SK Interpol issues International arrest warrant for Terra’s Kwon Do

Kwon DO

South Korea Interpol has issued a Red Notice aka arrest warrant with a request to the International Criminal Police Organization to capture Kwon Do. The Korean prosecutors confirmed the issuance.

According to a recent Bloomberg report, Kwon Do is now an international criminal. It seems that the ropes of investigation are tightening against the co-founder of Terra ecosystem.

After the great market crash that caused the collapse of Terra’s ecosystem, people lost over 60 million dollars from their investment in LUNA/UST. This was the biggest fall in crypto market history.

Following the collapse, Kwon Do has been on a run to avoid investigations from SEC and Korean authorities. However, the investors filed a lawsuit which has sped up the probe process even more.

At first, a Red Notice was issued to arrest Do once he landed in South Korea. Now, South Korean Interpol has issued an international arrest warrant against Terraform Labs’ co-founder.

As of now, no one really knows where Kwon Do is. He was reportedly staying in Singapore and was active on Twitter updating Terra’s community on the new LUNA hard fork.

South Korean prosecutors have accused Kwon and five of his partners of allegedly violating the capital-markets law. His partner, Daniel Shin, was recently probed but he denied involvement with Terra.

Now that the international Red Notice is issued, Kwon Do won’t be able to travel overseas until the arrest is lifted because he is most likely to be detained at the international airport.

How will the co-founder of Terraform Labs face these challenges? Will he willingly submit to the authorities or stay hidden and forcefully arrested by them? Nothing can be said as of now.

Other stories

AC Milan x MonkeyLeague to launch NFT in-game assets