- South Korean officials allegedly dispatched to search Do Kwon in Serbia
- There is no extradition agreement between South Korea and Serbia
- Terra ecosystem lost around $60 billion worth of value
The search for Do Kwon, the controversial founder of the now-defunct Terra ecosystem, has intensified, with South Korean officials allegedly admitting they have dispatched at least two individuals to Serbia to locate him.
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According to Bloomberg, the prosecutor’s office in Seoul has confirmed that members of its team had traveled to the Balkan state to locate Kwon. It seems that at least two state officials went, one from the prosecutor’s office and the other from the Justice Ministry of South Korea.
Currently, there is no extradition agreement between South Korea and Serbia. However, South Korea has revoked Kwon’s passport, making future travel more difficult.
Since 14 September, when South Korean prosecutors issued an arrest warrant for him, Kwon has been accused of being on the run, which he denied.
In the Terra ecosystem, around $60 billion worth of value was lost.
Cryptonewsland reached out to Terraform Labs for comment but did not immediately receive a reply.
In related news, the Floki valhalla will enter China with a three-month airdrop. In its latest drive to gain more users, the cryptocurrency project Floki is targeting China while shunning its reputation as a meme money.
FLOKI will launch a China-specific version of Valhalla, a metaverse game that uses FLOKI tokens, as well as a three-month airdrop campaign for Btok users in the coming months.
The game’s content and technical documents will be translated into traditional and simplified Chinese, and it will be marketed exclusively to the Chinese gaming market.
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