Fugitive Do Kwon is Now Staying in Serbia — Terraform Labs CEO Says SBF is to Blame for UST Depeg


According to a new report, Do Kwon is currently living in Serbia as the fugitive CEO at Terraform Labs. According to the report, the South Korean government had contacted the Serbian government about the matter. Kwon accuses Sam Bankman-Fried, Alameda Research and Sam Bankman-Fried of orchestrating events that led the “depeg” of Terra’s once-stable UST coin.
Do Kwon Getting Help in Serbia
According to Chosun, Do Kwon is a South Korean online publication who is being sought on charges of providing false information for investors. According to the report, the Seoul justice ministry is seeking the assistance of the Serbian government in investigating the claims.
According to reports, authorities are also investigating the possibility Kwon might be assisted by someone from Serbia.
Kwon’s latest location revelation comes only a few months after reports suggested he was in Singapore. These reports were later refuted by the Singapore Police Force, who also promised to help the Korean National Police Agency (“KNPA”) “within the scope of our domestic legislation” and international obligations.

Kwon, who is still active on Twitter, denied reports that he was on the run. A South Korean court issued a warrant for Kwon’s arrest. Interpol, the global law enforcement body, has issued a red note, which is a request to law enforcement worldwide to locate an individual and provisionally arrest them pending extradition, surrender or similar legal action.

@GenesisTrading should reveal if they provided $1B UST just before the crash to SBF/Alameda – LFG represented that the purchase stemmed from “interest to participate the Terra Defi ecosystem” – it was not intended to provide ammo for a Peg Attack.
— December 8, 2022, Do Kwon (@stablekwon).

Kwon Blames Sam Bankman Fried for UST Depeg
Kwon suggests that Alameda Research may be behind an attack that ultimately led to the demise of the stablecoin UST in his Dec. 7 tweet thread.
Kwon wrote that Genesis Trading should reveal if they provided $1B UST just before the crash to SBF [Sam Bankman Fried] or Alameda – the purchase from LFG was attributed to ‘interest to participate the Terra Defi ecosystem’ – and not to provide ammo to a peg attack.
Kwon also asked why Alameda borrowed BTC form Voyager during a period he claimed coincided with the “depeg date.” Kwon concluded the thread by saying that “what’s done is dark will come to light.”
What are your thoughts about this story? Please comment below to let us know your thoughts.


Add a Comment

Your email address will not be published. Required fields are marked *