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Terra Co-Founder Do Kwon Faces Arrest Warrant in South Korea

  • Court in Seoul issued warrant for Do Kwon and five others
  • Allegations include violations of nation’s capital markets law
Do Kwon, co-founder and CEO of Terraform Labs.

Do Kwon, co-founder and CEO of Terraform Labs.

Photographer: Woohae Cho/Bloomberg
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A court in South Korea issued an arrest warrant for Do Kwon, the founder of the Terraform Labs cryptocurrency ecosystem, whose implosion earlier this year sparked a global crypto rout.

The court in Seoul issued a warrant for Do Kwon and five others on allegations that include violations of the nation’s capital markets law, according to a text message from the prosecutor’s office.