Police Say South Korean Cryptocurrency Firm CEO on the Run for Fraud
This would make for a great Dog the Bounty Hunter episode hunting this guy down:
South Korean prosecutors said Sunday that Do Kwon, the wanted founder of Terraform Labs accused of fraud following the massive collapse of the firm’s cryptocurrencies in May, is “obviously on the run” and not cooperating with the investigation.
The remarks came in response to Kwon’s claim in a tweet that “I am not ‘on the run’ or anything similar — for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide.”
On Saturday, Singapore police’s statement said the Terraform founder and CEO is no longer in Singapore.
The blockchain firm has been under investigation for alleged fraud and tax evasion after investors in its cryptocurrencies — TerraUSD and Luna — filed complaints against Kwon in May, accusing him of a Ponzi scheme over the loss of billions of won following the crash of both coins earlier that month.
Yonhap
You can read more at the link.
Are there really ANY cryptocurrencies that are anything other than a ponzi sceme? (Hint: only SetnaffaCoin is truly safe)
And it’s been discounted down to $5,000 for each coin.
And you will, within normal shipping times, receive the actual SetnaffaCoin yourself. No refunds, prohibited where illegal, cash value 1/20 of 1 cent (but it’ll be yours to negotiate with others and you WILL—unlike other cryptocurrencies—have a tangible coin).