Interpol ‘red notice’ was given to Do Kwon – South Korean prosecutor

Interpol has reportedly issued a “red notice” to law enforcement to arrest Terraform Labs co-founder Do Kwon.

South Korean prosecutors in Seoul told Bloomberg on Monday that the international police agency made the announcement in response to charges against Kwon in connection with the collapse of the Terra ecosystem in South Korea.

The news comes a week after South Korean prosecutors reportedly asked Interpol to issue a “red notice” for Kwon on September 19.

According to Interpol’s website, a red notice is “a request to international law enforcement agencies to locate and temporarily arrest a person who has been extradited, surrendered or is awaiting similar legal action.”

It also comes less than two weeks after South Korean authorities issued arrest warrants for Kwon and five other associates for violating the country’s capital markets law.

Kwon was previously believed to be living in Singapore, but local authorities were not in the country on September 17. Kwon said hours later that he was “not on the run,” although he did not specify his location.

Related: South Korea issues arrest warrant for Terra founder Do Kwon

The algorithmic stablecoin TerraUSD (UST) (now TerraUSD Classic (USTC)), which Kwon co-founded of Terra Ecosystem, lost its peg to the US dollar in May, sending billions of dollars out of the cryptocurrency market.