Do Kwon’s Passport Is Being Revoked

Five of the six Terra employees facing arrest will have their passports invalidated at the request of prosecutors.

Key Takeaways

  • South Korea’s Ministry of Foreign Affairs is attempting to revoke the passports of several Terraform Labs employees.
  • The ministry has been urged to do so by prosecutors, who recently issued an arrest warrant against those individuals.
  • Terraform Labs CEO Do Kwon and financial manager Mo Han are both named as subjects under investigation.

South Korean authorities reportedly intend to revoke the passports of Terra leader Do Kwon and other employees.

Terra Employees Face Justice

Efforts to apprehend Do Kwon are intensifying.

Yesterday, it was reported that arrest warrants had been issued against Do Kwon and five other individuals who were behind the Terra blockchain and its failed coins, UST and LUNA.

According to Munhwa News, South Korea’s Ministry of Foreign Affairs is now attempting to revoke passports belonging to five of the six Terraform Labs employees named yesterday, including Kwon.

Terra, its executives, and possibly employees are all under investigation by the Financial and Securities Crime Unit of the Seoul Southern District Prosecutor’s Office. The Ministry of Foreign Affairs reportedly acted at the prosecutor’s request.

One official from the ministry said: “Among the six arrest warrants issued, applications for invalidation of passports have been received for five persons excluding foreigners.”

Terraform Labs financial manager Mo Han is named as a target in today’s report alongside Kwon.

The only person named in a warrant yesterday excluded from passport revocation seems to be Nicholas Platias, a founding member of Terraform Labs and a Greek citizen. His current location is unclear.

Today’s report suggests that the individuals in question have fled South Korea to Singapore. However, passports belonging to the Terra employees will remain valid for one month. As such, prosecutors will likely pressure the subjects to return to South Korea and surrender their passports before then.

The Ministry of Foreign Affairs will send a notice of return directly to the individuals. If those notices are not received, they will be published on the ministry’s website for two weeks.

Singapore has no extradition treaty with South Korea and therefore is not legally obligated to return the individuals sought by authorities. It is unclear what, if any, actions South Korean prosecutors will take if they do not return of their own volition.

This development represents the latest step toward holding Terra executives responsible for the project’s failure. The blockchain project initially collapsed in May as prices of crypto assets associated with the project fell rapidly. Attempts to revive the project continue regardless.

Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other cryptocurrencies.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Terra Plummets as Do Kwon Faces Arrest in South Korea

According to the prosecutor’s office, all six wanted individuals from Terraform Labs currently reside in Singapore.  Manhunt Begins for Do Kwon The law is finally catching up with Do Kwon….

Terra Plummets as Do Kwon Faces Arrest in South Korea

Terra Was “a Massive Failure in Risk Assessment”: Do Kwon

The Terraform Labs CEO has admitted that he “should have known the risks of UST much better.”  Do Kwon Reflects on Terra Collapse  Terraform Labs made huge risk management errors…

Terra Was “a Massive Failure in Risk Assessment”: Do Kwon

Terra’s Do Kwon Hires Legal Team in South Korea: Report

Kwon and Terraform Labs are facing multiple lawsuits following Terra’s collapse in May.  Terra’s Do Kwon Reportedly Enlists New Lawyers  Do Kwon has hired a new team of lawyers in…

Terra’s Do Kwon Hires Legal Team in South Korea: Report

“An Insult”: Do Kwon’s First Interview Since Terra Failure Flops


Viewers complained that the interview failed to address difficult questions related to Terra’s failure. Do Kwon’s Terra Interview Slammed  Do Kwon has given his first interview since Terra collapsed in…

“An Insult”: Do Kwon’s First Interview Since Terra Failure Flops

Read More


Leave a Reply

Your email address will not be published.

Buy valid Drivers License Online, Buy Real EU Driver's License Online, Buy Fake Driver's License, Buy Registered Driver's License Online, Buy Real Driver's License Online, Buy Real Passport Online, Buy Real EU Passport Online, Buy Legal Passport Online, Buy USA Passport Online, Buy Passport Online, Buy fake passport online, Buy International ID Cards, Buy ID Cards Online National Identity Card Online, How Russian Driver's license Online, Buy German Resident permit online, Buy Registered marriage Certificate, Buy Original birth Certificate, Buy Covid 19 vaccination card , Buy EU ID card online , Buy fake documents online, Buy Euro Banknotes online, Buy High Grade Counterfeit, Buy fake dollar bank notes, Buy Undetectable Counterfeit Banknotes, Buy Counterfeit Money Online, Buy Fake Notes Online, Real Resident Permit Cards, Resident Permit Card , Buy Real Resident Permit Card Online