Do Kwon is not in Singapore, according to police: Reuters

Quick Take

  • Terraform Labs founder Do Kwon, who is wanted by South Korean authorities, is not in the country, Reuters reported, citing a police statement.
  • Earlier this week, a South Korean court issued an arrest warrant for the high profile crypto executive, four months after the Terra ecosystem collapsed.

Singapore police said in a statement late Saturday that Terraform Labs founder Do Kwon, who is wanted by South Korean authorities, is not in the city-state, according to reporting by Reuters.

Singapore police are willing to assist South Korea "within the ambit of its domestic legislation and international obligations," according to the report.

On Wednesday, a South Korean court issued an arrest warrant for the crypto project founder, four months after the collapse of the Terra ecosystem, its native luna token and its TerraUSD algorithmic stablecoin — which together wiped out about $40 billion in value. 

The next day, South Korean prosecutors asked the country’s Foreign Ministry to invalidate his passport, so the crypto developer would be unable to travel.

<