South Korean prosecutors ask Interpol to publish Red Notice for Do Kwon

South Korean prosecutors have asked interpoles to issue a Red Notice against Do Kwon, the co-founder of the collapsed cryptocurrency operator Terraform Labs, in which it is claimed to refuse to cooperate in an examination of the 40 billion dollar implosion of the terrausd and luna tokens.

The public prosecutor's office of Seoul's southern district said on Monday that she asked the Seoul Foreign Ministry to cancel Kwon's South Korean passport, since he was "obviously on the run and did not intend to appear before us".

"We started using the Red Notice List of Interpol and withdraw his passport," said the public prosecutor and added that Kwon did not cooperate in the investigation into the collapse of his company.

A Red Notice of Interpol is a request to the law enforcement authorities worldwide, "to localize and arrest a person who is waiting for delivery, handover or similar legal steps," says the Interpol website. Red announcements are issued for refugees who are either sought for prosecution or serving a punishment.

The public prosecutor said that Kwon had informed the investigators through his lawyer that he did not want to react immediately to her summons.

Prosecutors said that he had dissolved the South Korean unit of Terraform Labs and had left Singapore at the end of April.

"We do our best to find it and arrest it," said a spokesman for the office. "He is clearly on the run because the most important finances of his company also left the same country during this time."

I am not "on the run" or the like - for every government authority that has shown interest in communication, we are in full cooperation and we have nothing to hide

- MACH KWON 🌕 (@stabfukon) 17.09.2022

kwon was unavailable for a statement. Kwon's lawyers could not be achieved immediately for a statement.

Last week, a South Korean court issued arrest warrants against Kwon and five other people who are connected to Terraform Labs because they had violated the country's capital market laws and said they would be in Singapore.

The Singapore police said on Saturday that Kwon was currently not in the city -state, but they would support the South Korean investigation.

After the arrest warrant, Kwon denied being on the run. "I am not 'on the run' or something similar - for every government agency that has shown interest in communication, we work in full and have nothing to hide," wrote Kwon on Sunday on Twitter.

"We are in the process of defending ourselves in several jurisdiction - we have adhered to an extremely high bar of integrity and look forward to explaining the real circumstances in the coming months."

South Korean prosecutors accused Kwon of financial fraud and investigate against him and his company after two symptoms were submitted in the name of 81 investors for allegations that the company had deceived investors.