South Korea Launches International Manhunt for Fugitive Terra Founder Do Kwon

By Geoffrey Smith — South Korean prosecutors have asked Interpol to issue an international arrest warrant for Do Kwon, the co-founder of the Terra/Luna cryptocurrency network whose spectacular collapse earlier this year triggered a wave of defaults by crypto investment companies.

“We have begun the procedure to place him on the Interpol red notice list and revoke his passport,” the Financial Times quoted the prosecutors’ office as saying, dismissing Kwon’s earlier claim that he was willing to cooperate with any investigation.  

Kwon’s whereabouts are currently unknown. His last known location, before prosecutors issued an arrest warrant for him in Korea, had been in Singapore, along with a handful of other key collaborators on the project. However, Singaporean police asserted on Friday that Kwon was no longer in the city-state. 

On Saturday Do Kwon had denied being a fugitive, saying on Twitter

“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.” 

“We are in the process of defending ourselves in multiple jurisdictions,” Kwon added. “We have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months.”

Kwon’s comments didn’t cut any ice with the Korean prosecutors, however, noting that Kwon and his colleagues had been together in Singapore since April. 

“He is clearly on the run as his company’s key finance people also left for (Singapore) during that time,” The FT quoted a spokesman for the prosecutors as saying. 

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