Do Kwon International Manhunt Intensifies: URG Members Turn Into Vigilantes, Hunt Down TFL CEO

Members of a group of retail investors have reportedly turned into vigilantes who are now on a mission to hunt down Terraform Labs (TFL) chief executive officer (CEO) Do Kwon.

Formed in the wake of the Terra collapse and consisting of 4,400 retail investors, the UST Restitution Group (URG) combs the internet for hints and shares information about Kwon and his company with the rest of the group on the social messaging platform Discord to piece together Kwon's whereabouts, Financial Times reported.

South Korean authorities have so far made significant strides in the investigation surrounding the spectacular Terra collapse. They already asked Interpol to include the TFL CEO on its red notice list and revoked Kwon's passport Wednesday. Despite these developments, however, URG members still put in considerable effort to hasten the process of pinpointing Kwon's current location.

The group was formed on May 16, initially as a chatroom for investors of the Terra ecosystem. Its original goal was to come up with a lawsuit in an attempt to recover the funds the members lost due to the crash. Later, members thought of tracking down the crypto CEO.

In a recent interview with Julia Shin on the "Unchained" podcast, Kwon refused to disclose his location, knowing that it could attract threats to personal security.

"The main reason why I don't want to talk about my location to the media is that when the crash happened in May there were lots of situations where personal security was threatened," Kwon told Shin. "It's not in the interest of let's say being on the run or something like that that I don't want to disclose where I live, it's just that every time the location where I live becomes known it becomes almost impossible for me to live there."

Members of the URG said the TFL CEO could be in Dubai, the Seychelles, Mauritius, Russia or Azerbaijan. "Dubai is friendly to crypto, very international (he would not stand out), and has limited extradition treaties in place," one URG member said in September, according to the outlet. "It would seem like the best fit for the 3-5 hour timezone shift apparent in the data."

Members of the URG are from different parts of the world and work in different industries. They all lost thousands of dollars due to the Terra collapse. Some members of the group managed to locate Kwon when he was in Singapore but lost him when he left the city-state.

Kang Hyung-suk, a 26-year-old engineer and member of the URG, is reportedly set to fly to Dubai, where he believes the TFL CEO is currently hiding. "Finding him could be easier than thought," he said, as per Financial Times.

"I want to recruit other people to join the search," Kang added, noting that "there's a 50-50 chance of getting him in Dubai."