Do Kwon Mocks Interpol Red Notice

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  • The want­ed Ter­ra devel­op­er claimed he goes on walks and to malls
  • Inter­pol Red Notice requests are typ­i­cal­ly not offi­cial­ly published

Do Kwon, founder of the failed cryp­tocur­ren­cy Ter­ra, is rebut­ting reports that the Inter­pol seeks his arrest.

South Kore­an author­i­ties con­firmed over the week­end that the Inter­pol issued a request world­wide to locate and arrest him for charges relat­ing to Terra’s collapse. 

But Do Kwon said in tweets on Mon­day that he was “writ­ing code” in his liv­ing room and “mak­ing zero effort to hide.” 

“I go on walks and malls,” he said, adding that there was no chance the cryp­to Twit­ter com­mu­ni­ty hadn’t run into him in the past few weeks.

He also sug­gest­ed the Inter­pol hasn’t actu­al­ly issued a Red Notice in his name. 

A Red Notice can be used to pre­vent an indi­vid­ual from flee­ing pri­or to an extra­di­tion request being issued. The fact that a target’s name may not appear on a pub­licly avail­able list does not offer any clues as to its verac­i­ty, accord­ing to agency guidelines.

An Inter­pol spokesper­son told Block­works that the agency doesn’t com­ment on spe­cif­ic cas­es and individuals.

“Please note sep­a­rate­ly that the major­i­ty of Red Notices are not made pub­lic and are restrict­ed to law enforce­ment use only,” the spokesper­son added.

Ear­li­er this month, South Kore­an offi­cials had issued arrest war­rants for the 31-year-old cryp­to founder and his key asso­ciates. They were believed to be resid­ing in Sin­ga­pore at the time. His Twit­ter bio also shows Sin­ga­pore as his loca­tion. But Sin­ga­pore police say Do Kwon is no longer there. 

Address­ing reports about his poten­tial arrest, Do Kwon said he was “not on the run” and that he was open to coop­er­at­ing with author­i­ties inter­est­ed in com­mu­ni­cat­ing. “We are in the process of defend­ing our­selves in mul­ti­ple juris­dic­tions — we have held our­selves to an extreme­ly high bar of integri­ty, and look for­ward to clar­i­fy­ing the truth over the next few months,” he said.

Do Kwon will have to be repa­tri­at­ed to South Korea if he is arrest­ed any­where else. Sin­ga­pore doesn’t fea­ture on South Korea’s list of 31 coun­tries with which it main­tains bilat­er­al extra­di­tion treaties. That means unless the Ter­raform founder gives him­self up for pros­e­cu­tion, he can buy time and avoid arrest if he is indeed in the city-state.

In an inter­view with Coinage last month, Do Kwon said it was “kind of hard” to go back to South Korea because he wasn’t in touch with inves­ti­ga­tors. “They’ve nev­er charged us with any­thing. They haven’t reached out to us at all,” he said.


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  • Shali­ni Nagarajan

    Block­works

    Reporter

    Shali­ni is a cryp­to reporter from Ban­ga­lore, India who cov­ers devel­op­ments in the mar­ket, reg­u­la­tion, mar­ket struc­ture, and advice from insti­tu­tion­al experts. Pri­or to Block­works, she worked as a mar­kets reporter at Insid­er and a cor­re­spon­dent at Reuters News. She holds some bit­coin and ether. Reach her at [email pro­tect­ed]



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