Blockchain News

Terra CEO Do Kwon has one month to surrender his passport

The head of Terraform Labs Pte Ltd, Kwon Do-Hyung, also known as Do Kwon, received a warning on Wednesday from the South Korean Ministry of Foreign Affairs stating that if Kwon does not surrender his passport, it will be revoked in four weeks.

According to reports, Kwon was given the order to return his passport by the foreign affairs ministry on September 15 in response to a request from local prosecutors looking into Terra-LUNA to cancel the passports of six Terra associates, including Kwon.

According to regional media, the ministry publicly notified Kwon on Wednesday of its “inability to deliver” notification after the return order went unanswered by Kwon.

According to the warning, Kwon may be prohibited from renewing his passport between September 15, 2022, and September 13, 2023.

The notification demands that Kwon return his passport to the ministry, a foreign embassy, or any other government organization that deals with passports within two weeks of the notice period’s conclusion on October 19.

Kwon will receive a new passport after September 13, 2023 if the passport is turned back in to the authorities. If the passport is not returned within the allotted time, Kwon’s passport will be revoked.

Kwon and five other people were the subject of an arrest warrant issued by the Seoul Southern District Prosecutors’ Office in connection with the US$60 billion Terra-LUNA crash on September 14 of this year, which was also accompanied by an Interpol “red notice” and a request to revoke their passports.

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