Members of a 4,400-strong Discord group referred to as the “UST Restitution Group” (URG) have been trying to trace down the whereabouts of Terra co-founder Do Kwon.
Members of the group, seemingly out of frustration on the lack of outcomes from legislation enforcement companies, are scouring the web for clues and sharing them with the group in an try to trace down Kwon.
Members have urged that he might be residing in locations corresponding to Russia, Dubai, Azerbaijan, and even on a yacht.
Their persevering with efforts come regardless of authorities in South Korea taking vital steps to convey Kwon to justice, with a Seoul court docket issuing a warrant for his arrest on Sep. 14 and Interpol having reportedly issued a “Red Notice” to legislation enforcement worldwide on Sept. 26 in response to the warrant.
URG was initially fashioned on May. 16 as a chatroom for Terra ecosystem investors and to assist launch lawsuits on behalf of its members to get well funds misplaced from TerraClassicUSD (USTC), the so-called stablecoin that depegged from the U.S. greenback.
One member of URG, Kan Hyung-suk, will quickly be touring to Dubai in keeping with an Oct. 19 report from the Financial Times, a metropolis the place many from the group imagine Kwon is hiding. Another member from the URG was reported as saying:
“Dubai is friendly to crypto, very international (he would not stand out), and has limited extradition treaties in place. It would seem like the best fit for the 3-5 hour timezone shift apparent in the data.”
Hyung-suk is a 26-year-old software program engineer and a former worker of Terraform Labs, the corporate behind the event of the Terra blockchain, and has been a member of the URG since May 26.
Kwon, who turned a controversial determine within the wake of the Terra ecosystem implosion, has maintained claims he’s not “on the run” and is absolutely cooperating with all authorities companies in communication with him.
Related: South Korean overseas ministry orders Do Kwon to return his passport
Kwon was interviewed on Oct. 19 by Laura Shin, a crypto-journalist and host of the Unchained podcast, who requested him a variety of questions referring to present information tales.
Speaking on his present whereabouts, Kwon urged that he moved from Singapore following the Terra crash resulting from privateness and private safety issues, saying for example that his condo was damaged into, and acknowledged:
“It’s not in the interest of being on the run or something like that, that I don’t want to disclose where I live. It’s just that every time the location where I live becomes known, it becomes almost impossible for me to live there.”
A spokesperson from Terraform Labs maintains the fees in opposition to Kwon are “highly politicized”, and that South Korean prosecutors have expanded the definition of monetary securities in response to public stress. Kwon echoed this sentiment throughout his interview with Shin.
