The South Korean Ministry of Finance has said it is trying to withdraw passports from do kwon, a co-founder of Terra blockchainand five other people linked to the besieged project, a report said.

The Korean news agency Munhwa Ilbo specified Dan Sung-Han, the director of the Seoul South District Financial and Securities Procuratorate, called on the Treasury Department to cancel the suspects’ passports to expedite the hunt for the suspects.

Defendants left for Singapore: Ministry of Finance

“Of the six arrest warrants issued, applications for passport invalidation have been received for five people, excluding foreign nationals. Everyone has left for Singapore,” the news outlet quoted a Finance Ministry official as saying.

Do Kwon and the other five perpetrators must now surrender their passports and leave their whereabouts, which appear to be in Singapore.

The request to have their passports revoked came just after Kwon and others were accused of violating capital markets laws and arrest warrants were issued on their behalf.

Do Kwon was repeatedly asked to surrender

According to Munhwa Ilbo, Kwon was frequently asked to turn himself in but refused, prompting prosecutors to look for alternative avenues.

The creator of the Terra blockchain and its native token Luna LUNA/USD had other legal problems.

Kwon has been accused of marketing “unregistered securities” and misleading the public about the true value of the project’s TerraUSD (UST) stablecoin and governance token LUNA in a class action lawsuit filed in June in the U.S. District Court of Southern California to have.

A month later, as part of his detection After the sinking of Terra, Korean authorities raided co-founder Daniel Shin’s home in Seoul.

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