Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Simon Hunt

Global manhunt begins for crypto boss Do Kwon after stablecoin loses $45 billion in value

International policing organisation Interpol has issued a Red Notice for the boss of crypto firm Terraform Labs Do Kwon, triggering a worldwide search for his whereabouts after prosecutors in South Korea said he had failed to cooperate with their investigation.

Do Kwon has hit back at reports he is on the run from police, saying in a tweet last week: “I am not “on the run” or anything similar - for any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide.”

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.