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The founder of Terraform Labs denied rumors that he is on the run, and called attempts to find out his location a gross invasion of privacy.
Terraform Labs CEO Do Kwonassured that he is not hiding from law enforcement agencies and “agencies that want to meet” with him or his colleagues, since he works closely with the authorities and does not intend to hide anything.
The businessman noted that his company is now protecting its rights in the jurisdictions of several countries:
“We have a completely fair policy and look forward to hearing from the courts over the next few months.”
Do Kwon added that he is not going to discloseto strangers where he is now, since such information can only be entrusted to close people. The creator of Terraform Labs is outraged by the fact that outsiders are trying to find out his whereabouts - this, they say, is nothing more than “an invasion of privacy.”
Back in July, the South Korean authorities obliged the directorateTerraform notify about entry and exit from the country. In September, the Seoul Court issued an arrest warrant for Do Kwon and five top project managers in connection with violations of capital market rules that caused large losses for the industry. South Korea's Ministry of Foreign Affairs later said it intended to revoke the citizenship of the former Terraform Labs CEO and his colleagues.
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