Media: Interpol issues red notice for Do Kwon

Interpol issued a “red notice” for the arrest of Terraform Labs (TFL) CEO Do Kwon. Bloomberg reports, citing the Seoul Prosecutor’s Office (South Korea).

Under Interpol’s procedures, the notice will be accessible to law enforcement authorities in 195 countries. On the organization’s site, Do Kwon’s red notices are not yet listed. Interpol did not respond to the publication’s request.

The collapse of the Terra ecosystem had serious consequences for the digital-asset market. The devaluation of LUNA and алгоритмического стейблкоина UST inflicted substantial losses on users of Anchor Protocol.

The incident also affected the solvency of major industry players: the crypto-lending platform Celsius была одним из крупнейших держателей UST, and the hedge fund Three Arrows Capital вложил about $200 million in LUNA as part of the February токенсейла.

The situation around the project привлекла внимание regulators in South Korea. The activities of TFL заинтересовалась and the Seoul Southern District Prosecutors’ Office.

In June 2022, investors обвинили Terraform Labs and Do Kwon himself of false statements regarding the stability of UST.

In the same month, the company’s CEO заявил, что не считает себя мошенником. He also опроверг allegations of moving $2.7 billion out of the Terra ecosystem prior to its collapse.

In July, the Seoul Southern District Prosecutors’ Office провела обыски at the home of TFL co-founder Daniel Shin and at the office of early investor Dunamu & Partners.

On 14 September, a Seoul court выдал ордер на арест for Do Kwon and five others. According to media reports, prosecutors asked the Ministry of Foreign Affairs to аннулировать их паспорта.

On 17 September, the head of TFL said that не находится «в бегах» и сотрудничает с правоохранителями. He stressed that he did not intend to disclose his location to outsiders.

Subsequently, South Korean authorities sent Interpol a request for a “red notice” for Kwon.

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