Do Kwon, the South Korean developer of the TerraUSD and Luna cryptourrencies, appears to be on the run after an arrest warrant was issued for him — and investigators have asked Interpol to issue a 'red notice' to help track him down.
Law-enforcement experts said that they believed prosecution of the entrepreneur was possible but challenging given the vagaries of crypto, with the line in the industry between fraud and risky investment often blurry.
He said the case against Kwon would likely turn on whether it can be proved he knowingly misled investors in stumping for the coins or was mounting a good-faith campaign for a risky-but-legal-venture.allegations that Kwon and other Terraform executives decided to close their South Korea offices just a week before the currencies crashed. Kwon has said the shuttering was long in the works.
On Sunday the pursuit of Kwon took a surreal social-media turn when Kwon, outspoken on Twitter, took to the platform to deny he is a fugitive. “I am not ‘on the run’ or anything similar - for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide,” he
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