Interpol Wants Do Kwon Globally

 South Korea said Interpol asked law enforcement worldwide to locate the co-founder of Terraform Labs, Do Kwon.

According to Bloomberg, Seoul prosecutors this morning said that the international police agency Interpol has issued a Red Wanted Notice to arrest 9x CEO with many charges related to more than 60 billion USD of cryptocurrency investors is "evaporated".

Do Kwon at the Terraform Labs office in Singapore in April this year. Photo: Bloomberg
Do Kwon at the Terraform Labs office in Singapore in April this year. Photo: Bloomberg

On September 14, Kwon and five others were issued arrest warrants by the Seoul Court for violating national capital market rules. This move aims to shed light on the issues surrounding the demise of two tokens in the Terra ecosystem, Luna and UST. However, prosecutors at the time determined that the Terraform Labs co-founder was not in South Korea.

Earlier this year, Kwon is said to have moved to Singapore - where Terraform Labs is based - to live. However, Singapore on September 17 confirmed he was no longer here. Kwon then took to Twitter to confirm that he was not on the run and had nothing to hide, but refused to reveal his current whereabouts.

In May, the crypto community witnessed one of the biggest disasters in history, when both the Luna and UST coins lost almost all of their value. Information collected by Digital Today (Korea) from the Supreme Court office of this country shows that Terraform Labs decided to dissolve the Korean branch after a board meeting from April 30. This is considered unusual behavior right before the Luna incident took place.

The Luna crash then triggered a series of investigations in both the US and South Korea. In July, South Korean prosecutors raided the home of Daniel Shin, co-founder of Terraform Labs, to gather evidence. At the same time, company employees are also not allowed to leave the country until the investigation is complete.

In mid-August, Kwon denied the allegations related to the collapse, asserting that the Terra project was not a multi-level fraud scheme. He said he also suffered heavy damage and did not know how much he lost. When asked about the possibility of going to prison in the future, Kwon was not too afraid. "Life is long," said the 9x CEO.

Previous Post Next Post


{ads} x