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South Korea says Interpol issued Red Notice for Terra's Do Kwon

Do Kwon faces charges in South Korea related to the US$60 billion ($85.76 billion) wipeout of cryptocurrencies he created.

South Korea said Interpol requested law enforcement worldwide to locate and arrest fugitive Terraform Labs co-founder Do Kwon.

Prosecutors in Seoul said Monday that the international police organization has issued a Red Notice for Kwon. He faces charges in South Korea related to the US$60 billion ($85.76 billion) wipeout of cryptocurrencies he created.

Officials have accused Kwon and five others of crimes including breaches of capital-markets law. Kwon earlier this year moved from South Korea to Singapore, where his now collapsed Terraform Labs had a base, but his location became unclear after the city-state on Sept 17 said he’s no longer there.

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