Luna, TerraUSD co-founder Do Kwon on the run, wanted by Interpol


Interpol granted issued a “red notice” requested by South Korean prosecutors for Do Kwon aka Kwon Do-hying, in September. This made him a wanted man among the 195 member countries of Interpol.

The whereabouts of the South Korean co-founder of the now defunct cryptocurrencies Luna and TerraUSD (UST) are now unknown. But he maintains an active Twitter account with over 1 million followers.

South Korean authorities and Interpol issued arrest warrants for Kwon and five other associates linked to Terraform Labs cryptocurrencies. The Singapore Police claim the crypto developer violated South Korea’s Capital Markets Act.

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Luna, and sister token UST, fell from a high of $116 to less than $0.0002 in April. And global investors reportedly lost an estimated $42 billion from the May implosion of the companies. Which has been described as a $60 billion meltdown of the once-popular cryptocurrencies.