Do Kwon, co-founder and CEO of Terraform Labs, insists that he is not running after the Korean authorities. Meanwhile, Korean prosecutors believe that Interpol issued a “Red Notice” about Kwon’s arrest. Terraform Labs, the company Kwon founded, is behind the collapsed cryptocurrencies terraUSD and luna, which combined were worth $60 billion before they collapsed.
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South Korea has been searching for Kwon’s arrest since the beginning of this month. But domestic prosecutors have accused Kwon of being on the run. On Tuesday, a spokesman for the Seoul Southern District Prosecutors’ Office in the South Korean capital told CNBC that global law enforcement agency Interpol had issued a “Red Notice” for Kwon.
According to Interpol. This notice is a requirement for law enforcement worldwide to locate and arrest the person in question. This could then lead to an extradition.
However, Kwon said he was not on the run, using his Twitter account to hit back at the authorities.
“I’m coding in my living room hbu,” Kwon tweeted in response to one person asking about his whereabouts.
Kwon insists he’s making “no effort to hide” when he says he walks and goes to malls.
Kwon also said he did not see his name on Interpol’s “Red Notices” list. The agency does not always make these announcements public.
The spokesperson told CNBC, the Seoul Southern District Prosecutors’ Office believes Kwon is still on the run.
Kwon’s Twitter location says he’s in Singapore. But earlier this month, the Singapore Police Force said that Kwon was not in the city.
South Korean prosecutors said the purpose of the Red Notice is to locate Kwon, bring him back to South Korea and then officials will decide within 48 hours whether to order his arrest. or not.
– CNBC’s Jihye Lee contributed to this article.
