Interpol to Issue ‘Red Notice’ on Wanted Terra Founder Do Kwon

South Korean prosecutors have asked Interpol, an International Criminal Police Organization, to issue a red notice against Terra creator Do Kwon, whose whereabouts remain unknown, the Financial Times reported on Monday.

A red notice requests law enforcement in 195 countries to locate and provisionally arrest a person for having them extradited to face a criminal charge(s).

Red Notice Against Do Kwon

Per the report, the Seoul Southern District Prosecutors’ Office has asked Seoul’s foreign ministry to invalidate Kwon’s South Korean passport because he is on the run and has refused to cooperate with a probe into the $40 billion collapse of the Terra ecosystem.

“We have begun the procedure to place him on the Interpol red notice list and revoke his passport,” the prosecutors’ office said.

The prosecutor’s office stated that Kwon notified investigators through his lawyer that he did not want to respond to their summons immediately.

“We are doing our best to locate and arrest him. He is clearly on the run as his company’s key finance people also left for the same country during that time,” the office said.

The request for red notice comes a few days after an arrest warrant was issued against Kwon by a South Korean court. Following the warrant’s issuance, reports indicate that Kwon relocated to Singapore. However, Singaporean police officials have recently stated that he is not in the city-state.

Do Kwon: I’m Not on the Run

On Saturday, the Terra founder released a series of tweets, saying he is not on the run from any government agency that has shown interest in communicating and that he has nothing to hide.

Kwon also noted in his tweet that he would only reveal his current location to his friends and associates. 

Meanwhile, since the Terra implosion, regulators in South Korea have intensified their focus on the crypto industry to protect investors against another Terra-like crash. Last month, the South Korean Financial Services Commission (FSC) investigated 16 crypto exchanges, including KuCoin and ZB.com, for unreported operations.

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