Do Kwon On The Run? Korean Prosecutors Ramp Up Pursuit of Terra Founder
Is Do Kwon, the founder of Terraform Labs, truly on the run? South Korean prosecutors are intensifying their efforts to locate him, alleging he is actively evading investigation following the catastrophic collapse of TerraUSD (UST) and Luna (LUNA) cryptocurrencies. The saga, which wiped out an estimated US$60 billion, continues to unfold as authorities seek to hold Kwon accountable.
Korean Prosecutors: Do Kwon "Obviously On The Run"
Recent statements from Korean prosecutors paint a stark picture of Kwon\'s alleged attempts to avoid justice. Reports indicate prosecutors believe he is "obviously on the run," despite his denials. On 19 de sept. de 2025, South Korean prosecutors stated that $LUNA founder Do Kwon is on the run and not cooperating with the investigation. A prosecution official shared the news, adding weight to the claims. Kwon\'s tweet stating "I am not on the run or anything similar" directly contradicts this assertion.
Do Kwon\'s Whereabouts: Singapore and Beyond?
The timeline of Kwon\'s movements is crucial to understanding the situation. On 18 de sept. de 2025, prosecutors reported that Kwon flew to Singapore "obviously on the run" around late April. They also stated he dissolved Terraform Labs Korea at that time, potentially hindering the investigation. This raises questions about his current location and whether he is attempting to evade extradition.
Fraud Allegations Mount Against Terraform Labs Founder
The allegations against Do Kwon are serious, with Korean prosecutors accusing him of fraud related to the collapse of TerraUSD and Luna. The 18 de sept. de 2025 statement by Korean prosecutors identifies Kwon as the "wanted founder of Terraform Labs accused of fraud." The scale of the financial damage caused by the cryptocurrency crash has prompted widespread calls for accountability.
South Korean Prosecutors Determined to Bring Do Kwon to Justice
The pursuit of Do Kwon remains a top priority for South Korean authorities. On 19 de sept. de 2025, South Korean prosecutors’ team claims Terra’s founder Do Kwon is “obviously on the run”. As stated on 19 de sept. de 2025, SEOUL - South Korean prosecutors raised the prospect that Do Kwon, the progenitor of a US$60 billion (S$84.4 billion) cryptocurrency wipeout, is trying to evade redress. The investigation is ongoing, and the international implications of this case continue to unfold.