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Prosecutors in Seoul issued an arrest warrant last week for Mr. Kwon on charges of violating South Korea’s financial laws. His cryptocurrencies, Luna and TerraUSD, crashed in May.
The co-founder of the stablecoin TerraUSD, Do Kwon, is officially a wanted man in his native South Korea. Last week, a court there issued an arrest warrant for him, and prosecutors say he’s [...]
"Life on the run must be demanding. Are his main accounts being monitored," a critic of Do Kown said.
The community believes burning tokens would help spike the price of the token — an idea Do Kwon frowned upon since it was proposed by some holders.
Korean prosecutors have asked Interpol to issue a Red Notice for Do Kwon, co-founder of the ill-fated Terra-Luna coins, saying that he is “obviously on the run” and seems unwilling to cooperate with the investigation. According to Seoul Southern District Prosecutors' Office, the prosecution requested the international police and crime control authority to place Kwon on its Red Notice list. It will take more than 10 days until Interpol issues the notice. The Red Notice is the highest level of alert issued to police across the globe when a person is wanted from another country.