Do Kwon first appeared after the red wanted

Tram Ho

Do Kwon – the founder of the Terraform Labs platform – first appeared to answer the allegations surrounding Interpol’s red wanted and the collapse of the Luna coin.

Do Kwon lần đầu lộ diện sau lệnh truy nã đỏ - Ảnh 1.

Starlink satellite internet receiver. Photo: SpaceX

On October 18, Do Kwon appeared on the YouTube channel specializing in digital currency UnChained Podcast to share his doubts.

In a rare appearance on camera, the Terraform Labs co-founder said the allegations from the Korean prosecutor were illegal and politically motivated, according to TechCrunch .

Do Kwon said he has not yet received a copy of Interpol’s red notice and understands that the order does not include an international arrest warrant. Kwon insists that he is still complying with the requests of the prosecutor.

“Every country can interpret the red notice as they see fit,” Do Kwon said, announcing that it plans to appeal and do everything to achieve a better outcome.

It is known that Interpol last month issued a red notice for this Korean founder after prosecutors asked to facilitate international police exchange of information and arrest. Earlier this month, South Korean authorities asked Do Kwon to hand over his passport within 14 days before it was in danger of being revoked.

Do Kwon lần đầu lộ diện sau lệnh truy nã đỏ - Ảnh 2.

Shared by Kwon on YouTube channel Unchained Podcast (Screenshot)

“I haven’t lived in Korea since the end of last year,” Do Kwon said. He also denied reports that he was on the run, but refused to disclose where he was staying, citing concerns about personal security and privacy.

Kwon also expressed disappointment at the “excessive concern” of the Financial Services Commission of Korea (FSC). He said that neither the Korean government nor the FSC consider cryptocurrencies to be securities, so regulation in this area is not within their jurisdiction.

Stablecoin UST and cryptocurrency LUNA of Terra Ecosystem collapsed simultaneously in just a few days in May of this year, blowing away the assets of countless individuals. The founder has claimed full responsibility for this failure. Even so, Kwon still believes that the world still needs decentralized money.

“I really think building decentralized money is one of the most important issues that crypto needs to solve. Given the recent regulations for monitoring transactions and arresting Tornado Cash developers, it is an indication of how much work we need to work towards a decentralized future,” he said. shall.

Do Kwon also called on developers to learn from their mistakes to try to create decentralized coins that are not only censorship resistant, but “stronger, more transparent, and more likely to fail.” short”.

In addition, Kwon also confirmed that he is no longer working on Luna Classic – Terra’s original platform.

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Source : Genk