Since Terra Luna crashed, Do Kwon is the number one subject in the crypto space. While he tells people he is open to collaborating regarding the crash, he also seems to be on the run and withdrew 3,313 bitcoins. Does he plan to hide?
I am not “on the run”
Tbh havent gone running in a while, need to cut some calories https://t.co/SP9VtS5ob2
— Do Kwon 🌕 (@stablekwon) September 17, 2022
On September 17th, he said he is not on the run on Twitter publicly and even joked about “cutting some calories.” However, he explicitly said he would not reveal his location. At the same time, some data reveal he tried to cash out $67 million worth of Bitcoin one day after the arrest warrant was issued on September 14th.
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Now Do Kwon even received a Red Notice from Interpol, but he continues to ignore what is happening around him, as you can see in the tweet he posted a little later after the international arrest warrant.
For something that has notice in the name it sure gives no notice
Tried to search it here, found nothing: https://t.co/SuX3aIu6r6
— Do Kwon 🌕 (@stablekwon) September 26, 2022
After the $40 billion Terra ecosystem collapsed, the whole cryptocurrency market followed, losing about a trillion dollars from the total crypto market cap. Even after such chaos, Kwon persisted in having the support of the community by maintaining his innocence and claiming that he had lost everything in the collapse. Is he really innocent? He was known for being arrogant and ignorant months before Terra collapsed, so this is nothing new.
Authorities in South Korea reportedly requested two prominent cryptocurrency exchanges, KuCoin and OKX, to block 3,313 BTC. They were allegedly able to block Bitcoin, valued at about $27 million. Shortly after receiving the arrest warrant, Kwon allegedly made a new wallet for the Luna Foundation Guard, a non-profit backing Terra.
There is a lot of controversies connected to Do Kwon, who denies allegations that he is on the run but keeps hiding at the same time. The only thing here we should look at is actions, not words.