The Curious Case of Do Kwon: Terraform Labs Co-founder Establishes Business in Serbia

According to reports from the Serbian Commercial Registry, a few weeks after receiving a red wanted warrant from Interpol, Do Kwon, the co founder of Terraform Labs, established a company in Serbia called “Codokoj22 d.o.Beograd” for less than $1. Its main business activities are listed as advisory services. （Cointelegraph）

Do Kwon once spent less than $1 to set up a company in Serbia

In recent months, Do Kwon, the co-founder of Terraform Labs, has been making headlines for all the wrong reasons. After receiving a red wanted warrant from Interpol, Kwon reportedly established a company in Serbia for less than $1. The company – called “Codokoj22 d.o.Beograd” – lists its main business activities as advisory services. This move has raised eyebrows in the crypto community and has led to questions about Kwon’s motives and the future of Terraform Labs. In this article, we’ll take a closer look at this story and try to make sense of it all.

Background

Before we delve deeper into the story of Do Kwon and Terraform Labs, it’s important to provide some context. Terraform Labs is a cryptocurrency and blockchain company that aims to make decentralized finance (DeFi) accessible to everyone. Kwon is one of the company’s co-founders and has been instrumental in its success. Terraform Labs’ native cryptocurrency, LUNA, has seen a significant surge in popularity and value in recent months. However, despite the company’s success, Kwon has found himself in hot water.

The Red Wanted Warrant

In September 2021, it was reported that Interpol had issued a red wanted warrant for Kwon. The details of the warrant were not immediately clear, but it sparked speculation and concern in the crypto community. Terraform Labs issued a statement in which they claimed that Kwon was “absent of malice and wrongdoing” and that they were “cooperating with the authorities to resolve the matter.” However, the damage had already been done. Kwon’s reputation had taken a hit, and questions were being asked about his involvement with Terraform Labs.

The Company in Serbia

In the midst of all this controversy, it emerged that Kwon had established a company in Serbia called “Codokoj22 d.o.Beograd” for less than $1. The company’s main business activities were listed as advisory services. This move was seen as odd, to say the least. Why would Kwon, who was facing a red wanted warrant, choose to set up a company in a foreign country? And why would the company’s business activities be so vague and open-ended?

Possible Explanations

There are several theories as to why Kwon might have established a company in Serbia. Some suggest that he was simply trying to distance himself from Terraform Labs and create a new identity for himself. Others speculate that the company in Serbia could be a front for money laundering or other illicit activities. However, it’s important to note that these are just theories and there is no concrete evidence to support them. Until more information comes to light, we can only speculate about Kwon’s motives.

The Future of Terraform Labs

While the establishment of Codokoj22 d.o.Beograd may be concerning, it’s important to remember that it does not necessarily spell the end for Terraform Labs. The company has been operating successfully for several years and has a strong community of supporters. Furthermore, Terraform Labs has already announced plans to launch a new stablecoin, UST, which could prove to be a game-changer in the DeFi space.

Conclusion

The story of Do Kwon and Terraform Labs is a complex and intriguing one. While the establishment of Codokoj22 d.o.Beograd has raised questions and concerns, we should be careful not to jump to conclusions. It’s important to wait for more information to come to light before making any definitive statements about Kwon’s motives or the future of Terraform Labs. In the meantime, we can only watch and wait to see how this story unfolds.

FAQs

1. What is Terraform Labs?
Terraform Labs is a cryptocurrency and blockchain company that aims to make decentralized finance (DeFi) accessible to everyone.
2. What is LUNA?
LUNA is Terraform Labs’ native cryptocurrency.
3. What is Codokoj22 d.o.Beograd?
Codokoj22 d.o.Beograd is a company established by Do Kwon in Serbia for less than $1. Its main business activities are listed as advisory services.