Interpol issues red notice for crypto founder Do Kwon
Do Kwon, the cryptocurrency founder whose tanking Luna and "stablecoin" TerraUSD currencies ushered in a $300 billion crypto crash, is now sought by Interpol following arrest warrants issued earlier this month.
South Korean authorities issued warrants last week for Kwon and five others on September 14, alleging their work on Terraform Labs' crypto products violated the country's trading laws. All six were believed to be located in Singapore at the time. Singapore police believe Kwon is no longer there, according to media reports. Interpol issued a "red notice" recently, asking law enforcement agencies around the world to locate and hold Kwon.
Kwon tweeted three days after the South Korean warrant that he was "not 'on the run' or anything similar" and that he was "in full cooperation and we don't have anything to hide." But he hasn't tweeted publicly in more than a week since. South Korean prosecutors said the next day that Kwon was "obviously on the run" and not cooperating with their investigation. Prosecution sources told South Korea's Yonhap News Agency that Kwon's attorney told prosecutors that Do Kwon would not appear for questioning. Kwon and Terraform Labs are also under investigation by the US Securities and Exchange Commission.
