11 days ago South Korea issued an arrest warrant for Do Kwon, who is the co-founder and CEO of Terraform Labs and one of the individuals most entwined in this year's widespread crypto crash. The Terra ecosystem's collapse was the domino that sent plenty of others tumbling, including the linked Luna token (fans of which termed themselves 'Lunatics'), and Do Kwon and five others involved have subsequently relocated to Singapore.
This may have been because Singapore has no extradition treaty with South Korea, which could have meant a long and potentially tricky legal process. On the other hand, scratch that, because Interpol has now issued a red notice for Do Kwon. This essentially means that every police force in the world is being asked to locate and arrest him.
A spokesperson for South Korean prosecutors confirmed the red notice to Techcrunch, which was issued following their request. Kwon meanwhile is tweeting out very innocent lines like "you have no business knowing my gps coordinates" to the world.
«I am not 'on the run' or anything similar—for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide,» Do Kwon wrote on September 17. Presumably while packing an overnight bag.
«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.»
No doubt Do Kwon will be handing himself in to the nearest police station as we speak. The interesting element to this, should Do Kwon be arrested and face trial, is what level of criminal liability he may or may not hold for a market crash that he had no real interest in—Do Kwon's
Read more on pcgamer.com