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Korean Officials Reach Serbia in an Attempt to Hunt Do Kwon

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Korean officials have recently arrived in Serbia in an attempt to hunt down a Korean fugitive, Do Kwon. Do Kwon is wanted in connection with multiple fraud and embezzlement charges. He is believed to have fled the country several years ago, and the officials are hoping to find and apprehend him in Serbia.

Korean police have been working with Serbian police to investigate Do Kwon's whereabouts. They have already conducted a series of raids on potential hideouts and have spoken to numerous people in the area. However, at this time, Do Kwon has yet to be found.
The founder, however, has been relocating over the past few months, first from Singapore to Dubai and then to Serbia. Since South Korea canceled his passport in October 2022, the rest of the community is baffled as to how he has been able to travel.
The Korean officials are expected to remain in Serbia for several more weeks as they continue their search. They have also promised to work with local authorities and use all available resources to apprehend the fugitive.
Do Kwon’s Bitcoin Freeze
Last year in September South Korea freezed $62 million of bitcoin linked to crypto founder Do Kwon.
But according to a tweet from the Luna Foundation Guard, which is a Bitcoin reserve linked to Do Kwon, no tokens have been moved since May 22.
According to the South Korean prosecutors, they possess a verified statement that 3,313 Bitcoins — worth about $67 million – have been moved from wallets linked to Kwon’s Luna Foundation Guard to crypto exchanges KuCoin and OKX. These two exchanges have yet to respond.

This news caused quite a stir in the cryptocurrency community. Some believe that this is a victory for Bitcoin, while others are concerned about the implications this has for decentralized exchanges. The price for Bitcoin (BTC) was trading at $19,281.67 that time, and it has surged to nearly $23K now. According to coinpedia, Bitcoin price could reach a potential high of $43,959.19 in 2023.

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