Do Kwon denies all accusations and lives a normal life. Wait, is that an option?

Earlier, it was reported that two weeks ago, on September 14, law enforcement authorities in South Korea issued an arrest order for Do Kwon, accusing him of violating the law. The court found that the collapse of the Terra ecosystem, worth about $40 billion, led to a massive drop in the cryptocurrency market, from which nearly $1 trillion was withdrawn. This led to the loss of both personal fortunes and the bankruptcy of a number of corporate entities. Do Kwon denies all accusations against him.

Do Kwon manhunt

In response to the authorities’ accusations, Terraform Labs (TFL) accused the South Korean prosecutor’s office of exceeding its mandate. In a statement to The Wall Street Journal, a company representative highlighted that the digital asset LUNA is not a de jure security, and therefore, not subject to the relevant regulations. TFL suggested that prosecutors expand the definition of security in response to pressure from victims. As a result, the company called the Do Kwon investigation “politicized.”

As for the manhunt, Kwon, he says, is completely at ease with the fact that he is internationally wanted by Interpol and is not worried about it.

“I write the code in my living room,” said the head of Terraform Labs in response to numerous questions from users on Twitter.

However, the entrepreneur does not disclose his exact location. He only brags that he “makes zero effort to hide.” Do Kwon says he walks and shops calmly. According to him, the wanted order is also fake.

I am not “on the run” or anything similar – for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide

— Do Kwon 🌕 (@stablekwon) September 17, 2022

Was there a sale of personal bitcoins?

It was recently reported that Kwon attempted to cash in 3,313 bitcoins worth $67 million, for which he transferred his bitcoins to the KuCoin and OKX exchanges. The KuCoin exchange received 1,354 BTC, which were immediately frozen. OKX ignored the authorities’ requests so that the remaining funds could have been moved to other platforms, reporters said.

Kwon also reacted to the publication on his Twitter, wondering how many people were spreading incorrect information about him after the Terra collapse. The businessman stated that he has not made any attempts to withdraw bitcoins and has not used the previously mentioned KuCoin and OKX exchanges for at least a year.

What has been probably the most surprising in all this is the amount of misinformation that gets spread.

There is no “cashout” as alleged, i havent used kucoin or okex in at least the last year, and no funds of tfl, lfg or any other entities have been frozen. https://t.co/E1cbKgoqQz

— Do Kwon 🌕 (@stablekwon) September 28, 2022

Kwon added that no funds from Terraform Labs, Luna Foundation Guard, or any other related entities had been frozen by anyone. Routine work on restarting the project is underway, he said.

The bottom line

There is something wrong with the world, as one of these two sides of the conflict is clearly cheating. After reading this polemic, we can even assume that the collapse of Terraform Labs and Luna did not happen.

Either everything we read in the news is a lie, or Do Kwon is a stone-cold liar. As a reasonable conclusion, here’s a tweet from FatMan, which perfectly summarizes this intense extramural debate between Do Kwon and the press/authorities:

If you believe prosecutors are in the wrong, then why not respond to them in court instead of sending letters to the press?

If the LFG funds really went into UST, then why not publish the trade logs & transaction evidence?

If you're not on the run… Then why are you running?

— FatMan (@FatManTerra) September 28, 2022