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Sunday, April 27, 2025

Crypto Fugitive Kwon Denies Hiding from Authorities - Blockchain.News

Terraform Labs co-founder has denied being in hiding after South Korean authorities asked Interpol to issue a red notice for his arrest.
Do Kwon tweeted.
The red notice has exposed hugely risky practices in the digital assets industry.
Kwon faces South Korean charges over a $60 billion cryptocurrency wipeout.
According to prosecutors in Seoul, law enforcement globally has been requested to locate and arrest the 31-year-old Kwon.
The red notice came after a South Korean court issued a warrant for Kwon's arrest on Sept 14, and days later, after he claimed he was not on the run, South Korean prosecutors asked Interpol to issue a red notice against him.
Kwon moved to Singapore from South Korea earlier this and until recently, his whereabouts showed that he was still in the city-state. However, his location has become unknown after the local police on Sept 17 said that he was no longer in the city-state.
Kwon and five other Terraform Labs executives face allegations that they breached...



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