Terra's Do Kwon is at risk of Interpol red notice from South Korean prosecutors

livemint.com:

Terraform Labs CEO Do Kwon is at risk of an Interpol red notice. An arrest warrant has been issued by the Seoul Southern District Prosecutors Office against Kwon who is the forefather of TerraUSD algorithmic stablecoin and sister token Luna that wiped out reportedly $60 billion in the cryptocurrency market. Kwon's whereabouts are unknown, although, the co-founder of Terra tokens denied rumours of being on the 'run' from government agencies.

On Monday, the prosecutors office revealed that they are in the process of requesting Interpol to step in for capturing Kwon.

The Interpol red notice generally seeks support from law enforcement globally to make an arrest.

The prosecutors' office earlier said that there has been “circumstantial evidence of escape" ever since he left for Singapore, and that is why an arrest warrant was issued in the first place, reported Bloomberg.

Other prosecution sources said in a Yonhap News Agency that Kwon hasn't cooperated with the prosecution investigation, and around August he told the prosecution via a lawyer that he had no intention to appear before prosecutors for questioning.

The South Korean cryptocurrency developer had moved to Singapore where his Terraform Labs project is headquartered. His Singapore employment is due to expire in December this year, and chances are that it might get cancelled and push Kwon to return to his home country.

It is being said that an arrest warrant is issued against Kwon along with five others over the Terra collapse.

Earlier, Singapore's Straits Times newspaper mentioned that Kwon apparently applied to renew his Employment Pass (EP), which expires on Dec 7, but this may be in jeopardy as South Korean authorities have moved to invalidate his passport in a