Do Kwon Addresses Arrest Warrant and Interpol Red Notice in Recent Interview

Do Kwon Speaks Out on Legal Challenges

Do Kwon, the embattled founder of Terraform Labs, recently addressed his ongoing legal issues during an interview with crypto journalist Laura Shin. Kwon, who has been at the center of controversy following the collapse of Terra’s ecosystem, shared his perspective on the South Korean arrest warrants and Interpol’s Red Notice.

Arrest Warrant and Red Notice Updates

Kwon revealed that he has not yet seen a copy of the arrest warrant issued by South Korean authorities. He emphasized that much of the information he has comes from media reports, which he described as often contradictory. Regarding the Interpol Red Notice, Kwon stated that he has requested clarification but has not received any updates. Shin also noted that Interpol has not responded to her inquiries on the matter.

Kwon’s Legal Stance and Regulatory Disappointment

Kwon expressed frustration with South Korea’s regulatory approach to cryptocurrencies. He highlighted that South Korean regulators have historically not classified cryptocurrencies as securities, differing from the stance in the U.S. Kwon also criticized the use of criminal endorsement procedures to enforce new regulations, calling it disappointing. He mentioned that South Korea’s National Assembly is working on specific crypto legislation, but the current enforcement tactics are causing confusion.

Ongoing Legal Battles

Kwon reiterated his commitment to addressing the legal issues, stating that he will pursue the appeals process and seek clarification to resolve the situation. He acknowledged the complexity of the Red Notice system and expressed uncertainty about how it functions.

The interview provided insight into Kwon’s perspective on the legal challenges he faces, as well as his views on the evolving regulatory landscape for cryptocurrencies in South Korea and beyond.