USA Real Estate Holding Stock (OTC: USTC)

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USA Real Estate Holding Co is a holding company that targets acquisitions of undervalued, niche companies with high growth potential, including real estate properties, fintech companies, and other emerging digital technologies.

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Terraform Labs co-founder and CEO Do Kwon, wanted internationally in relation to the collapse of the Terra ecosystem, has traveled from Dubai to Serbia, where he is currently hiding.

After Collapsing Terraform Labs, CEO Do Kwon Is On The Lam — In Serbia: Report

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USA Real Estate Holding Co

USA Real Estate Holding

Terraform Labs co-founder and CEO Do Kwon, wanted internationally in relation to the collapse of the Terra ecosystem, has traveled from Dubai to Serbia, where he is currently hiding.

Terraform Labs was the company behind the creation of the stablecoin terraUSD (CRYPTO: USTC), which was <a href="https://www.benzinga.com/markets/cryptocurrency/22/09/28880698/south-korean-government-seeks-to-revoke-do-kwons-passport-report">de-pegged from the dollar in May</a>.

The de-pegging led to a collapse of the algorithmic stablecoin LUNA (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/luna/usd">LUNA</a>), the first major collapse which accelerated the crypto winter earlier this year.

Also read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/12/29996694/nigeria-prohibits-atm-cash-withdrawals-of-over-225-per-week-to-promote-cbdc-use">Nigeria Prohibits ATM Cash Withdrawals Of Over $225 Per Week To Promote CBDC Use</a>

South Korea has already issued an arrest warrant for Kwon.

Additionally, <a href="https://www.benzinga.com/markets/cryptocurrency/22/09/29001397/breaking-terras-do-kwon-slapped-with-interpol-red-notice-says-south-korea">Interpol had issued</a> a &quot;red alert&quot; for the co-founder, asking law enforcement agencies all over the world to find and temporarily detain a person pending extradition, surrender, or equivalent legal action.

Kwon was in Serbia, according to the Seoul Southern District Prosecutor&#39;s office, and the local Ministry of Justice was in the process of requesting Serbian authorities&#39; assistance in the probe, according to CoinDesk Korea.

Kwon <a href="https://www.coindeskkorea.com/news/articleView.html?idxno=82519">reportedly</a> left South Korea in April for Singapore, then traveled to Dubai in October before arriving in Serbia.

His passport has already been canceled, so police are unable to examine official records, prompting concerns that he may have already relocated to another nation.

Kwon was in Europe, according <a href="https://www.bloomberg.com/news/articles/2022-11-04/south-korea-indicates-crypto-fugitive-do-kwon-may-be-in-europe#xj4y7vzkg?#xj4y7vzkg?=true&amp;sref=3REHEaVI#xj4y7vzkg?#xj4y7vzkg=true&amp;sref=3REHEaVI">to</a> Bloomberg.

Meanwhile, a South Korea court dismissed prosecutors&#39; request for an arrest warrant against Terraform co-founder Daniel Shin.

Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/12/30005572/meta-rival-telegram-now-allowing-blockchain-numbers-to-support-no-sim-accounts">Meta Rival Telegram Now Allowing Blockchain Numbers To Support No-SIM Accounts</a>

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Monday, December 12, 2022

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