{"id":36712,"date":"2022-09-26T05:59:28","date_gmt":"2022-09-26T09:59:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=36712"},"modified":"2022-09-26T05:59:32","modified_gmt":"2022-09-26T09:59:32","slug":"do-kwon-receives-red-notice-from-interpol","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/do-kwon-receives-red-notice-from-interpol\/","title":{"rendered":"Do Kwon receives “Red Notice” from Interpol"},"content":{"rendered":"\n
Regarding the devaluation of the cryptocurrency used in the Terra ecosystems, Do Kwon<\/a> is accused in South Korea.<\/h5>\n\n\n\n
\"Do
Do Kwon receives “Red Notice” from Interpol<\/figcaption><\/figure>\n\n\n\n

Do Kwon, the co-founder of Terraform Labs, is purportedly the subject of a “Red Notice” from Interpol to law enforcement agencies all around the world.<\/p>\n\n\n\n

In response to charges Kwon is facing in South Korea for the demise of the Terra environment,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> the international policing group issued the warning, according to South Korean prosecutors in Seoul who spoke to Bloomberg on Monday.<\/p>\n\n\n\n

A “Red Notice” for Kwon was apparently requested by South Korean prosecutors to be issued by Interpol on September 19 barely one week prior to the announcement.<\/p>\n\n\n\n

According to the Interpol <\/a>website, a Red alert is a “request to law enforcement worldwide to identify and provisionally arrest a person pending extradition, surrender, or comparable legal action.”<\/p>\n\n\n\n

Additionally, it happens less than two weeks after the co-founder and five other associates were named in an arrest warrant filed by South Korean police for allegedly breaking the country's capital markets rules.<\/p>\n\n\n\n

Kwon was originally thought to be a resident of Singapore, but local officials said on Sept. 17 that he wasn't there. A few hours later, the co-founder declared that he wasn't “on the run,” but he didn't specify where he was.<\/p>\n\n\n\n

After its algorithmic stablecoin TerraUSD (UST)<\/a> (now TerraUSD Classic (USTC)) lost its peg to the US dollar in May, the Terra ecosystem that Kwon co-founded imploded, liquidating billions of dollars worth of cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Regarding the devaluation of the cryptocurrency used in the Terra ecosystems, Do Kwon is accused in South Korea. Do Kwon, the co-founder of Terraform Labs, is purportedly the subject of a “Red Notice” from Interpol to law enforcement agencies all around the world. In response to charges Kwon is facing in South Korea for the […]<\/p>\n","protected":false},"author":38,"featured_media":36718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9684,11621,6200],"class_list":["post-36712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-do-kwon-2","tag-interpol","tag-terra-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/do-kwon-interpol-1260x945-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/36712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=36712"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/36712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/36718"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=36712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=36712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=36712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}