{"id":35363,"date":"2022-12-20T09:51:08","date_gmt":"2022-12-20T09:51:08","guid":{"rendered":"https:\/\/lydian.io\/?p=35363"},"modified":"2022-12-20T09:51:09","modified_gmt":"2022-12-20T09:51:09","slug":"4400-angry-investors-chase-terras-do-kwon","status":"publish","type":"post","link":"https:\/\/lydian.io\/4400-angry-investors-chase-terras-do-kwon\/","title":{"rendered":"4,400 Angry Investors Chase Terras Do Kwon","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
<\/p>\n
Members of a 4,400-strong Discord group known as the UST Restitution Group (URG) have tried to hint the whereabouts of Terra co-founder Do Kwon.<\/p>\n
Members of the group, apparently out of frustration on the lack of legislation enforcement findings, scour the web for clues and share them with the group to trace down Kwon. <\/p>\n
Members have steered he might stay in locations like Russia, Dubai, Azerbaijan and even on a yacht.<\/p>\n
Their continued efforts come whilst authorities in South Korea are taking vital steps to deliver Kwon to justice, with a Seoul courtroom issuing an arrest warrant for him on September 14 and Interpol reportedly issuing a \"purple discover\" on September 26 issued by legislation enforcement businesses worldwide in response to the arrest warrant.<\/p>\n
URG was initially based in Might. 16 as a chat room for Terra ecosystem traders and to provoke lawsuits on behalf of its members to recuperate funds misplaced from TerraClassicUSD (USTC), the so-called stablecoin that was decoupled from the US greenback.<\/p>\n
A URG member, Kan Hyung-suk, will quickly journey to Dubai, in accordance with an Oct. 19 report report<\/a> from the Monetary Occasions, a city the place lots of the group consider Kwon is hiding. One other URG member reportedly mentioned:<\/p>\n \u201cDubai is crypto-friendly, very worldwide (he would not stand out) and has restricted extradition treaties. It seems to be the very best answer for the 3-5 hour time zone shift seen within the information.\u201d<\/p>\n Hyung-suk is a 26-year-old software program engineer and former worker of Terraform Labs, the corporate behind the event of the Terra blockchain, and has been a member of the URG since Might 26. <\/p>\n Kwon, who grew to become a controversial determine following the implosion of the Terra ecosystem, has claimed he's not \"on the run\" and is absolutely cooperating with any authorities businesses linked to him.<\/p>\n Associated: <\/strong>The South Korean International Ministry is asking Do Kwon to return his passport<\/strong><\/p>\n