Interpol has apparently issued a “Red Notice” to police force worldwide for that arrest of Terraform Labs co-founder Do Kwon.
South Korean prosecutors in Seoul on Monday told Bloomberg the worldwide policing organization issued the notice as a result of charges Kwon faces in Columbia associated with the collapse from the Terra ecosystem.
This news only comes per week after South Korean prosecutors apparently requested Interpol to issue a “Red Notice” for Kwon on Sept. 19.
A Red notice is really a “request to police force worldwide to discover and provisionally arrest a person pending extradition, surrender, or similar legal action” based on the Interpol website.
Additionally, it comes under two days after South Korean government bodies issued an arrest warrant for Kwon and five other associates for alleged violations from the country’s capital markets laws and regulations.
Kwon was formerly thought to happen to be surviving in Singapore, but local government bodies stated on Sept. 17 he wasn’t in the united states, with Kwon saying hrs later he wasn’t “on the run,” though he did not reveal his location.
Related: Columbia issues arrest warrant for Terra founder Do Kwon
The Terra ecosystem Kwon co-founded crashed after its algorithmic stablecoin TerraUSD (UST) (now TerraUSD Classic (USTC)) lost its U . s . States dollar peg in May causing vast amounts of dollars price of liquidations over the cryptocurrency market.
