In the July 20, 2022, Litepaper, we discussed a raid by South Korean authorities against persons and businesses tied to Terra’s Luna ($LUNA.X) and UST ($UST.X). Do Kwon, a South Korean citizen, has his current hidey hole in Singapore and is presently out of reach.
However, South Korea’s Ministry of Justice issued a ‘Notice Upon Arrival’ order on Do Kwon. This action is essentially another way of saying, ‘Once you’re here, we gotcha.’ In addition, the Ministry of Justice approved a ban on many Terra managers from leaving the country.
So if Do Kwon wants to fly home to South Korea anytime soon, the open arms he’ll face when he de planes won’t be his momma’s.