Regulators worldwide have been seeking the arrest of Terra founder Do Kwon. Several cases have been filed against the executive allegedly blaming him for the wipeout of LUNA and UST—two cryptos belonging to the Terra ecosystem.
Now, in what is the latest development, the International Criminal Police Organization [Interpol] has issued a Red Notice against the Terra founder. Confirming the same, Bloomberg reported,
“Prosecutors in Seoul said Monday in a text message the international police organization has issued a Red Notice for Kwon.”
Red Notices, as such, are issued for wanted fugitives—either for prosecution or to serve a sentence. Per Interpol’s website, such a notice serves as a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.
Prosecutors have ‘circumstantial evidence of escape against’ Terra founder
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 had taken social media to proclaim that he was not on the run and asserted that he has “shown interest” to communicate with government agencies. He also claimed that he and his team were cooperating fully, for they had nothing to hide.
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.
Back then, a Korean prosecution official confirmed that they were currently in the process to locate the whereabouts of suspect Do Kwon and apprehend him. They further added that they will cooperate with local and overseas investigative bodies to get to the bottom of the case. Interpol’s newly issued arrest warrant will now help in fostering the same.
Read More: Terra founder Do Kwon ‘obviously’ on the run: Korean Prosecutors