Do Kwon, who's reportedly residing in Singapore, is under investigation following the collapse of Luna and Terra USD 'stablecoins.'
, sent a request to South Korea’s Foreign Ministry to revoke his passport this week. If granted, Kwon, who’s reportedly hiding out somewhere in Singapore, would have to return to his home country within 14 days. The ministry did not immediately respond to Gizmodo’s request for comment but told Bloomberg it, “is taking necessary steps in accordance with relevant laws and regulations.”five others involved in Terralabs, on Wednesday, around four months after the TerraUSD disaster.
on Terralabs officials back in June, but some, including Kwon, were already out of the country at the time.The Terra and Luna cryptocurrencies, once valued at over $60 billion, plummeted to near worthlessness in May after the UST stablecoin became depegged from the dollar. Making matters worse, Korean SKwon and other executives suspiciously moved to shutter their Korean headquarters a mere week before the collapse.
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