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Crypto creator behind $60 billion crash claims he's not hiding following Interpol warning
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Despite a summons for his worldwide arrest, Do Kwon, the CEO of Terraform Labs, insists he is not evading South Korean authorities.
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The algorithmic stablecoins terraUSD or UST and luna, which had a market cap of $60 billion and collapsed in May, were developed by Kwon's company.
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aggressive hedge fund One company that was vulnerable to terraUSD and luna was Three Arrows Capital.
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South Korea has demanded Kwon's arrest ever since this month. Kwon is allegedly hiding, according to the prosecution.
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The Seoul Southern District Prosecutors' Office reports that Kwon has been the subject of an Interpol "Red Notice."
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Red Notices are published by Interpol for fugitives wanted for prosecution or sentence. Police all across the world are urged by the warning to find the culprit. Extradition might happen.
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A tweeter from Singapore, Kwon. Kwon wasn't in Singapore earlier this month, according to the Singapore Police Force.