- Interpol has issued a worldwide arrest warrant for Terra founder Do Kwon.
- A Red Notice is a serious step and is usually issued for wanted fugitives.
- Korean officials have already accused Kwon and five other persons of crimes like breaches of capital markets law.
Earlier today, the news broke out that Interpol, the international criminal police organization, has issued a worldwide arrest warrant for Terra founder Do Kwon. This is the information shared by South Korean officials.
Regulators around the globe have been on the lookout for Kwon as several cases have been filed against him, blaming him for the wipeout of LUNA and UST.
In the latest development, Bloomberg reported: “Prosecutors in Seoul said on Monday in a text message that the international police organization (Interpol) has issued a Red Notice for Kwon”.
A Red Notice is a serious step and is usually issued for wanted fugitives- either for prosecution or to serve a sentence. According to Interpol’s website, a Red Notice is served as a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.
It is also worth noting that Korean officials have already accused Kwon and five other persons of crimes like breaches of capital markets law. Their initial action was to revoke Kwon’s passport to coerce him to return. In addition to this, a few weeks ago, prosecutors confirmed that they have “circumstantial evidence of escape” since Kwon left for Singapore.
Kwon responded to these allegations on social media and stated that he is not on the run and is fully cooperating with law enforcement.
Despite this, Korean prosecutors paid no heed to Kwon’s response and stated that he is very obviously on the run and is not, in fact, cooperating with officials.