<p>Prosecutors in South Korea claim Interpol has issued a red notice for the arrest of Terraform Labs CEO Do Kwon, according to a <a href="https://www.bloomberg.com/news/articles/2022-09-26/south-korea-says-interpol-issued-red-notice-for-terra-s-do-kwon">Bloomberg report</a>.</p> <p>The news comes after a South Korean court <a href="https://www.theblock.co/post/169825/south-korean-court-issues-warrant-for-do-kwons-arrest">issued a warrant</a> for Kwon’s arrest on Sept. 14. Days later, after Kwon <a href="https://www.theblock.co/post/170902/do-kwon-says-he-is-not-on-the-run-cooperating-with-authorities">claimed</a> he was not on the run, South Korean prosecutors <a href="https://www.theblock.co/post/170992/south-korea-asks-interpol-to-issue-red-notice-for-do-kwon-ft">asked Interpol</a> to issue a red notice against him.</p> <p>Those same prosecutors said on Monday that Interpol, which coordinates policing efforts between countries, had issued the notice, Bloomberg said.</p> <p>Kwon’s location is currently unknown after police in Singapore, where Terraform Labs was based, said a few weeks ago that he was <a href="https://www.theblock.co/post/170896/do-kwon-is-not-in-singapore-according-to-police-reuters">not in the city-state</a>.</p> <p>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.</p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. 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.</p> </span>