South Korea to invalidate passport of Terraform Lab's Do Kwon
South Korea issued a publicly available notice on Wednesday to wanted man and Terraform Labs founder Do Kwon, demanding he return his passport.[PDF] said that officials were unable to serve the notice to Kwon so had confirmed on its website that it was invalidating his passport and requesting its return within 14 days.
The ministry also said attempts to have the passport reissued could be rejected.In mid-September, South KoreaThe warrant followed the $40 billion collapse of his company's"stablecoin" TerraUSD and similar Luna tokens that set off what has been called a"crypto winter." The crash was marketed as impossible because the cryptocurrency value was pegged to the US dollar. However, this proved untrue and investors lost out.
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