Terra’s collapse occurred months ago. Yet, the aftereffect continues to linger in the corridors of the crypto-verse. Now, the South Korean government has been putting all its efforts to capture the project’s founder Do Kwon.
However, Kwon is speculated to be hiding in Singapore. As he continues to deny that he is on the run, South Korean law enforcement has been strengthening its search for Kwon. The latest developments in the case note how Kwon could be subjected to deportation following the 19th of October 2022.
Last week, the Ministry of Foreign Affairs and the Seoul Southern District Prosecutors’ Office declared that the Terra founder’s passport would be invalidated if he failed to return his passport. The agency gave Kwon a 14-day window to submit his passport. Therefore, on the 19th of October Kwon’s passport would be “administratively invalidated.”
Now the real question is if this would make any difference to Kwon since his whereabouts are still under wraps. However, the invalidation of a passport would most likely lead to deportation. Since Kwon is assumed to reside in Singapore, it was believed that his status would change to illegal immigrant following the 19th.
This would further push Singapore authorities to deport Kwon from the region. The Singaporean government also affirmed that it would be able to expel Kwon overseas.
Terra’s Kwon criticized the South Korean prosectors’ investigation
As mentioned earlier, Kwon has been outrightly denying the fact that he was hiding. With Interpol issuing a red notice against him and South Korean prosecutors freezing his assets, he went on to condemn their investigation.
Addressing the same, an investigative unit Hap Sudan said,
“The basic position of the prosecution is not to respond to the unilateral allegations of the fleeing suspects.”
This further implied that Kwon’s comments untethered the South Korean government. Amidst all of this, Kwon’s revised version of Terra [LUNA] was trading for $2.51 with a 0.53 percent daily surge, at press time.