Terra’s Do Kwon: We’re Yet to See South Korea’s Arrest Warrant

Terra Do Kwon

Do Kwon, the co-founder of Terraform Labs,  stated on Tuesday that he is yet to receive an arrest warrant issued by the South Korean government. He also said that he is yet to receive a copy of the red notice issued by Interpol.

Media is the Only Source of Information

In September, a South Korean court issued an arrest warrant against Kwon and five other company members for Capital Markets Act violations.

In an interview on the Unchained podcast by journalist Laura Shin, Kwon mentioned that he had not received an arrest warrant from South Korea and that every piece of information he currently has sprung from the media.

“We haven’t seen a copy of the arrest warrant, so every piece of data that we’re consuming regarding this is from the media,” he said.

Kwon argued that the Financial Services Commission (FSC) in South Korea, which is charged with the responsibility of dispensing financial policies, should not be concerned with the enforcement aspect of the law. Since the FSC does not classify cryptocurrencies as securities, Kwon added that it is “not within the ambit of their jurisdiction to regulate cryptocurrency.”

Kwon: We’re Yet to Receive a Copy of the Red Notice

About a week after the arrest warrant was publicly declared, South Korean prosecutors sent a request to Interpol, an international organization that bolsters global police cooperation and crime control. Prosecutors asked that Interpol issue a red notice against Kwon.

Issuing a red notice against Kwon entailed that he would be searched for within 195 countries. He will be provisionally arrested and will face criminal charges if he is located.

Kwon, however, made it clear that his company has not received a copy of the red notice. He also stated that a request to check the status of the red notice has been made. His comments also suggested that he would seek an appeal if the red notice gets declared.

Meanwhile, Kwon refrained from sharing his location, stating that he is doing so because of “threats to personal security and privacy.” 

“Every time the location where I live becomes known, it becomes almost impossible for me to live there,” he added.

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