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Members of a 4,400-strong Discord group called the “UST Restitution Group” (URG) are trying to locate Terra co-founder Do Kwon.
Members of this group, apparently frustrated by the lack of results from law enforcement, scour the internet for clues to track down Kwon and share them with the group.
Members suggest he may live in places such as Russia, Dubai, Azerbaijan, or Yacht.
Their continued efforts come despite South Korean authorities taking significant steps to bring Kwon to trial in a Seoul court. issue a warrant for his arrest September 14th and Interpol reported: Issued a “red notice” to law enforcement agencies worldwide on September 26, upon warrant.
URG was originally formed in May. 16 serves as a chatroom for investors in the Terra ecosystem and to help initiate litigation on behalf of its members to recover lost funds from the so-called stablecoin TerraClassicUSD (USTC) To do. De-pegging from USD.
According to news on October 19th, one of the URG members, Kan Hyung-suk, will be traveling to Dubai soon. report From the Financial Times, the city where many of the group believe Kwon is hiding. Another member of URG was reported to have said:
Dubai is crypto-friendly, very international (he keeps a low profile), and has limited extradition treaties. I think.”
Hyung-suk is a 26-year-old software engineer and former employee of Terraform Labs, developer of the Terra blockchain, and has been a member of URG since May 26th.
Kwon, who became a controversial figure in the wake of the implosion of the Terra ecosystem, He continues to insist he’s not ‘on the run’ And we are fully cooperating with all government agencies that have contact with him.
Related: South Korean foreign ministry orders Do Kwon to return passport
kwon is interviewed On October 19th, crypto journalist and Unchained podcast host Laura Shin asked a variety of questions related to the current news story.
Regarding his current whereabouts, Kwon suggested he moved from Singapore after the Terra crash due to privacy and personal security concerns, citing his apartment being broken into as an example.
“It’s not like I’m on the run or anything like that I don’t want to reveal where I live. But every time it’s known where I live, it makes it almost impossible for me to live there.” .”
A spokesperson for Terraform Labs said, Prosecution against Kwon is ‘highly politicized’and South Korean prosecutors responded to public pressure by expanding the definition of financial securities. Kwon echoed this sentiment in an interview with Shin.
