Do Kwon says charges 'politically motivated,' refuses to reveal location

10/18 10:06

Terra founder Do Kwon has branded the charges from South Korean prosecutors against him as "politically motivated" — and reiterated, once again, that he isn't on the run. "We are a little bit disappointed in the way that prosecutors are attempting to create new regulation through criminal court proceedings, whereas that should be within the job description of the legislature, or at the very least the financial regulators," he said on crypto podcast Unchained, hosted by Laura Shin, on Tuesday. Kwon is currently wanted by authorities in his native South Korea for allegedly violating the country's Capital Markets Act. "We don't think that any of the charges pertaining to the Capital Markets Act are applicable because the government's stance has been that cryptocurrencies shouldn't be governed by the Capital Markets Act because they're not securities," he said. "We don't believe these are legitimate charges and are politically motivated."

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