Do Kwon, the co-founder of stablecoin TerraUSD, is a wanted man in South Korea. As a result, the world’s largest
Last week, a South Korean court issued an
However, since that warrant was issued, Do Kwon is nowhere to be found. Do Kown was Originally believed to be in Singapore, but the Singapore Police Force told
On Saturday, Do Kwon posted a
“I am not ‘on the run’ or anything similar — for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide,” he said in one
Prosecutors in South Korea disputed these claims the next day, saying Do Kwon was “obviously on the run.” According to the
And things are continuing to escalate for Do Kwon. On Monday, the Financial Times
While Do Kwon’s original stablecoin went up in smoke earlier this year, the crypto founder attempted to bounce back by
However, the world’s largest crypto exchange, Binance, has taken action…just not by delisting the token. Instead, when users land on Binance’s webpage to trade Terra 2.0, a prompt appears on the screen.
“Please Note: A South Korean court has issued an arrest warrant against the cofounder of Terra 2.0 (LUNA),” reads the message. “Please understand the risks involved and trade with caution. Binance will not be held responsible for any trading losses.”
Users are then required to click an “I understand” button.
At the time of publishing, Terra is trading at $2.60, which is down around 40 percent from right before prosecutors issued the arrest warrant for Do Kwon last week.