4400 Terra Investors Started Searching for Do Kwon Whereabouts

    TheMorningCrypto Desk
    TheMorningCrypto Desk

    Updated on January 25, 2023 12:01 PM

    Published on October 20, 2022 03:03 PM

    After the collapse of Do Kwon's terraUSD and luna currencies, UST Restitution Group is attempting to locate him.

    4400 Terra Investors Started Searching for Do Kwon Whereabouts

    According to South Korean authorities, Terra form Labs CEO Do Kwon left Singapore last month for Dubai. According to the reports, the Seoul Southern District Prosecutors' Office and the South Korean Police Force are actively collaborating to uncover the "wanted" developer.

    The Hunt for Do Kwon

    Due to South Korea Police’s inconsistent approaches to catch Do Kwon, frustrated terra investors made a UST Restitution Group (URG) to get a clue about where Do Kwon might be residing.  

    Based on information acquired by URG members who coordinate their operations through Discord, Do Kwon may be hiding out in Dubai, Russia, Azerbaijan, Seychelles, or Mauritius right now.

    However, according to the authorities, Kwon moved to a "third country" via Dubai.

    Recent Transaction Activities

    Many crypto retail investors think the Terra founder is in Dubai based on recent activities he has engaged in, like his dubious transfer of 3,313 Bitcoin to two foreign cryptocurrency exchanges just last month.

    Fortunately for URG, a chance to verify this hypothesis has arisen since Kang Hyung-suk, one of their members, is scheduled to travel to the United Arab Emirates in an effort to track down Do Kwon.

    Given that Kang has already made it plain that he has taken matters into his own hands, this could end badly for Kwon. In order to eventually deliver justice to everyone who has suffered as a result of Terra Lab's massive collapse, he (Kang) is also requesting the assistance of his fellow investors in this manhunt.

    Do Kwon on a Run

    As he denies being on the run from the police and prosecutors, it would appear that the terra CEO is misleading the authorities.

    Kwon claimed to have left South Korea at the end of 2021 in a recent interview. Due to security and privacy concerns, he declined to share his current whereabouts.

    Kwon looked to be in Singapore based on the social networking platform's location tool. Later, the police department for the city-estate confirmed that to be untrue.

    The URG will keep looking for information that will reveal the whereabouts of the Terra founder while he continues to avoid capture and conceal himself. For the time being, focus is on Kang Hyung-suk as he sets out on a quest to track down the elusive prominent crypto figure.