Red Notice issued for Terraform Labs co-founder Do Kwon
Terraform Labs was behind TerraUSD and Luna, both of which hit rock bottom in May.Interpol has issued a Red Notice for co-founder of Terraform Labs, Do Kwon. The co-founder is wanted in connection with charges related to some $60 billion that was wiped from the face of the Earth when his cryptocurrency projects went belly up.
You may know Terraform Labs from its cryptocurrency Luna and stablecoin TerraUSD or UST. Both of those and South Korea wants Kwon and co to answer for the loses. South Korea had previously issued its own warrant for arrest.reports, Kwon and five others are accused of crimes including breaches of capital-markets law in South Korea. While it was believed that Kwon was in Singapore where Terraform Labs had a base, he is reportedly no longer located there. This has seemingly prompted Interpol to issue a Red Notice.
A Red Notice from Interpol is a request to law enforcement worldwide to locate and provisionally arrest an individual pending extradition, surrender or similar legal action. Despite saying that he was not “on the run” some two weeks ago, Kwon hasn’t tweeted since then and his comments about “going for a run” have aged incredibly poorly.
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