Interpol issues red notice against Terraform Labs founder Do Kwon

Interpol Red Notice

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Categories: Cryptocurrency

Interpol issues red notice against Terraform Labs founder Do Kwon

  • Terraform Labs founder Do Kwon reportedly issued a red notice by Interpol
  • South Korean authorities submitted a request to Kwon to issue a red notice, which has now been accepted by the International Police Organization.

A "Red Notice" has been issued against Terraform Labs founder Do Kwon

Kwon, popularly known as the founder of the cryptocurrency Luna, is currently being prosecuted by South Korean authorities for allegedly being under the radar of Capital Markets Law Terraform Labs founder Do Kwon Is Now on Interpol's radar. Do Kwon, the founder of Terraform Labs, has said. Notorious red notice issued by Interpol.

The report cited a text message received from South Korean officials, which corroborated the fact that Do Kwon is being actively pursued by Interpol. According to Interpol, a "red notice" is a request for law enforcement around the world to locate a provisionally arrested person and track extradition, surrender, or similar legal action.

The news comes a week after South Korean officials formally requested Interpol to issue a red notice against him. The request appears to have been accepted by the International Police Organization. The search for the Luna Crypto founder has intensified over the past few weeks, with South Korean authorities ramping up their efforts to arrest Do Kwon.

Do Kwon is currently being tried in his homeland on charges related to a violation of the Capital Markets Law. Kwon was previously reported to be living in Singapore. However, a statement issued by the Singapore Police confirmed that Do Kwon was not in the city-state, causing authorities to intensify their efforts to trace Kwon.

Moreover, the South Korean authorities left no stone unturned in their efforts to locate and prosecute Kwon. The authorities had first submitted a request to the South Korean Ministry of Foreign Affairs to invalidate the passport of Do Kwon, followed by submitting another request to Interpol concerning the issuance of the red notice.

Kwon landed himself in troubled waters after the intense crash of the Luna cryptocurrency in May 2022. The Terraform Labs founder was accused of conducting fraudulent and deceptive activities in the crypto space, which ultimately harmed investors and consumers. The crash was massive in terms of scale and resulted in the loss of $42 billion worth of investor funds.

Terraform Labs, cryptocurrency Luna, Red notice ,South Korean ,Luna Crypto ,crypto space, Kwon, Capital Market laws, Interpol's radar, Investors

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