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.

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