Global Manhunt for Terra Luna Founder Do Kwon After Interpol Issues Red Notice
The global law enforcement agency the International Criminal Police Organization (Interpol), issued a notice for Terraform Labs co-founder Do Kwon just a few weeks after a warrant for his arrest was issued by South Korea...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The global law enforcement agency the International Criminal Police Organization (Interpol), issued a notice for Terraform Labs co-founder Do Kwon just a few weeks after a warrant for his arrest was issued by South Korean authorities. The red notice enables South Korea to receive help from global law enforcement bodies in locating and “provisionally arrest[ing] a person pending extradition, surrender, or similar legal action.”
Global Manhunt for Terraform Labs CEO
Just a few weeks after South Korean authorities issued an arrest warrant for Do Kwon and his associates, the global law enforcement agency the International Criminal Police Organization (Interpol) has reportedly issued a red notice for the Terraform Labs co-founder. The issuing of the notice follows reports that Kwon is not residing in Singapore as Korean authorities initially thought.
According to Interpol, red notices are “issued for fugitives wanted either for prosecution or to serve a sentence.” The red notice enables South Korea to receive help from global law enforcement bodies in locating and “provisionally arrest[ing] a person pending extradition, surrender, or similar legal action.”
As reported by Bitcoin.com News, South Korean prosecutors accuse Kwon and five other Terraform Labs affiliates of violating the country’s capital markets law. Kwon also faces other charges that prosecutors have not divulged.
In his initial response to reports that Korean authorities had issued an arrest warrant for him, Kwon insisted in a September 17 tweet that he was not on the run. Instead, he claimed that he was cooperating with “any government agency that has shown interest to communicate.”
The Terraform Labs chief executive officer has not issued a response to the reports that show Interpol has issued a red notice. Earlier this afternoon at 1:05 p.m. (ET), Kwon responded to a tweet that said: “[Do Kwon] where [are] you hiding fam?” Kwon replied that he was “writing code” in his “living room” and further told the individual to come and visit, and that they should have a cigarette soon.
What are your thoughts on this story? Let us know what you think in the comments section below.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
South Korea Tightens Crypto Exchange Defenses After Binance’s $6.3B Security Breach
Key Takeaways: South Korea announced that it will examine local crypto exchanges following a $6.3 billion hack at Binance. The exc...
South Korea’s Supreme Court formalizes crypto asset seizure rules
South Korea's formalized crypto seizure rules enhance creditor predictability and compliance but challenge self-custody enforcemen...
Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies
Binance announced Tuesday that it is refusing to move money to or from the crypto exchange MEXC and its affiliated companies. The...
Ava Labs exec says NYSE deal marks end of blockchain’s ‘general purpose era’
The NYSE's move to adopt a specialized blockchain signals a shift towards tailored blockchain solutions, potentially reshaping fin...
Binance Labs-backed Initia hacked again, $3.3M lost in three weeks
The Initia blockchain was halted Tuesday morning after suffering its second security incident in less than three weeks. An infrast...
US Sanctions More Prince Group-Linked Companies as Crypto Scam Network Crackdown Widens
TL;DR: US officials are pursuing the corporate structures behind online investment scams, not merely the wallets receiving stolen...