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Do Kwon Hunted By South Korea Officials in Serbia

A South Korean delegation went to Serbia to search for crypto villain Do Kwon, who is "happy to address specific allegations."

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Where in the world is Do Kwon? In December, South Korean legal experts had suspected that the Terra founder had sought refuge in Serbia.

Korea Criminal Justice Policy Institute researcher Seung Jae-Hyeon explained that Serbia and South Korea have never signed an extradition treaty, making for the perfect hiding place for the Korean fugitive.

“In order for South Korean prosecutors to secure an arrest, Serbia must issue an extradition order, and extraditions need to be mutually beneficial," Seung said. "Serbia is still an unprecedented nation in this regard.”

On Tuesday, the prosecutors' office in Seoul said the reports that one of its team visited Serbia last week along with a senior Justice Ministry official "aren't false."

Unclear whereabouts

Do Kwon's location has been unclear since September last year after South Korea issued an arraset warrant for him following the crash of LUNA, the native token of the Terra ecosystem. Even Interpol Issued a Red Notice calling for law enforcement around the world to locate and arrest the crypto outlaw.

Speaking to journalist Laura Shin in October, Do Kwon said about his location: “it’s not in the interest of let’s say, being on the run or something like that, that I don’t want to disclose where I live, it’s just that every time the location where it live becomes known, it becomes almost impossible for me to live there.”

Read more: “You’re Not Answering the Question” – Laura Shin Grills Do Kwon

Disgruntled investors also took it upon themselves to form the UST Restitution Group - an association of almost 4,400 investors, the group is tracking down Do Kwon on their own.

A UST Restitution Group member who goes by the name of HKTrader said he had reservations about Interpol’s ability to locate Do Kwon. “You know how Interpol works. It’s up to the hosting country to act,” he said. “We tracked [him] down pretty well when he was in Singapore.”

Read more: Vigilante Retail Crypto Investors Hunt Do Kwon But We’re Unconvinced

LUNA met its demise in May when its sister stablecoin TerraUSD depegged from the US dollar. An estimated $60 billion was wiped from the crypto space as a result.

Do Kwon resurfaced on Twitter a few days ago stating he has "stolen no money and never had "secret cashouts" - happy to address specific allegations."