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Interpol Issues Worldwide Arrest Warrant For Terra Founder, Do Kwon

South Korea has announced that Interpol has requested law enforcement worldwide to locate and arrest Terraform Labs co-founder Do Kwon.

By Staff

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Do Kwon, the founder of Terra, has been wanted for arrest by regulators all around the world. Several lawsuits have been brought against the executive, alleging that he is to blame for the destruction of the Terra ecosystem’s two cryptos, UST and LUNA.

In the latest development, the International Criminal Police Organization (Interpol) has now issued a Red Notice against the Terra founder. Red Notices, are issued for wanted fugitives either for prosecution or to serve a sentence. According to Interpol’s website, a notice of this kind asks law enforcement agencies all over the world to find and temporarily detain a person pending extradition, surrender, or comparable legal action.

Worth recalling here is that Korean officials have allegedly accused Kwon and five others of crimes including breaches of capital-markets law. In fact, a fortnight back, the prosecutors confirmed that there was circumstantial evidence of escape ever since Kwon left for Singapore, and that is why an arrest warrant was issued in the first place.

Kwon used social media to declare that he was not hiding and that he had expressed a desire to interact with the administration. Additionally, he asserted that his group was totally collaborating because they had nothing to conceal.

However, in response to Kwon’s “I am not on the run” or anything similar tweet, South Korean prosecutors said that Do Kwon was obviously on the run and was not cooperating with the investigation.

A day after, a representative of the Korean prosecution commented that efforts were being made to track down and capture suspect Do Kwon. Additionally, they said that they will work with domestic and international investigative organizations to solve the crime. The recently issued arrest warrant by Interpol will now aid in encouraging the same.

It is important to note that Terra’s collapse led to the unraveling of Three Arrows Capital, a once high-flying crypto hedge fund. Contagion also buffeted lenders and brokers such as Voyager Digital and Celsius Network.


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