Angry investors, who suffered big losses after TerraUSD’s abrupt peg cancellation, are wondering where Terraform Labs CEO Do Kwon is and have called for his arrest.
The cryptocurrency ecosystem Terra plunged last week when its algorithm stablecoin TerraUSD (UST) broke away from the US dollar. That, in turn, led to a drop in the price of the stablecoin and its associated token, Luna.
Kwon, who is usually active on Twitter, stopped posting on Wednesday. His last post was a message in which he assured investors Terra would not go anywhere and that its return to form would be “spectacular.”
Kwon was removed from speaking at a conference in Florida on “Stablecoins! CryptoKiller App,” so again, crypto enthusiasts won’t be able to get answers to their questions.
Kwon’s last known location was Singapore, where the headquarters of Terraform Labs and Luna Foundation Guard are.