International police organization Interpol has formally asked law enforcement agencies around the world to help find and arrest beleaguered Terra (LUNA) founder Do Kwon, according to a new report. doing.
bloomberg Note South Korean prosecutors in Seoul have confirmed that Interpol issued a “red notice” to Kwon.
Prosecutors filed a lawsuit earlier this month after claiming the whereabouts of Terra’s founder were unknown.
according to police organizationthe red notice is a demand for law enforcement agencies worldwide to “identify and provisionally arrest persons pending extradition, extradition, or similar legal action.”
However, Kwon denied the escape, say it On Twitter, he said he was “making no effort to hide.”
“I go for walks and shopping malls and in the past few weeks I have never come across an encrypted Twitter.”
However, Kwon does not name his actual location. say it He “writes code at” [his] Living room. “
Terra founders have been accused of carrying out a “Ponzi scam” by South Korean authorities. In other words, it used the Anchor Protocol, a Terra-based decentralized financial platform, to provide investors on the algorithmic stablecoin TerraUSD (UST) with returns of around 20%.
In May, Terra’s ecosystem collapsed when its stablecoin, UST, lost its desired peg to the US dollar. Both UST and LUNA went to virtually zero in a matter of days, costing investors across the cryptocurrency market around $40 billion.
Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Pattern Trends