A group of South Korean officials has traveled to Serbia in a bid to locate Do Kwon, the co-founder of Singapore-based Terraform Labs, the parent company of crashed stablecoin TerraUSD.

According to a Tuesday report by Bloomberg, a team of South Korean officials went to Serbia last week to seek help in the hunt for Do Kwon. The prosecutor’s office in Seoul has reportedly confirmed the news, noting that a senior Justice Ministry official also accompanied the delegation.

In early December, South Korean prosecutors claimed Do Kwon was “in hiding” in Serbia, asking the European nation’s police force to hand him over to them. The prosecutors said he had moved to Serbia via Dubai in September, after leaving South Korea for Singapore at around the time of the crash.

Notably, Kwon’s South Korean passport has been revoked, which – in theory at least – means he is unable to travel abroad from his current location. An arrest warrant has been issued for him and a number of other Terraform executives and Interpol has issued a Red Notice, calling upon international police officers to arrest Kwon.

(By Ruholamin Haqshanas)