Meet The UST Restitution Group: Tracking Do Kwon, Looking For Payback
October 20 2022 - 02:30PM
NEWSBTC
The UST Restitution Group is on Do Kwon’s tail. A few governments
and this civilian group are all out looking for the Terra creator,
who insists that he’s not on the run. The Terra/ Luna collapse was
one for the books, and that book is still open. We will write many
more headlines about Do Kwon, and probably a few about the UST
Restitution Group also. What’s done is done, some might say, but
others will not rest until the case involves a court. Related
Reading: Are There Any Chances Of Terra UST Victims Getting
Refunded? Let’s Find Out In the FT article menacingly titled
“Retail investors become vigilantes in hunt for crypto’s most
wanted man,” we get to meet the UST Restitution Group. It’s “an
association of nearly 4,400 crypto investors trying to track down
Kwon, who is wanted in South Korea on charges of financial fraud.”
That’s not Do Kwons only legal problem, the UST Restitution Group
“launched class action lawsuits against Kwon in Singapore and the
US, while Interpol has issued a red notice for him. South Korea is
expected to revoke his passport on Wednesday.” UST Restitution
Group: Anons Looking For Do Kwon According to the UST Restitution
Group’s website, “Members have suggested that Kwon could be in
Dubai, Russia, Azerbaijan, the Seychelles or Mauritius, among other
locations.” A pseudonymous user went further and wrote, “Dubai is
friendly to crypto, very international (he would not stand out),
and has limited extradition treaties in place. It would seem like
the best fit for the 3-5 hour timezone shift apparent in the data.”
Reviewing their impressive methods, another pseudonymous user
reveals, “I obviously wouldn’t delve into specifics because
publishing our methods would render them ineffective. I think we’re
doing more than anyone else, though.” This UST Restitution Group
member “introduced himself as a 31-year-old Ivy League-educated
American,” and goes by the name of Antithesis. “His days are
numbered. We have people who are very, very close to Do Kwon,” the
person said. These are very high-level people. They’ve been
scorned and they want answers. What will they do to Do Kwon when
they find him, though? Another UST Restitution Group member that
goes by the name of HKTrader “said he spent a month organising a
Singapore class action lawsuit against Kwon and discovered his
whereabouts in the country by hiring a private detective.” Do Kwon
is not in Singapore” anymore, though. UST price chart on Kraken |
Source: UST/USD on TradingView.com How Would They Do It? The
elephant in the room is this: people are not sure how Do Kwon’s
trial is going to go. The FT article quotes Seoul crypto expert
Choi Hwa-in, “I wonder how effective the legal action against him
could be, given the lack of legal ground to punish crypto players.
This would just strain the crypto market further, dragging down
their value and hurting investors more as a result.” Related
Reading: Aptos (APT) Ranges Just Above $8, Is It Time To Dump Those
Airdrop Tokens? They also quote an official statement from
Terraform Labs themselves, “Recent developments reaffirm that
Terraform Labs and its stakeholders remain subjected to a highly
politicised and erratic legal environment in South Korea. The facts
are on our side, and we look forward to the truth coming to light
in the coming months.” Is it possible that Do Kwon and company have
it all under control? If so, why is he hidd… oh yeah, because the
UST Restitution Group people are literally looking for him. In a
recent interview with journalist Laura Shin, the Terra creator
refused to reveal his current location. Apparently, when people
knew where Do Kwon was, there was trouble. In the interview, the
Terra creator admitted failure and said the cause was the
protocol’s “weakness to respond to the cruelty of the markets.” Do
Kwon admits to technical and theoretical mistakes, but denies Terra
was a scam. I'm sorry, people, but this is totally not cool.
What do they plan to do when they find him? WTF People are crazy —
Do was right when he said on my show that he can't reveal his
whereabouts Seriously, don't do thishttps://t.co/DBRaViSJ0u — Laura
Shin (@laurashin) October 20, 2022 For her part, Laura Shin went to
bat for Do Kwon on this issue. “I’m sorry, people, but this is
totally not cool. What do they plan to do when they find him? WTF?
People are crazy — Do was right when he said on my show that he
can’t reveal his whereabouts. Seriously, don’t do this,” the
journalist tweeted. Featured Image by Amy Z from Pixabay | Charts
by TradingView
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