Interpol Seeks Arrest of Crypto Developer Do Kwon – TechCrunch


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.

Recent Posts

Hyundai, SK Team up to Build New US EV Battery Plant

The firms aim to begin operations in 2025 and the joint plan will see $4-5…

4 hours ago

China Carmakers Claim 31% of Russia Market After West’s Exit

Brands such as Haval, Chery and Geely have seen their Russian market share reach 31.3%…

5 hours ago

Xi’s ‘Pioneering’ Saudi Trip to Boost Energy, Tech Ties

The meeting between the global economic powerhouse and Gulf energy giant signals Riyadh's interest in…

8 hours ago

G7 Upgrade $15bn Coal Transition Deal Offer to Vietnam

Talks with Vietnam, which is among the world's top 20 coal users, were broken off…

9 hours ago

EU Escalates WTO Case Against China Over Patents, Lithuania

The disputes concern alleged Chinese restrictions on EU companies' rights to use foreign courts to protect their…

9 hours ago

Asia Stocks Slip But Hang Seng Surges on Covid Curbs Hopes

Hong Kong’s benchmark index was boosted by news its government was poised to roll back…

10 hours ago