Less than a week after South Korean authorities issued an Haftbefehl for the founder of TerraForm Labs, the company behind TerraUSD, the prosecutor’s office is now seeking an Interpol red notice against Zu Kwon.
d' roude Notiz will prompt all 195 member nations to locate and verhaft Kwon, who has been labeled a fugitive by authorities.
Response to tweets over the weekend
The latest development in the Terra saga comes two days after the 31-year-old at the helm of Terraform took to Twitter on Saturday (18 September) to respond to the allegations made against him.
"I am not on the run or anything similar,” Kwon gesot his followers. He further added,
"Mir sinn amgaang eis a ville Juridictioune ze verteidegen - mir hunn eis op eng extrem héich Bar vun Integritéit gehalen, a freeën eis d'Wourecht an den nächste Méint ze klären."
Citing concerns for his privacy, Kwon refused to advertise his location but added that he was Kooperatioun with government agencies.
Procureuren gesot local media that Do Kwon was “obviously on the run.” The prosecutor’s office also revealed that Kwon made it known through his lawyers that he had keng Absicht of appearing for questioning or cooperating with the investigation.
Prosecutors in the case have labeled Kwon a fugitive and claimed that he fortgelaf ass his home country in April, just weeks before his firm imploded.
Kwon war lescht gesi ginn in Singapore, where he founded Terraform in 2018. Singapore local police issued a statement on 17 September informing that he was Net méi in the country. Kwon’s relatives as well as key Terraform executives were reported to have flown to Singapore in May.
Actions taken by authorities
On 15 September, Seoul Southern District Prosecutors’ Office asked the Ministry of Foreign Affairs to ze zéien the passports of Do Kwon and four of his associates.
Earlier in June, South Korean prosecutors had erënnert Terra employees from leaving the country in order to make sure that concerned individuals don’t flee from the investigation. Do Kwon was reportedly in Singapore at the time.
Am Juli, südkoreanesch Autoritéiten ausgefouert gëtt a Sich a Beslag on 15 firms, including seven crypto exchanges believed to be connected to the collapse of Terra reportedly gaining access to data related to USTC and LUNC transactions.
Terra Classic [LUNC] has plummeted more than 13% since the arrest warrant against Do Kwon was issued last week. Sister token Terra [LUNA] saw a worse decline in its price, precisely 36.17%.
Source: https://ambcrypto.com/south-korean-prosecutors-seek-interpol-red-notice-is-luna-on-risk/