4,400 disgruntled investors are looking for Terra's Do Kwon
A group of retail investors are trying to track down Terraform Labs co-founder Do Kwon following the cryptocurrency crash of the Terra ecosystems.
New
Members of a 4,400-person Discord group called UST Restitution Group (URG) attempted to track down Terra co-founder Do Kwon.
The group members, seemingly frustrated by law enforcement's lack of results, scour the internet for clues and share them with the group in an effort to find Kwon.
Members have suggested he may reside in places like Russia, Dubai, Azerbaijan, or even on a yacht.
Their continued efforts come despite significant steps taken by South Korean authorities to bring Kwon to justice. A Seoul court issued an arrest warrant for him on September 14 and Interpol reportedly issued a red notice to law enforcement around the world on September 26. in response to the mandate.
URG was originally established on May 16 as a chat room for investors in the Terra ecosystem and to help initiate lawsuits on behalf of its members to recover lost funds from TerraUSD Classic ( USTC), the so-called stablecoin that broke away from the US dollar.
URG member Kan Hyung-suk will soon visit Dubai, according to an October 19 Financial Times report, a city where many members of the group believe Kwon is hiding. Another member of the URG reportedly said:
"Dubai is crypto-friendly, very international...
A group of retail investors are trying to track down Terraform Labs co-founder Do Kwon following the cryptocurrency crash of the Terra ecosystems.
New
Members of a 4,400-person Discord group called UST Restitution Group (URG) attempted to track down Terra co-founder Do Kwon.
The group members, seemingly frustrated by law enforcement's lack of results, scour the internet for clues and share them with the group in an effort to find Kwon.
Members have suggested he may reside in places like Russia, Dubai, Azerbaijan, or even on a yacht.
Their continued efforts come despite significant steps taken by South Korean authorities to bring Kwon to justice. A Seoul court issued an arrest warrant for him on September 14 and Interpol reportedly issued a red notice to law enforcement around the world on September 26. in response to the mandate.
URG was originally established on May 16 as a chat room for investors in the Terra ecosystem and to help initiate lawsuits on behalf of its members to recover lost funds from TerraUSD Classic ( USTC), the so-called stablecoin that broke away from the US dollar.
URG member Kan Hyung-suk will soon visit Dubai, according to an October 19 Financial Times report, a city where many members of the group believe Kwon is hiding. Another member of the URG reportedly said:
"Dubai is crypto-friendly, very international...
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