to the “depeg” of Terra’s once-stable coin UST.
Does Kwon get help in Serbia
According to South Korean online publication Chosun, Do Kwon, CEO of Terraform Labs, who is wanted on charges of providing false information to investors, lives in Serbia. The report added that the Ministry of Justice in Seoul is now seeking the Serbian government’s help in investigating the allegations.
The authorities will also investigate the possibility of Kwon getting help from someone in Serbia.
The latest revelation of Kwon’s whereabouts comes just months after reports suggested he was in Singapore. However, these reports were later dismissed by the Singapore Police Force, which also pledged to assist the Korean National Police Agency (KNPA) “within the framework of our national legislation and international obligations”.
Kwon, who remains active on Twitter, has previously denied reports that he is on the run. However, that did not stop a court in South Korea from issuing an arrest warrant. Global law enforcement agency Interpol has issued a Red Notice, which is a “request to law enforcement worldwide to locate and temporarily detain a person pending extradition, surrender or similar legal action.”
I think the time has come @GenesisTrading to reveal if they gave the $1B UST shortly before the crash to SBF or Alameda – the purchase from LFG was represented as a result of “interest in participating in the Terra Defi ecosystem” – not to obtain ammunition for a node attack
— Do Kwon 🌕 (@stablekwon) 8 December 2022
Kwon blames Sam Bankman-Fried for UST Depeg
Meanwhile, in his December 7 Twitter thread, Kwon appears to suggest that Alameda Research may have orchestrated an attack that ultimately led to the downfall of stablecoin UST.
“I think the time has come for Genesis Trading to disclose if they gave the $1B UST shortly before the crash to SBF [Sam Bankman-Fried] or Alameda — the purchase from LFG was represented as a result of ‘interest in participating in the Terra Defi ecosystem’ — not to obtain ammunition for a hook attack,” Kwon wrote.
Kwon also questioned why Alameda borrowed BTC from Voyager during a period that he said coincided with the “depeg dates.” After arguing his case against Sam Bankman-Fried and Alameda Research, Kwon ends the thread by saying that “what is done in darkness will come to light.”
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