South Korean authorities challenged Do Kwon’s assertion, over the weekend, asserting that he is not hiding and has requested that Interpol issue a red alert on the co-founder of Terraform Labs, heightening the drama that has been publicly playing out since his cryptocurrency firm was destroyed for $40 billion in May of this year. Do Kwon Not Cooperating in Investigation According to the Seoul Southern District Prosecutor’s Office, Kwon was not assisting with the inquiry. He had informed them (via his attorney) last month that he had no plan to come for questioning, according to official comments reported by the local media outlet Yonhap. The prosecutors claim they have “circumstantial proof” that Kwon is seeking to flee and have asked Seoul’s foreign ministry to withdraw his passport. A red notice from Interpol, which alerts law enforcement worldwide, has the power to stop people from getting visas, impose restrictions on their international travel, and “provisionally arrest a person pending extradition, surrender, or comparable legal action.” Kwon stated over the weekend that he wasn’t hiding from any government organization that had “expressed interest in contact.” We are fully cooperating, and we have nothing to hide, he tweeted. Kwon Receives Arrest Notice from South Korea Last Monday, Kwon received an arrest notice from South Korea, which prompted many investors to liquidate their holdings in the resurrected Luna tokens. ...
$285 Million in Bitcoin Shorts Wiped Out
