Interpol fugitive and chief of Terraform Labs Pte. Ltd. Kwon Do-hyung has registered his residential address in the Republic of Serbia, according to South Korean media reports citing local prosecutors. 

See related article: Terra cryptocurrency fugitive Do Kwon flew to Serbia last month, South Korean prosecutor says

Fast facts

  • Seoul Southern District Prosecutor Choi Sung-kook told Forkast via text message that the local media reports were not false, but declined to confirm details.
  • Korean news outlets speculate that, with the registered address, Kwon may file an appeal against his extradition that Korea’s justice ministry is preparing for.
  • Kwon moved to Serbia before mid-October, contradicting previously confirmed reports of the Terra CEO’s November entry into the Eastern European country.
  • Kwon and Terraform Labs have repeatedly claimed that South Korea’s investigation into Terra-Luna was unfair and over politicized. 
  • An unnamed prosecutor investigating Kwon and Terraform Labs explained that such repeated comments signal Kwon’s potential to take legal action against Korea’s extradition request, as a politically-motivated investigation could be a reason for refusing to comply with extradition, according to South Korean news outlet Munhwa Ilbo.
  • If Kwon chooses to appeal against the extradition, his return to South Korea could be delayed several years, the prosecutor told Munhwa.
  • The Seoul Southern District Prosecutors’ Office has suspended the statute of limitations on Kwon’s criminal charges as they believe he is on the run to evade the investigation.

See related article: S.Korean prosecutors mull second request of arrest warrant for Terra cofounder Daniel Shin