Do Kwon Says South Korea's Charges Against Him 'Politically Motivated'

Terra founder Do Kwon said on podcast UnChained that the charges from South Korean prosecutors against him are not legitimate and "politically motivated".

Do Kwon is currently wanted by South Korean prosecutors for allegedly violating the country's Capital Markets Act. Previously, the authorities said that Interpol had issued a red notice for him. But Do Kwon claimed that he had not seen a copy of the arrest warrant. For the charges he is facing, Do Kwon said, "We don't think that any of the charges pertaining to the Capital Markets Act are applicable, because the government's stance has been that cryptocurrencies shouldn't be governed by the Capital Markets Act, because they're not securities. We don't believe these are legitimate charges and are politically motivated."

During the interview, Do Kwon stated that he is not on the run and is willing to cooperate with authorities. However, he refused to reveal his current location due to personal security and privacy concerns. "Every time the location where I live becomes known, it becomes almost impossible for me to live there," he said.