The Singapore police have begun investigating Do Kwon's Terraform Labs

ChainCatcher news, in a statement via email on Monday, the Singapore police stated that "they have begun an investigation into Terraform Labs," adding that the investigation "is ongoing." Furthermore, Do Kwon is currently not in Singapore.

The U.S. Securities and Exchange Commission charged Do Kwon and Terraform Labs with fraud last month. Kwon is also facing allegations in South Korea regarding the disappearance of $60 billion in digital assets. (Bloomberg)