Breaking News: South Korea Seeks Assistance from Interpol to Repatriate Terra Co-Founder Do Kwon
In a recent development in the Terra case, South Korea has reached out to Interpol for assistance in repatriating Do Kwon, the co-founder of Terra (LUNA). According to South Korean local news agency Newsis, the South Korean National Police Agency has formally requested Interpol’s aid in this matter.
The letter sent by South Korea to Interpol stated, “We expect interest and support from Interpol to better understand the issue. Do Kwon can be extradited to Korea.” Lee Yong-sang, South Korea’s international cooperation official, explained that the Ministry of Justice’s International Criminal Division and the National Police Agency are actively collaborating with Interpol through international criminal cooperation channels for the swift repatriation of Mr. Kwon.
This request comes after the Montenegrin Court of Appeals recently overturned the decision to extradite Do Kwon to the United States, citing serious violations of criminal procedure rules. This setback prompted South Korea to pursue alternate avenues to bring Do Kwon back to face the charges against him.
Do Kwon, the founder of Terraform Labs, is wanted by both US and South Korean authorities for alleged fraud related to the collapse of the Terra ecosystem in May 2022. The collapse resulted in substantial losses for investors, amounting to nearly $40 billion within a few days.
Do Kwon was arrested in Montenegro in March 2023, during which it was discovered that he had been using a fake passport while attempting to leave the country. In November, he was sentenced to four months in prison for using the counterfeit travel document.
Throughout the proceedings, Do Kwon has consistently maintained his innocence and has denied any intentional fraudulent activity on the part of himself or Terraform Labs.
Please note that this article does not provide investment advice.