Interpol issued a 'red notice' to Do Kwon Interpol issued a | Crypto_NFT
Interpol issued a "red notice" to Do Kwon
Interpol issued a "red notice" about the detention of Terraform Labs (TFL) CEO Do Kwon. Bloomberg writes about this with reference to the Seoul Prosecutor's Office (South Korea).
According to the procedure, the law enforcement agencies of 195 countries will receive the request. There is no Do Kwon card on the website of the organization yet. Interpol did not respond to the publication's request.
The collapse of the Terra ecosystem had serious implications for the digital asset market. The depreciation of LUNA and the algorithmic stablecoin UST caused significant damage to Anchor Protocol users.
The incident also affected the solvency of large industry players: cryptolending platform Celsius was one of the largest holders of UST, and hedge fund Three Arrows Capital invested about $200 million in LUNA as part of the February token sale.
The situation around the project has attracted the attention of South Korean regulators. The Seoul Southern District Prosecutor's Office also became interested in the activities of the TFL.
In June 2022, investors accused Terraform Labs and Kwon personally of making false statements regarding the stability of the UST.
In the same month, the company's CEO said that he did not consider himself a fraud. He also denied accusations of withdrawing $2.7 billion from the Terra ecosystem before its collapse.
In July, the Seoul Southern District Attorney's Office raided the home of TFL co-founder Daniel Shin and the office of early investor Dunamu & Partners.
Recall, on September 14, a South Korean court issued an arrest warrant for Do Kwon and five other people. According to media reports, the prosecutor's office appealed to the Foreign Ministry with a request to cancel their passports.
On September 17, the head of the TFL stated that he was not "on the run" and was cooperating with law enforcement. He stressed that he was not going to disclose his location to strangers.
Later, the South Korean authorities sent a request to Interpol to issue a "red notice" for Kwon.
