Prosecutors say Terra’s Do Kwon is obviously on the run.
Recently, Terra Labs co-founder Do Kwon was hit with an arrest warrant by South Korean police, after which he seemed to have fled Singapore.
Despite this, he remained adamant that he had not “run” from officials nor is he trying to escape and hide. He claimed to be in full cooperation with authorities and he and his team have nothing to hide.
I am not “on the run” or anything similar – for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide
— Do Kwon 🌕 (@stablekwon) September 17, 2022
Despite these claims however, The Seoul Southern District Prosecutors’ Office seems to have differing views on the situation at hand, claiming that Do Kwon was indeed on the run from authorities.
On Monday, the Seoul Southern District Prosecutors Office stated that they have begun the process of not only asking the Seoul’s foreign ministry to revoke Kwon’s passport, but have also reportedly added Do Kwon onto Interpol’s red notice list.
“We have begun the procedure to place him on the Interpol red notice list and revoke his passport,” the prosecutors say, in addition to the claim that Kwon had not been cooperating with the investigations into Terra’s $40 billion collapse earlier this year.
An Interpol Red notice is used to call and allow law enforcements worldwide to “locate and provisionally arrest a person pending extradition, surrender or similar legal action.” This would make Do Kwon a wanted fugitive in up to 195 countries around the world.
Prosecutors said that they are “doing their best to locate and arrest him”, and that Do Kwon “is clearly on the run as his company’s key finance people also left for the same country during that time.”
South Korea has reportedly asked Interpol to issue a red notice for Do Kwon, Founder of Luna.
— Crypto India 🔑 (@CryptooIndia) September 19, 2022
In his first interview with Coinage since the fall of Terra last month, Do Kwon claims that he hadn’t been in contact with South Korean authorities due to them not having reached to contact him.