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Interpol Issues Red Notice for Terra’s Do Kwon, Korea Says

  • Kwon’s Terraform Labs ecosystem suffered a $60 billion wipeout
  • Prosecutors in his native South Korea sought his detention
Do Kwon in Seoul in April.

Do Kwon in Seoul in April.

Photographer: Woohae Cho/Bloomberg
Updated on

South Korea said Interpol requested law enforcement worldwide to locate and arrest Terraform Labs co-founder Do Kwon, who faces charges related to the $60 billion wipeout of cryptocurrencies he created.

Prosecutors in Seoul said Monday in a text message that the international police organization has issued a Red Notice for Kwon, the latest inglorious chapter of a $2 trillion rout in digital assets that exposed hugely risky practices. Neither Interpol, Kwon nor Terraform Labs immediately replied to emails seeking comment.