Terra: South Korean Officials Reach Serbia in Search of Do Kwon

Sahana Kiran
Terra Luna
Source – NDTV

The Terra-Luna debacle occurred nearly a year ago. Following the crash, the founder of the project went missing and even kickstarted a new project. However, his whereabouts were still under wraps. Speculations about his location were time and again debated. His last known place was apparently Serbia and South Korean officials decided to pay a visit.

Recent reports reveal that a delegation of South Korean officials went all the way to Serbia in the first week of February. This was done in order to garner aid from the Serbian government to track down Kwon. This group also entailed a senior Justice Ministry official.

While it is uncertain if the creator of Terra Luna is in Serbia, the above move strengthened this speculation.

Kwon has often denied being on the run. However, over the last couple of months, the founder has been moving from Singapore to Dubai and now to Serbia. The rest of the community has failed to understand how he has been traveling as South Korea invalidated his passport back in October 2022.

This was done after South Korean authorities issued an arrest warrant for Kwon. It should be noted that the Terra founder is also under the purview of Interpol as the law enforcement agency issued a red notice against him.

Despite a worldwide search for him, Kwon remained active on social media. He often shared tweets. But he stayed mum over the previous few weeks. On Feb.1, Kwon made a comeback with a rather controversial tweet.

What’s the state of Terra LUNA?

Terra LUNA now Terra Classic and LUNC, has shown immense volatility over the last couple of months. The asset is currently 100% below its all-time high of $119.18.

At press time, the LUNC was trading for $0.0001832 with a 0.67% daily drop. However, last week, the asset made news for its 16% daily surge that pushed its price all the way to $0.0002097.