The creator of Terraform Labs, Do Kwon, claims he is not hiding from South Korean law enforcement after the prosecutor’s office therein announced it had obtained a global arrest warrant for the cryptocurrency CEO.
The algorithmic stablecoin terraUSD or UST and its sister token luna, which were valued a combined $60 billion before collapsing to almost nothing in May, were created by Kwon’s business.
The ultra-bullish hedge fund Three Arrows Capital was among those who suffered as the contagion swept throughout the industry and affected those exposed to terraUSD and luna.
Kwon’s arrest has been sought by South Korea since earlier this month. However, according to local prosecutors, Kwon is evading capture. The international law enforcement organisation Interpol has issued a “Red Notice” for Kwon, according to a representative for the Seoul Southern District Prosecutors’ Office in South Korea’s capital city.
According to Interpol, Red Notices are sent out for fugitives sought for either prosecutions or sentence serving. The notice is an appeal to law enforcement agencies around the world to find and detain the subject. An inquiry may follow from this.
Kwon, however, claimed he was not hiding and retaliated against the police on Twitter.
In response to a question about his whereabouts, Kwon tweeted, “I’m writing coding in my living room hbu.”
Kwon stated that he is making “zero attempt to hide,” adding that he goes for walks and frequents shopping centres.
Additionally, Kwon said that he could not find his name on Interpol’s “Red Notice” list. These notices are not always made public by the agency.
According to the spokeswoman for the Seoul Southern District Prosecutors’ Office, Kwon is still on the run.
According to Kwon’s Twitter profile, he is in Singapore. However, the Singapore Police Force claimed earlier this month that Kwon was not in the city-state.
The Red Notice, according to South Korean prosecutors, is intended to track down Kwon and return him home. After that, authorities will determine within 48 hours whether to issue an arrest warrant for Kwon.
