Terra Founder Do Kwon Risks Interpol Wanted

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 Terra Founder Do Kwon Risks Being Wanted by Interpol

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South Korean prosecutors say Do Kwon, the founder of a crypto project whose capitalization has collapsed by more than $60 billion, is facing a “red mark” Interpol, and he is trying to avoid damages in connection with the crisis that has shaken the digital asset market.

“Red Label” is requested from Interpol to seek the assistance of law enforcement agencies around the world in carrying out the arrest of a wanted criminal.

Kwon moved from South Korea to Singapore, where the base of his now defunct Terraform Labs project was located, but the city-state claims that he is no longer there. Kwon's whereabouts are unclear and he denies being on the run, even as prosecutors in Seoul seek to arrest him on charges of violating the capital markets law. circumstantial evidence of an escape,” which is why the arrest warrant was issued, the South Korean prosecutor's office said.

Over the weekend, Kwon tweeted that he had “nothing to hide.” and he is in “full cooperation” with officials, but did not publicly disclose his whereabouts.

However, according to some reports, Kwon is not cooperating with the investigation and told investigators through a lawyer that he did not intend to come to them for questioning, writes Bloomberg .

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