Before Kwon, he rejected the prosecution against him and refused to name the country of stay

The founder of Terra before Kwon during the unchained Lory Shin again stated that he was not “on the run”. However, he refused to reveal his location.

According to Kwon, the charges against him in South Korea are “politically motivated”.

“We are a little disappointed that the prosecutor’s office is trying to create new regulation through criminal proceedings, while this is included in the duties of the legislative body or at least financial supervision,” he said.

Kwon is wanted by the country’s authorities along with five more TerRaform Labs employees on charges related to the collapse of the Terra project.

He claims that he did not see the warrant for his arrest, and received all the information from the media.

“I do not think that any accusations related to the law on capital markets are applicable. The position of the government is that cryptocurrencies do not fall under its action, since they are not securities. Therefore, we consider these accusations illegal and politically motivated, ”Kwon said.

He had previously denied that he was hiding from the investigation. At the same time, he refused to name the country of stay:

“The easier it is for people to find out my location, the harder it is for me to continue the usual life.”.

The main reason he called fears regarding personal security and noted that in May the injured investors broke into his homes in Singapore and South Korea.

Kwon commented on the movement in September associated with Luna Foundation Guard (LFG) of Bitcoin on the Exchange Kucoin and OKX. According to him, the transaction of funds on the platform does not necessarily mean their sale.

This is not the only movement of the organization’s funds in respect of which questions arose.

“There were allegations that we moved LFG funds to the Gemini deposit wallet, and then they stayed there or something like that. All that we did was confirmed the deal with the market maker and transferred Bitcoin to the address at his direction, ”Kvon said.

He added that he hired an analytical company that gained access to Luna Foundation Guard. In the next “couple of weeks” the company will allegedly publish a report that will make “much more clarity”.

“There are no waste or theft of funds, or something like that, which seems to be written in the media,” Kwon emphasized.

About the return he promised to users, he said that he did not imagine how much time this process could take.

“Now LFG is not in the position to freely dispose of assets. A civil case is expected against her, ”Kvon noted.

Recall that in September he stated Gagarin News that “is not on the run” and cooperates with law enforcement officers.

According to the media, the prosecutor’s office turned to the Foreign Ministry with a request to cancel his passport and sent a request to the “red notification” to the Interpol.

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