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Interpol issues red notice for crypto founder Do Kwon

Terra, the "algorithmic stablecoin" designed to stick close to the value of the US dollar, collapsed in May 2022, spurring a wider crypto sell-off.

Enlarge / Terra, the “algorithmic stablecoin” designed to stick close to the value of the US dollar, collapsed in May 2022, spurring a wider crypto sell-off. (credit: Getty Images)

Do Kwon, the cryptocurrency founder whose tanking Luna and “stablecoin” TerraUSD currencies ushered in a $300 billion crypto crash, is now sought by Interpol following arrest warrants issued earlier this month.

South Korean authorities issued warrants last week for Kwon and five others on September 14, alleging their work on Terraform Labs’ crypto products violated the country’s trading laws. All six were believed to be located in Singapore at the time. Singapore police believe Kwon is no longer there, according to media reports. Interpol issued a “red notice” recently, asking law enforcement agencies around the world to locate and hold Kwon.

Kwon tweeted three days after the South Korean warrant that he was “not ‘on the run’ or anything similar” and that he was “in full cooperation and we don’t have anything to hide.” But he hasn’t tweeted publicly in more than a week since.

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