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
