The Interpol Issues a Red Notice About Detention of Terraform Labs CEO Do Kwon

The Interpol has issued a red notice about the detention of Terraform Labs CEO Do Kwon, Bloomberg has reported citing the Seoul Prosecutor’s Office.

According to the procedure, the law enforcement agencies of 195 countries will receive the request. It is important to note that there is not a Do Kwon card on the website of the organization yet.

The recent collapse of the Terra ecosystem had serious implications for the digital asset market. The depreciation of LUNA and the project’s algorithmic stablecoin UST caused significant damage to Anchor Protocol users.

The incident also affected the solvency of large industry players, including crypto lending platform Celsius and hedge fund Three Arrows Capital.