South Korean prosecutors seek Interpol red notice, is LUNA on risk
Less than a week after South Korean authorities issued an arrest warrant for the founder of TerraForm Labs, the company behind TerraUSD, the prosecutor’s office is now seeking an Interpol red notice against Do Kwon.
The red notice will prompt all 195 member nations to locate and arrest Kwon, who has been labeled a fugitive by authorities.
The latest development in the Terra saga comes two days after the 31-year-old at the helm of Terraform took to Twitter on Saturday (18 September) to respond to the allegations made against him.
“I am not on the run or anything similar,” Kwon told his followers. He further added,
“We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months.”
Citing concerns for his privacy, Kwon refused to advertise his location but added that he was cooperating with government agencies.
Prosecutors told local media that Do Kwon was “obviously on the run.” The prosecutor’s office also revealed that Kwon made it known through his lawyers that he had no intention of appearing for questioning or cooperating with the investigation.
Prosecutors in the case have labeled Kwon a fugitive and claimed that he fled his home country in April, just weeks before his firm imploded.
Kwon was last seen in Singapore, where he founded Terraform in 2018. Singapore local police issued a statement on 17 September informing that he was no longer in the country. Kwon’s relatives as well as key Terraform executives were reported to have flown to Singapore in May.
On 15 September, Seoul Southern District Prosecutors’ Office asked the Ministry of Foreign Affairs to revoke the passports of Do Kwon
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