Korean Officials Try to Track Down Do Kwon in Serbia
Since the collapse of Terra (LUNA) and UST last year, the whereabouts of Do Kwon, the man behind Terraform Labs, has been quite a mystery.
Although Interpol issued a red notice for his arrest, he continued to tweet and engage with his followers. Now, South Korean officials from the Justice Ministry and the prosecutor’s office traveled to Serbia in order to find clues as to where the elusive Do Kwon could be hiding.
South Korean officials traveled to Serbia earlier this month as they stepped up their pursuit of elusive former Terra chief Do Kwon. The funny thing in the whole story is that one time the Korean entrepreneur tweeted that he was not hiding and that nobody was looking for him – even when there was a warrant for his arrest issued by local authorities four months after Terra’s implosion.
Kwon slipped through the fingers of the police and has been a fugitive ever since.
But why Serbia?
Тhere were multiple claims that Kwon was spotted in the Eastern European country. And it is no surprise – Serbia is the neighboring country of Kosovo, where Interpol has no jurisdiction.
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Now, there is no extradition treaty between the two countries, but they have agreed to the European Convention on Extradition. This means that Serbia could hand over the founder of Terra.
But as a researcher at the Korea Criminal Justice Policy Institute said: “Extraditions need to be mutually beneficial. Serbia is still an unprecedented nation in this regard.”
Do Kwon has been silent in the social media space since November. Whether or not he is hiding in Eastern Europe is yet to be seen, as it all may be just pure speculation and false witness reports.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
