Balkans | Red Notice Wanted: A fugitive crypto-agent has turned up in Serbia

It was announced that the founder of Terraform Labs Do Kwon, who caused a major crash in the cryptocurrency market and sought a red notice, is in Serbia. The authorities are taking action to extradite Do Kwon to South Korea.

After these events, Do Kwon, the founder and CEO of Terraform Labs in South Korea, was investigated.

LUNA, the native cryptocurrency of the Terra Network, also crashed on it. In total, the $40 billion market cap evaporated in one week.

As a result of the investigation, it was determined that Do Kwon had committed gross negligence, and a red notice was issued through Interpol.

However, Do Kwon, who was in Singapore when the investigation was opened, fled that country and his whereabouts cannot be determined until today. On the other hand, South Korean media reported that Do Kwon passed to Serbia yesterday, based on official sources.

After this news, the Seoul Southern District Prosecutor’s Office confirmed that Do Kwon is in Serbia.

According to the news in Turk news. He stated that he was destined to pass through Dubai to this country. The authorities have taken measures to return the requested name to their country. South Korea does not have an extradition treaty with Serbia. Therefore, it is still not known how the process will work.

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