Arrest warrant issued for ‘Lunatic’ crypto baron behind this year’s $40 billion crash

Do Kwon is one of the most bullish and energetic crypto advocates out there. As the co-founder and CEO of Terraform Labs, he would in better times take on critics and puff the crypto future to the high heavens: and he was a convincing guy, too, persuading many that the Terra ecosystem was where it’s at.

That past may be about to catch up with him. An arrest warrant has been issued in South Korea for Do Kwon and five other individuals associated with Terraform Labs, as reported by Bloomberg (opens in new tab), on allegations that they broke capital markets law. The South Korean prosecutor’s office said that all six individuals are located in Singapore. Why Singapore? One reason may be that it has no extradition treaty with South Korea, meaning a long and potentially tricky legal process lies ahead if the South Korean authorities push for his extradition.

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