South Korean prosecutors have asked Interpol to issue a red notice against Do Kwon, the co-founder of collapsed cryptocurrency operator Terraform Labs, alleging that he is refusing to co-operate with an investigation into the $40bn implosion of the terraUSD and luna tokens.
The Seoul Southern District Prosecutors’ Office said on Monday that it asked Seoul’s foreign ministry to cancel Kwon’s South Korean passport as he was “obviously on the run and has no intention to appear before us for questioning”.
“We have begun the procedure to place him on the Interpol red notice list and revoke his passport,” the prosecutors’ office said, adding that Kwon had not co-operated with investigations into his company’s collapse.
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