Do Kwon denies reports that he is on the run.

The head of Terraform Labs, Do Kwon, said he is not in ‘flight’ and is cooperating with law enforcement. According to him, he is not hiding from government agencies that are ‘interested in communicating’ with him.

We are in the process of defending ourselves in multiple jurisdictions — we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months

— Do Kwon 🌕 (@stablekwon) September 17, 2022

I’m not in ‘flight’, nothing of the sort — we are cooperating with any government agencies that have shown interest in communicating, and we have nothing to hide. We are defending our interests in several jurisdictions — we maintain a high standard of integrity and hope to clarify the truth in the coming months,” he wrote.

Kwon stressed that he does not intend to disclose his location to outsiders. In his words, this would be a direct invasion of privacy.

On September 17, Reuters, citing Singapore police, reported that the head of Terraform Labs had left the city-state. A similar report was carried by the local newspaper Lianhe Zaobao.

On September 14, a court in Seoul issued an arrest warrant for Do Kwon and five other people on charges including violations of South Korea’s Capital Markets Act. Authorities say all the suspects were in Singapore.

As reported, according to local media, the Southern District of Seoul prosecutor’s office asked the Ministry of Foreign Affairs to revoke the passports of five people, including the CEO of Terraform Labs.

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