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South Korean authorities requested the cooperation of the Serbian government to bring Kwon to South Korea.

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The international search for Terraform Labs' controversial founder, CEO, and CEO Do Kwon continues. South Korean authorities believe he is in Serbia following his departure from Singapore in September.

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Chosun Media's Dec. 11 report claims that South Korean authorities received a tip about Do Kwon's location, indicating that he may be in Serbia. They were able to confirm this, according to Chosun Media.

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An official told the outlet that they had recently received intelligence that CEO Kwon was currently in Serbia.

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In addition, the report states that South Korea's Ministry of Finance is "in the process of asking for cooperation from the Serbian Government" as part of this investigation.

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South Korean authorities have searched for Do Kwon since Terra's fall but haven't had much success pinpointing his exact location.

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According to reports, the 31-year-old had moved to Singapore in April, just before the Terra ecosystem collapsed.

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Kwon was arrested by the Seoul Southern District Prosecutor's Office's Financial and Securities Criminal Unit on Sept. 14 for allegedly violating South Korean capital market laws.

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Authorities in Singapore confirmed Kwon's disappearance around that time. Kwon had flown to Dubai to transit to an unknown destination.

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