The international manhunt for Do Kwon, co-founder of collapsed crypto operator Terraform Labs, has put the spotlight on Singapore as the crypto hub’s reputation takes a hit following the failure of several crypto funds with links to the city-state.
Not only was Kwon’s Terraform Labs, the company behind the collapsed Terra stablecoin, registered in Singapore, but Korean prosecutors believe he travelled to the city in April.
Kwon on Monday showed Singapore as his location on Twitter, tweeting that he is making “zero effort” to hide. Singapore police have said Kwon is not in the city state.
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