"Prosecutors Request Interpol to Issue Arrest Warrant for CEO Kwon Do-hyung in 'Terra·Luna Incident'"

Kwon Do-hyung, CEO of Terraform Labs. / Photo by Yahoo Finance YouTube video capture

[Asia Economy Reporter Yoo Byung-don] The prosecution investigating the Luna and TerraUSD (UST) crash incident has requested Interpol to issue a warrant for Kwon Do-hyung, CEO of Terraform Labs.

On the 19th, the Seoul Southern District Prosecutors' Office Luna-Terra investigation team announced that they requested cooperation from Interpol to secure and transfer the whereabouts of CEO Kwon, whose location is unknown. It is expected to take more than ten days for Interpol to actually issue the warrant.

CEO Kwon was initially reported to be staying in Singapore, but according to foreign media, the Singapore police confirmed on the 17th of this month (local time) that this was not true.

The prosecution is reportedly narrowing down the investigation net by narrowing down CEO Kwon's whereabouts.

After the Terra and Luna coin prices crashed in May, the prosecution obtained arrest warrants for six people, including CEO Kwon, who was sued by investors on charges such as fraud, founding member Nicholas Platias, and Han Mo, CEO of Chai Corporation, an affiliate of Terraform Labs.

They also requested the Ministry of Foreign Affairs to invalidate the passports of five people, excluding foreign nationals among them. Once the passport invalidation is decided, they must return within 14 days.

This content was produced with the assistance of AI translation services.