Interpol Issues ‘Red Notice’ for South Korean Crypto Founder Do Kwon – The New York Times

Interpol has issued a “red notice” for the search and arrest of Do Kwon, the South Korean co-founder of Terraform Labs, the Seoul Southern District Prosecutors’ Office said on Monday. The South Korean authorities had requested assistance from the global police agency to trace Mr. Kwon’s whereabouts earlier this month.

Mr. Kwon and his company faced investigations by the South Korean government after the value of his cryptocurrencies, Luna and TerraUSD, plummeted and contributed to a $300 billion crash across the crypto economy in May. The plunge caused an uproar among investors and led to calls for an inquiry into Mr. Kwon and his company after allegations of tax evasion and fraud.

Source: Interpol Issues ‘Red Notice’ for South Korean Crypto Founder Do Kwon – The New York Times