TerraUSD crypto founder Do Kwon denies he’s on run

Do Kwon, the founder of the collapsed Luna and TerraUSD tokens, said he is not “on the run” hours after Singapore police said he was no longer in the country.

Kwon, along with five others, faces arrest in South Korea. On September 14, the Seoul prosecutor’s office said he and the others, accused of capital market law violations, were all in Singapore. After local police issued a statement on Saturday, Kwon tweeted that he has nothing to hide and is in “full cooperation” with government agencies.

“For any government agency that has shown interest in communicating, we are in full cooperation and have nothing to hide,” Kwon said, without providing details on his whereabouts. “We are in the process of defending ourselves in multiple jurisdictions; we have held ourselves to an extremely high level of integrity and look forward to clarifying the truth over the coming months.”

South Korean prosecutors are also seeking permission from the country’s foreign ministry to revoke Kwon’s passport. If that happens, Kwon would have to return to Seoul within 14 days, according to the policy.

Singapore police told Bloomberg they will assist the Korea National Police Agency “within the scope of our domestic law and international obligations.”

Kwon found himself at the center of one of the biggest explosions in crypto when TerraUSD, also known as UST, collapsed from his dollar and brought down the ecosystem he had built. The $60 billion wipeout also saw the implosion of a related token known as Luna. May’s collapse shook faith in the digital asset sector, which has yet to recoup much of its losses.

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