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Interpol Issues Red Notice for Terraforms Labs Founder Do Kwon, South Korea says

Interpol Issues Red Notice for Terraforms Labs Founder Do Kwon, South Korea says

Key Takeaways:



Earlier this month, the court in South Korea issued an arrest warrant for Do Kwon. Kwon is facing charges related to the $60 billion wipeout of cryptocurrencies he created.



Prosecutors in Seoul, South Korea, have revealed that Interpol has issued a red notice for the Terraforms Labs Founder Do Kwon.



A Red Notice is defined as a request to law enforcement across the world to locate and further provisionally arrest a person pending extradition, surrender, or any similar legal action.



The latest development comes a week after the Singapore Police Force confirmed to the press that Kwon was no longer in the city-state. Do Kwon then tweet that he is in “full cooperation” with authorities and has “nothing to hide”? Earlier this month, the court in South Korea issued an arrest warrant for Do Kwon.



Do Kwon is currently facing charges in South Korea related to the $60 billion wipeout of cryptocurrencies he created. Officials have also accused Kwon and five others of crimes, including breaches of capital-markets law.



Prosecutors have further requested the foreign ministry to invalidate the passports of the five South Korean nationals under investigation. 



“We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity and look forward to clarifying the truth over the next few months,” Kwon has previously said on Twitter.




We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months — Do Kwon

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