It is understood that Terraform Labs’ controversial founder and CEO Do Kwon is currently located in the Southeast European nation of Serbia after leaving Singapore in September. 

According to a Dec. 11 report from Chosun Media, South Korean authorities followed a tip-off concerning Do Kwon’s whereabouts suggesting he is now in Serbia and has been able to confirm it. 

“Recently, we obtained intelligence that CEO Kwon was in Serbia, and it was found to be true,” an official told the outlet. 

The report also states that South Korea’s Ministry of Finance “is in the process of requesting cooperation from the Serbian government” as part of the investigation.

South Korean authorities have been on the hunt for Do Kwon since Terra’s collapse, but evidently haven’t had much luck pinpointing his location.

The 31-year-old was understood to have moved to Singapore towards the end of April just before the Terra ecosystem’s shock collapse.

On Sept. 14, the Seoul Southern District Prosecutor’s Office’s Financial and Securities Criminal Unit issued an arrest warrant against Kwon for violating South Korean capital markets laws.

Near that time, authorities in Singapore confirmed that Kwon was no longer in the country, and was understood to have flown to Dubai in transit to a new unknown destination. 

Shortly after on Sept. 26, Interpol also reportedly issued a “Red Notice” against Kwon. As of today, however, Do Kwon’s listing still doesn’t appear to have been added to Interpol’s Red Notice database on the website. 

In October, South Korea’s Ministry of Foreign Affairs

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