Terra Co-Founder Do Kwon Reacts to Interpol Red Notice Amid Bitcoin Freeze

Do Kwon's Defiant Response to Interpol Red Notice

Do Kwon, the embattled co-founder of Terra, has embraced a defiant stance amid the Interpol Red Notice issued against him. Despite being a fugitive, Kwon remains active on social media, tweeting that he is calmly writing code in his living room and "making zero effort to hide." His Twitter profile, which lists his location as Singapore, suggests he continues to operate openly, even as South Korean authorities intensify their pursuit.

South Korean Authorities Target Bitcoin Linked to Do Kwon

South Korean authorities have escalated their efforts to curb Kwon's financial activities. They have requested major crypto exchanges OKX and KuCoin to freeze 3,313 Bitcoin (BTC) allegedly tied to the Terra co-founder. This move comes after Kwon created a new wallet under the name of Luna Foundation Guard (LFG) on September 15, just a day after a Korean court issued an arrest warrant against him.

Controversy Over Bitcoin Movement

The recent transfer of BTC from the LFG wallet has sparked confusion and skepticism. This action contradicts Kwon's earlier claims that all Bitcoin reserves in the LFG had been depleted to defend the peg of TerraUSD (now renamed TerraUSD Classic). The sudden movement of funds has raised questions about the transparency and legitimacy of Kwon's financial dealings, further complicating the legal and regulatory challenges surrounding the Terra ecosystem.