Do Kwon: We need to arrest the man who mistakenly received $1.5 million from LUNA

Terraform Labs co-founder Do Kwon stirred up a hornet’s nest in the community by proposing set the FBI per person who was mistakenly sent a large amount by Terraform Labs (TFL). The comic of the situation is that Kwon is on the run and is wanted by the FBI.

What happened

Jimmy Le, known on Twitter as stablejim, allegedly received $1.5 million worth of LUNA tokens from Terraform Labs by mistake when Terra launched the new LUNA token. The TFL claims that Le was entrusted with Terra’s community funds, but he embezzled them and now refuses to return the money to the community pool.

Meanwhile, Le dedicated explaining the situation a whole thread on Twitter. He said that he was accidentally sent $1.5 million in LUNA tokens after complex and confusing discussions. He attempted to discuss the tax implications of this proceeds with TFL’s legal advisor, Dentons. Le received a form from lawyers asking for the return of tokens and an agreement that Dentons is released from liability. However, he wanted to discuss this unique situation with tax advisors.

After contacting a law firm in Singapore, Le saw that TFL had tweeted that he was refusing to return the funds. Meanwhile, Le says that he only wants to do everything according to the law and is very surprised that he is threatened with reprisals and persecution by law enforcement agencies.

The crypto community seems to have sided with Le. Users on Reddit are discussing the fact that Kwon, who is on the run, is threatening (possibly flippantly) Le with FBI action.

Kwon’s trail is lost in Serbia

Kwon’s status is being actively discussed in the cryptocurrency world. According to the latest reports, Kwon is hiding in Serbia. He is wanted by Interpol, which has issued a red notice against him.

Kwon claims that he is not hiding or running from the authorities at all. Be that as it may, his situation is becoming more complicated, since the South Korean authorities have invalidated his passport.

Kwon talks about the role of FTX

kwon also commented FTX incident following reports that it may have played a role in the downfall of LUNA and UST. He posted a series of tweets in which he revealed that Genesis Trading acquired 1 billion UST and transferred it to FTX or Alameda just before the collapse of the ecosystem. In fact, he hinted at market manipulation.

Previously, Su Zhu, the founder of Three Arrows Capital (3AC), made allegations of manipulation. He believes that Grayscale Investments and Genesis Trading, together with FTX, disabled the LUNA token and Staked Ether (stETH).

However, LUNA’s investors are more interested in Kwon’s whereabouts and arrest. He managed to elude justice for a long time. But given the intense manhunt, it’s unlikely he’ll be able to hide forever.

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