BitcoinWorld

Latest News

Fugitive Terra Founder Gets Arrest Warrant Issued by Interpol

Now, unsurprisingly, it occurs: Do Kwon, the infamous co-founder of the Terra ecosystem that catastrophically collapsed in May, is implicated, and the Interpol wants a piece of him, according to numerous news agencies on Monday.

The Singapore Police Force issued an arrest warrant for Kwon last Thursday, claiming that he had left the country at the time. It’s rumored that he owns a home in Singapore.

Following the uproar over his whereabouts, it appears that the Interpol was only giving Kwon time to turn up. I am ‘not on the run’ or anything similar, Kwon tweeted last week.

Do Kwon claims he is not evading the police

In fact, Kwon made fun of the situation by tweeting that he only wanted to “cut some calories.” It’s unclear exactly where he was.

Kwon is “obviously on the run,” according to South Korean authorities, and is not collaborating with them.

The International Criminal Police Organization (Interpol), which requests law enforcement agencies all over the world to find and apprehend Do Kwon, has issued a Red Notice, according to the South Korean police. Do Kwon is wanted on suspicion of wiping out cryptocurrencies to the tune of US$45 billion.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.