Earlier this month, the South Korean prosecutors announced that if Terra founder Do Kwon failed to show up they would be invalidating their passport. The deadline for the same has been set to October 19 next week.
Note that Do Kwon is currently on the Red Notice and there’s still information regarding his whereabouts. The South Korean prosecutors have been looking out for Do Kwon to investigate the $60 billion implosion of the Terra ecosystem. in May 2022.
The Terra ecosystem collapse led to several bankruptcies and defaults in the crypto space in the following months. Although Do Kwon stated that he would be cooperating with the investigative agencies, he has failed to show up despite several requests.
As a result, the South Korean prosecutors have decided to invalidate his passport after the deadline of October 19. If the passport
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