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Interpol Seeks Arrest of Crypto Developer Do Kwon – TechCrunch

Kwon faces allegations of defrauding customers, having lost $40 billion of investors’ money after his firm Terraform collapsed earlier this year, TechCrunch said.


Terra developers Daniel Shin, left, and Do Kwon,
Korean police issued an arrest warrant for Terra developer Do Kwon, right, seen here with colleague Daniel Shin. And now Interpol has issued a worldwide alert for the crypto figure, who is assumed to be on the run. YouTube screen grab.

 

Interpol has issued a worldwide red notice for the arrest of the South Korean founder of Terraform, Do Kwon, who was a key figure in the collapse in May that ravaged the crypto sector, according to TechCrunch.

Kwon faces allegations of defrauding customers, having lost $40 billion of investors’ money after his firm collapsed and led to the wipeout of high-profile hedge fund Three Arrows Capital, the report said, adding that South Korean prosecutors accused Kwon of “not cooperating” and being “obviously on the run”.

Read the full report: Tech Crunch.

 

 

Read more:

South Korean Investigators Raid Crypto Exchanges in Luna Probe

 

Singapore Defends Crypto Regime After Three Arrows Collapse

 

Ether Eyes Bitcoin’s Crypto Crown as ‘Merge’ Upgrade Looms

 

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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