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.
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.