Luna and TerraUSD (UST) cryptocurrencies by Terrafom Labs plummeted last May causing investors to lose more than $40 billion. After the collapse of this investment scheme the company's co-founder Do Kwon reportedly fled to Singapore. In order to bring him to justice, the South Korean authorities have requested the help of Interpol.
Today Interpol has issued a red notice to various law enforcement agencies around the world to assist in his arrest. The notice was issued after he could no longer be traced in Singapore and his current whereabouts are unknown. In addition to Do Kwon, arrest warrants for five other individuals involved with Terraform Labs have been issued.
With the red notice already issued, this puts Do Kwon on the same list as Jho Low who is wanted for his involvement in the 1MDB scandal.
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