Do Kwon is set to lose his South Korean passport amid investigations into Terra collapse
Join Our Telegram channel to stay up to date on breaking news coverage South Korea is set to revoke the passport of the co-founder of Terraform Labs, Do Kwon. This comes amid growing pressure on the crypto entrepreneur to return to the country where he faces charges over the $60 billion lost after the collapse of Terra Luna and the TerraUSD stablecoin in May. Do Kwon’s passport to be revoked Do Kwon is being required to hand back his passport to authorities, or it will be revoked in two weeks. The location of Kwon remains unknown after Singaporean authorities said he was no longer in the country as earlier believed. South Korean authorities maintain that Kwon is on the run and even had Interpol issue a red notice against him. Kwon was behind the TerraUSD stablecoin that lost its peg in May, causing a collapse of the entire Terra ecosystem. The collapse worsened the declining crypto process and pushed several crypto firms into insolvency. Kwon, alongside five of his coll...