The UST Restitution Group (URG), comprising about 4,400 crypto investors, was formed to hunt down Kwon globally, with members already following active clues, Financial Times’ Song Jung-a reported on October 19.

The group’s operations are coordinated through the social media platform Discord, where members share the latest clues. Recent hints suggest Kwon, who has an Interpol red notice over his name, might be residing in Dubai, Russia, Azerbaijan, Seychelles, or Mauritius.

However, there is a firm conviction that Kwon might be in Dubai due to the region’s crypto-friendly regulations.

“Dubai is friendly to crypto, very international (he would not stand out), and has limited extradition treaties. It would seem like the best fit for the 3-5 hour timezone shift apparent in the data,” said a URG member.