South Korean Foreign Ministry Invalidates Terra Founder Do Kwon's Passport

South Korean Foreign Ministry Revokes Do Kwon's Passport

The South Korean Foreign Ministry has officially invalidated Terra founder Do Kwon's passport. This decision came after Kwon failed to respond to a passport return order, prompting the government to issue a public notice on October 5. The notice granted Kwon a 14-day window to return his passport; failure to comply would result in its invalidation.

Details of the Public Notice

The public notice, published on the Ministry's website, included a PDF document outlining that Kwon would not be eligible for future passport renewals. The document emphasized that the Ministry would no longer process any passport renewal applications from Kwon.

Asset Freeze and Legal Controversies

In addition to the passport revocation, South Korean prosecutors have frozen approximately $40 million in crypto assets linked to Kwon. Kwon has denied ownership of these funds via social media. He has also contradicted claims by Korean officials, stating he is not "on the run" and disputing the existence of an Interpol Red Notice.

Kwon's Whereabouts Remain Uncertain

Despite an arrest warrant issued by the South Korean government, Singaporean authorities have reported difficulty in locating Kwon. This has added to the ongoing legal and financial challenges surrounding the Terra founder.

The situation highlights the escalating legal actions against Kwon, with the South Korean government taking firm measures to address the issues related to Terra's collapse.