Terra Founder Do Kwon Slapped With Interpol Red Notice; Says Report

Interpol issues Red Notice for Terra's co-founder Do Kwon: Report

As per media reports, on Monday (September 26), Interpol issued a red notice for Terraform Labs CEO and co-founder Do Kwon.

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Interpol has asked law enforcement agencies across the world to locate and provisionally arrest Do Kwon and his associates.

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South Korea is seeking their custody to prosecute the individuals for their alleged connection with the multi-billion collapse of the Terra-LUNA stablecoin project.

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According to some, the Terra-LUNA debacle wiped off nearly US$40 billion in investor wealth.

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An arrest warrant for the Terraform founder was issued on September 14 for violating the country's Capital Markets Act.

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Reports say that the prosecutor's office has refused to identify the five known associates of Kwon at Terraform.

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Do Kwon earlier denied that he is on the run and clarified that he is ready to cooperate with any government.

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