South Korean prosecutors ask Interpol to issue a red notice for Do Kwon and the government to revoke his passport; Kwon denies being “on the run”
Fallen crypto developer denies he is ‘on the run’ from investigators — South Korean prosecutors have asked Interpol to issue …
Financial TimesSong Jung-a
Context & Ripple Effects
The request marked an early move from domestic scrutiny to cross-border enforcement against Terraform Labs’ co-founder. Related coverage later reported that Interpol had issued the Red Notice sought by prosecutors, while prosecutors subsequently placed Kwon in Serbia after his departure from Singapore.
The legal track widened beyond locating Kwon: prosecutors later identified assets they alleged were linked to Kwon and associates. Earlier legal analysis also pointed to civil claims and fines as more plausible than proving criminal intent.
First-order effects
South Korean prosecutors gain a formal route to seek international police cooperation and to restrict Kwon’s travel through passport revocation.
Kwon faces a sharper mobility and legal-enforcement risk while contesting prosecutors’ characterization that he is evading investigators.
Second-order effects
A Red Notice, if issued, gives prosecutors a stronger basis to coordinate with foreign authorities as Kwon’s reported movements extend beyond South Korea.
The investigation’s focus can expand from Kwon’s whereabouts to alleged asset holdings, pairing a location effort with potential asset-recovery work.
Third-order effects
The case points to crypto-collapse investigations becoming cross-border enforcement campaigns that combine travel restrictions, international police coordination, and asset tracing.
Where intent is difficult to prove, the enforcement balance may tilt toward asset actions, fines, and civil litigation alongside criminal investigations.
The trend: Major crypto-failure cases are increasingly tested through international enforcement tools as authorities pursue both founders and assets across jurisdictions.
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
Dear CT - I will tell you what i am doing and where i am if: 1) we are friends 2) we have plans to meet 3) we are involved in a gps based web3 game Otherwise you have no business knowing my gps coordinates
Really don't understand why otherwise would be true - think about whether you would be comfortable with the same level of invasion of privacy for yourself
Apparently the follow up to this is South Korean authorities asked Interpol for a red notice alleging he is on the run and not cooperating https://www.ft.com/... https://twitter.com/...
“Korean prosecutors refuted his comments on Sunday and alleged Do Kwon is “obviously on the run,” according to Yonhap News Agency. He had plans to flee the country before the collapse of the Luna token in May, the report said.” https://www.bloomberg.com/...
Korea's Ministry of Foreign Affairs orders the return of Do Kwon's passport, prosecution seeks passport invalidation & further sanctions @stablekwon Feeling claustrophobic yet? We'll turn up the heat even more soon. https://www.coindesk.com/...
I don't support harassing, threatening or invading anyone's privacy. If laws were broken the investigative and legal process will run its course. But for him to say he doesn't understand why people would be interested in his whereabouts is mind boggling. Lives were devastated. ht…
South Korean prosecutors said Sunday that Do Kwon is “obviously on the run” and not cooperating with the investigation. Around August he told the prosecution via a lawyer that he had no intention to appear before prosecutors for questioning. https://en.yna.co.kr/...