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HomeCrypto NewsMarketFTX CEO Describes Do Kwon's Ability To Shitpost While Wanted By Interpol As 'Wild'

FTX CEO Describes Do Kwon’s Ability To Shitpost While Wanted By Interpol As ‘Wild’


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Terra founder Do Kwon maintains an active Twitter presence despite mounting legal woes.

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FTX chief Sam Bankman-Fried, SBF, in a tweet on Wednesday, has described Do Kwon’s online activity as “wild,” as the Terra founder continues to maintain an online presence despite an Interpol red notice issued against him.

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The Terra founder had responded to a teasing tweet by famous crypto investor Eric Wall asking if Kwon wanted to “grab some food,” as Wall disclosed that he was in Singapore. Notably, Kwon trolled Wall by responding, “U buying?”

It bears mentioning that Do Kwon was last known to reside in Singapore. However, his current whereabouts are unknown. Singapore police confirmed nearly two weeks ago that Do was no longer in the country after South Korean authorities issued an arrest warrant for the Terra founder. The subsequent disappearance of Do prompted South Korean authorities to obtain a red notice from Interpol.

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Do currently faces fraud charges and breaching the Capital Markets Act, amongst others in South Korea. It comes after months of investigation into the Terra ecosystem collapse that wiped out investor funds totaling over $40 billion. Notably, despite speculation to the contrary, the Terra founder maintains that he did not defraud investors but failed while acting in line with his advertised convictions of bringing decentralized money to decentralized finance (DeFi).

South Korean authorities believe that Do is on the run.

It bears mentioning that in the days following the Terra ecosystem collapse in May, SBF expressed the belief that Kwon is not guilty of fraud in response to comparisons between Terra and Theranos. While he believed that Terra was deeply flawed, he asserted that the Terra founder had not given a false representation of how the network and its failed stablecoin worked.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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