4,400 disgruntled investors are hunting for Terra’s Do Kwon

Members of a 4,400-strong Discord group known as the UST Restitution Group (URG) have been making an attempt to trace down the whereabouts of Terra co-founder Do Kwon.

Members of the group, seemingly out of frustration on the lack of outcomes from legislation enforcement companies, are scouring the web for clues and sharing them with the group in an try to trace down Kwon.

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Members have steered that he could possibly be residing in locations similar to Russia, Dubai, Azerbaijan and even on a yacht.

Their persevering with efforts come regardless of authorities in South Korea taking important steps to carry Kwon to justice, with a Seoul courtroom issuing a warrant for his arrest on Sep. 14 and Interpol reportedly issuing a Purple Discover to legislation enforcement worldwide on Sept. 26 in response to the warrant.

URG was initially fashioned on Could 16 as a chatroom for Terra ecosystem traders and to assist launch lawsuits on behalf of its members to recuperate funds misplaced from TerraUSD Basic (USTC), the so-called stablecoin that depegged from america greenback.

One member of URG, Kan Hyung-suk, will quickly be touring to Dubai, according to an Oct. 19 report from the Monetary Instances, a metropolis the place many from the group consider Kwon is hiding. One other member from the URG was reported as saying:

“Dubai is pleasant to crypto, very worldwide (he wouldn’t stand out), and has restricted extradition treaties in place. It might look like the perfect match for the 3-5 hour timezone shift obvious within the information.”

Hyung-suk is a 26-year-old software program engineer and a former worker of Terraform Labs, the corporate behind the event of the Terra blockchain, and has been a member of the URG since Could 26.

Kwon, who grew to become a controversial determine within the wake of the Terra ecosystem implosion, has maintained claims he’s not “on the run” and is totally cooperating with all authorities companies in communication with him.

Associated: South Korean overseas ministry orders Do Kwon to return his passport

Kwon was interviewed on Oct. 19 by Laura Shin, a crypto-journalist and host of the Unchained podcast, who requested him a variety of questions referring to present information tales.

Talking on his present whereabouts, Kwon steered that he moved from Singapore following the Terra crash because of privateness and private safety considerations, saying for example that his condo was damaged into, and said:

“It’s not within the curiosity of being on the run or one thing like that, that I don’t need to disclose the place I dwell. It’s simply that each time the situation the place I dwell turns into recognized, it turns into nearly unimaginable for me to dwell there.”

A spokesperson from Terraform Labs maintains the costs in opposition to Kwon are “extremely politicized,” and that South Korean prosecutors have expanded the definition of economic securities in response to public strain. Kwon echoed this sentiment throughout his interview with Shin.