Terra Founder Discusses on the Lam Status by Claiming Fraud Allegations Are 'Politically Motivated'
of the Unchained Podcast released Tuesday, Laura Shin talked to Kwon extensively about allegations of fraud against his company as well as what the Terra Labs founder has been up to since South Korean law enforcement put a warrant out for his arrest. In September, prosecutors put a notice out for Kwon as well as five other top employees of his Singapore-based company for alleged violations of the country’s Capital Markets Act.
Kwon even claimed that he hasn’t actually seen the arrest warrant, though Shin points out the prosecutors posted a PDF of the warrant online since they haven’t been able to hand deliver it. The crypto founder then went on to claim the CMA charges are not “applicable,” the allegations against him are “politically motivated” and any charges centered around the CMA are not “legitimate.
As a quick reminder, Do Kwon is CEO of Terraform Labs, the company behind the Terra and Luna crypto ecosystem thatback in May once the Terra stablecoin became “depegged” from the price of the U.S. dollar. This set off a cascading effect throughout the entirety of the crypto ecosystem and has been one of the main causes for the ongoing “crypto winter” where the price of coins remain far lower than 2021 highs.
We all need privacy, especially online. Your IP address and your browsing should be hidden from unecessary surveillance. Rest assured that PIA’s virtual private network never keeps any usage logs—ever.Shin explicitly asked Kwon if he was still in Singapore, the nation state where his company Terra Labs is based. The Terra founder said “it’s not in the interest of being on the run to not disclose where I live.” So far Kwon has evaded the police.
When Shin asked Kwon why he hasn’t “returned to South Korea” after Seoul prosecutors put out a warrant for his arrest, Kwon tried to avoid the question saying he hasn’t been living in South Korea recently, “so it wouldn’t be accurate to say ‘returning to South Korea.’” Kwon is a South Korean native, and up until recently had at leastFor those unable to sit through the full interview, Shin put up a few highlights to her Twitter.
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