Home Crypto Interpol puts Terra Luna founder Do Kwon on the wanted list

Interpol puts Terra Luna founder Do Kwon on the wanted list

Interpol zet Terra Luna oprichter Do Kwon op opsporingslijst

Do Kwon, the infamous founder of the collapsed Terra (LUNA), has been placed on his want list by the International Criminal Police Organization, or Interpol. Bloomberg reported on Sept. 26:

Red Notice for Terra founder Do Kwon

Do Kwon has received a so-called ‘Red Notice’ from Interpol. These are issued to fugitives by the international investigation service. It is a list of requests to local law enforcement officers around the world to locate and arrest a person.

The Terra founder is facing allegations of the collapse of his cryptocurrency. In May, LUNA, along with stablecoin USDT, collapsed completely. As much as $60 billion in capital was lost and several crypto companies were pulled underwater.

Where is Do Kwon?

South Korea recently issued an arrest warrant for Do Kwon and five of his colleagues. The founder then claimed that he is in Singapore, but that turned out not to be the case. Kwon himself recently denied that he had fled:

“We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity and look forward to clarifying the truth in the coming months.”

However, the South Korean authority said it has “no intention whatsoever to come forward for questioning.” Subsequently, the South Korean authorities requested that Kwon be placed on this Red Notice list. Bloomberg reports that this has now happened.

For the time being, neither Interpol, Do Kwon, nor his company Terraform Labs, have made an official response to this latest development. Do Kwon is also not yet on Interpol’s Red Notice list.

LUNA & LUNC are becoming volatile again

Meanwhile, the prices of the new terra (LUNA) and the old, now called terra luna classic (LUNC), are becoming very volatile again. Prices were this morning the deepest in the red of all crypto, but at the time of writing they are shooting off like rockets again. This increase follows the latest crypto news that the largest crypto exchange in the world, Binance, has decided to wipe out all of LUNC’s trading fees.

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