The Korean Court on September 14 issued an arrest warrant for Do Kwon due to the huge losses he caused to the crypto market in mid-2022. Singapore police said they were ready to assist Korea within the scope of its domestic legislation and international obligations but Do Kwon is no longer living in this country.
On Twitter, Do Kwon wrote:
“I am not “on the run” or anything similar – for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide.
We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months.”
This is not the first time Do Kwon has confirmed that he will take responsibility for Terra’s collapse. In an exclusive interview with Coinage Media in mid-August 2022, he also claimed that:
“I and I alone are responsible for Terra. The reason is that the person who caused these holes in the first place, is none other than me.
What we’re going to do is we’re going to bring out the facts that we know. We will be completely honest and deal with any possible consequences.”
When asked about whether to return to Korea because Korea has banned Terra developers from leaving the country, Do Kwon said: “It was difficult to make that decision, because we never contacted the investigators. They have absolutely no contact with us”.
However, as Yonhap local media reported earlier this week, South Korean prosecutors said Do Kwon, in fact, did not cooperate with the South Korean authorities on the investigation. CEO Terra even through his lawyer told them that he had no intention to appear for questioning.
Because the case is so serious, Korean prosecutors asked the International Criminal Police Organization (Interpol) to issue a red notice for Do Kwon. At the same time, the Seoul Southern District Prosecutor’s Office added that they also asked the Seoul Ministry of Foreign Affairs to revoke Do Kwon’s Korean passport.
A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action. Countries can request and share important information relevant to an investigation.
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