Do Kwon is reportedly getting ready to head back to Seoul, the nation he had to abandon after Terra’s demise. He would have engaged attorneys from a big legal firm to lay the foundation. A behavior at odds with his previous remarks on a potential return from exile.
Toward the founder of Terra’s return to Seoul?
Do Kwon is the CEO of Terraform Labs, which in May saw the collapse of its stablecoin UST and token LUNA. This young Stanford graduate was forced to flee to exile in Singapore, which put him in danger.
Was he behaving out of worry of being sued in South Korean territory? Or was he afraid for his life and the lives of those he loved? Because right after the Terra crash, there was an actual attempt to break into his Seoul home.
The perpetrator of this deed is none other than a hapless investor who merely desired compensation for the damage the de-peg of the UST to the dollar caused.
Do Kwon recently broke his silence. He wants to reassure investors during an interview with Coinage. And this despite the significant losses brought on by this change in the scenario, which, according to L’Echo, totaled 500 billion dollars for the cryptocurrency market and 40 billion dollars for investors.
He mentioned that he might go back to South Korea:
- “ It’s a bit difficult to make this decision, because we have never been in contact with the investigators. They never accused us of anything. “
- “ Do Kwon is hiring lawyers in South Korea to prepare for the prosecution’s investigation into the Terra collapse.
Will Kwon be detained when he gets back?
very likely Even though he claims there was no lawsuit filed against him after the project failed, we are aware that he does not exactly have a spotless record in the eyes of the South Korean legal system.
There are some claims that Terra Labs has already been holding the equivalent of $3.6 billion in UST and USDT without making a disclosure. It revealed a possibility that Kwon and his entire team were laundering money.
Not to add, the hacktivist collective Anonymous is pursuing him. After the destruction of Terra, they in fact spoke with him as follows:
- “ Do Kwon, if you listen to us, unfortunately, there is nothing that can be done to reverse the damage you have caused. At this point, the only thing we can do is hold you accountable and ensure that you are brought to justice as soon as possible. “
We also know that FatMan has information about Do Kwon and his followers that he wants to make public. Interpol is another option that might step in if necessary.
He would therefore no longer live his lovely life in Singapore if he were to move back to Seoul.
In conclusion, Do Kwon can use his twitter account to motivate others, take support actions like forking Terra, etc., but he must be ready for the worst when he gets to Seoul. He may be using denial as a communication tactic if, for the time being, he denies making any preparations for leaving exile. To temporize the conflicts, use history.
