South Korea's Ministry of International Affairs on Wednesday issued an order for Terraform Labs CEO Do Kwon to give up his passport. 

The fugitive co-founder should rende his Korean passport to regime inside 14 days of the expressed order. A failure to adjust to the order will outcome inside the cancellation of his passport altogether. The official order

additionally warned

that failure to conform will result in the rejection of requests for re-issuance sooner or later.


South Korean Overseas Ministry Orders Do Kwon To Return His Passport
  BITCOIN 85K

South Korean Overseas Ministry Orders Do Kwon To Return His Passport

One other native report celebrated that the passport return order was issued for a complete of six Terraform Labs workers together with Kwon.

South Korean regime have made important efforts to get their palms on Kwon — a Korean court issued a warrant for his arrest on Sept. 14 adopted by an Interpol crimson discover issued on Sept. 26. Nevertheless, his actual present whereabouts are unknown.

Kwon grew to become fairly a polemic determine inside the aftermath of the Terra ecosystem

implosion leading

to a lack of over $40 billion in buyers' cash. Even after an arrest warrant and an Interpol discover towards his identify, the fugitive crypto founder claimed that he has not been contacted by any regime relating to any investigation.

The Do Kwon saga took one other flip final calendar month as native experiences instructed that the Korean regime have requested the freeze of $67 million value of Bitcoin reportedly tied to the contaminated co-founder. Kwon again got here dead set disclaim that the medium of exchange system imagination have been his and even claimed that he has not used the 2 crypto exchanges talked about inside the report in two years.

Terraform Labs, the developer agency behind the Terra ecosystem, claimed that the case towards Kwon is extremely politicized. A representative from the corporate expressed that prosecutors gave in to public stress and swollen the definition of safety after its related cryptocurrencies collapsed.