Interpol has issued a Red Notice against Do Kwon, founder of Terraform Labs, the information reports.
See also: South Korea asks Interpol to issue a red notice for Do Kwon
Terraform Labs founder Do Kwon oversaw the collapse of the Terra Luna and UST cryptocurrencies in May, wiping out more than $40 billion in investor.
The Red Notice is considered the closest instrument to an international arrest warrant, serving as a request to law enforcement authorities around the world to locate and provisionally arrest the individual.
See also: South Korea issues arrest warrant for Terra founder Do Kwon
Interpol has not yet announced the Red Notice on its website, but Bloomberg reported that the international criminal police organization had put the notice into effect over the weekend.
Interpol's involvement follows a request from prosecutors in South Korea, who are investigating allegations of fraud and financial crimes.
After speculation about his whereabouts last week, Mr. Kwon claimed he was in the process of defending Terraform Labs in “multiple jurisdictions,” but denied there was a warrant for his arrest.
See also: 8 suicides due to the fall of crypto Luna – What is true?
The Seoul Southern District Prosecutors' Office denied this claim, telling local news outlet Yonhap that it had "evidence" that Kwon was trying to escape, and went so far as to ask Interpol to issue a Red Notice for Do Kwon.
The Terra Luna system collapsed in May, with the price of both tokens falling to almost zero and the repercussions hitting the broader crypto market.
Source of information: independent.co.uk
