Terra founder Do Kwon once again stated in Laura Shin’s Unchained podcast that he is not “on the run.” However, he refused to reveal his whereabouts to him.
According to Kwon, the allegations against him in South Korea are “politically motivated”.
“We are a little disappointed that the prosecutor’s office is trying to create a new regulation through criminal proceedings, when this is the responsibility of the legislator, or at least financial control,” he said.
Kwon wanted by the authorities along with five other Terraform Labs employees on charges related to the collapse of the Terra project.
He claims that he did not see an arrest warrant and that he received all the information from the media.
“I don’t think any of the expenses of the Capital Markets Act apply. The government’s position is that cryptocurrencies are not subject to its action, as they are not securities. Therefore, we believe these allegations are illegal and politically motivated, “Kwon said.
He had previously denied hiding from the investigation. At the same time, he refused to name the country of residence:
“The easier it is for people to find out where I am, the harder it is for me to continue my normal life.”
He cited personal safety concerns as the main reason. He noted that interested investors raided his homes in Singapore and South Korea in May.
Kwon commented move in September Bitcoin linked to Luna Foundation Guard (LFG) at KuCoin and OKX exchanges. According to him, the transaction of funds to the platforms does not necessarily mean their sale.
This is not the only movement of funds from the organization in relation to which questions have arisen.
“There were allegations that we moved the LFG funds to a Gemini deposit wallet and then they stayed there or something. All we did was confirm the deal with the market maker and transfer the bitcoin to the address. specified by him, “said Kwon.
He added that he hired an analytics company that had access to data from the Luna Foundation Guard. In the next “two weeks”, the company will presumably publish a report that will bring “much more clarity”.
“There is no embezzlement or theft of funds or anything like that, which seems to be written in the media,” Kwon pointed out.
Regarding returning the funds he promised to users, he said he has no idea how long this process might take.
“Now LFG is unable to freely dispose of assets. He is awaiting a civil trial, ”Kwon said.
Recall that in September he said it “not on the run” and collaborate with law enforcement.
According to media reports, the prosecutor turned to the foreign ministry with a request cancel your passport And sent a request to Interpol at the red notice.
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