South Korea says Interpol has issued a red notice for Do Kwon, Bloomberg says

Quick Take

  • Prosecutors in South Korea asked Interpol to issue the red notice a few weeks ago.
  • But Terra architect Do Kwon has claimed he is cooperating with authorities and is not on the run. 

Prosecutors in South Korea claim Interpol has issued a red notice for the arrest of Terraform Labs CEO Do Kwon, according to a Bloomberg report.

The news comes after a South Korean court issued a warrant for Kwon’s arrest on Sept. 14. Days later, after Kwon claimed he was not on the run, South Korean prosecutors asked Interpol to issue a red notice against him.

Those same prosecutors said on Monday that Interpol, which coordinates policing efforts between countries, had issued the notice, Bloomberg said.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Kwon’s location is currently unknown after police in Singapore, where Terraform Labs was based, said a few weeks ago that he was not in the city-state.

He and other Terraform Labs executives face allegations that they breached capital markets laws in South Korea. Terra, the blockchain, and its associated tokens terraUSD and luna collapsed in spectacular fashion in mid-May — wiping out some $40 billion in a matter of days.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Ryan Weeks is deals editor at the The Block, focused on fundraising, M&A and institutional trends in the crypto space, among other things. He is particularly interested in investigative work — so please send tips! Ryan previously worked at Financial News, Dow Jones as a fintech correspondent in London. Prior to that, he wrote for several different publications, including Sifted, AltFi and Wired. Beyond journalism, Ryan is a keen reader and writer. He enjoys all things active, especially running, rugby, climbing and tennis.