Wanted crypto developer Do Kwon is not in Singapore, police say

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Singapore Police Force said on Saturday (Sept 17) the wanted crypto developer Do Kwon, who is accused of fraud by investors following the collapse of his cryptocurrencies Luna and TerraUSD, is currently not in the city-state. Kwon, the primary developer of the two cryptocurrencies whose spectacular collapse in May roiled crypto markets around the world, was also the founder of...

A woman using her mobile phone is reflected on an electric board showing exchange rates of various cryptocurrencies at Bithumb cryptocurrencies exchange in Seoul, South Korea, on Jan 11, 2018.Singapore Police Force said on Saturday the wanted crypto developer Do Kwon, who is accused of fraud by investors following the collapse of his cryptocurrencies Luna and TerraUSD, is currently not in the city-state.

Last week, a spokesperson for South Korean prosecutors said arrest warrants had been issued for six people, including Do Kwon, and that they were residing in Singapore.

 

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