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A Terraform Labs representative said there is ‘no reasonable basis’ for the accusation of breaches of capital-markets law in South Korea, which has a warrant for Kwon’s arrest.
A red notice reportedly issued by Interpol and a South Korean arrest warrant later, Terra’s Do Kwon continues to insist that he is not on the run nor hiding.
Do Kown recently said that he is "not on the run because he has nothing to hide."
The Interpol's red notice page does not yet have Kwon's name on it.
SEOUL (Bloomberg): South Korea said Interpol requested law enforcement worldwide to locate and arrest Terraform Labs co-founder Do Kwon, who faces charges related to the US$60 billion wipeout of cryptocurrencies he created.