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Do Kwon, no longer in Singapore, says he's not 'on the run'

Bloomberg
Bloomberg • 3 min read
Do Kwon, no longer in Singapore, says he's not 'on the run'
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Do Kwon, the founder of the collapsed Luna and TerraUSD tokens, said he’s not “on the run” hours after Singapore police stated he was no longer in the country.

Kwon, along with five others, is facing arrest in South Korea. As recently as Sept. 14, the prosecutor’s office in Seoul said he and the others, who are accused of violations of capital markets law, were all in Singapore. After local police issued a statement Saturday, Kwon tweeted that he doesn’t have anything to hide and is in “full cooperation” with government agencies.

“For any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide,” Kwon said, without providing specifics on his whereabouts. “We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months.”

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