Do Kwon says he’s not hiding amid manhunt for UST, Luna collapse

Do Kwon, co-founder and chief executive officer of Terraform Labs, insists he is not on the run from South Korean authorities. Meanwhile, South Korean prosecutors claim Interpol issued a “red notice” for Kwon’s arrest. Terraform Labs, the company founded by Kwon, is behind the collapsed cryptocurrencies TerraUSD and Luna, which together were worth $60 billion before the collapse.

Woohae Cho | Bloomberg | Getty Images

South Korea has been searching for Kwon’s arrest since earlier this month. But prosecutors in the country have claimed Kwon is on the run. On Tuesday, a spokesman for the Seoul South District Prosecutor’s Office in the South Korean capital told CNBC that global law enforcement agency Interpol had issued a “red notice” for Kwon.

According to Interpol, Red Notices are issued to fugitives who are either wanted for criminal prosecution or to serve a sentence. The notice is a request for law enforcement agencies around the world to locate and arrest the individual. This could then lead to extradition.

However, Kwon said he was not on the run and used his Twitter account to hit back at the authorities.

“I’m writing code in my living room hbu,” Kwon tweeted in response to someone asking about his whereabouts.

Kwon insisted he “makes no effort to hide,” saying he goes for walks and malls.

Kwon also said he did not see his name on Interpol’s Red Notice list. The Agency does not always make these communications public.

Seoul’s South District Prosecutor’s Office still sees Kwon on the run, the spokesman told CNBC.

Kwon’s Twitter location says he is in Singapore. But earlier this month, Singapore Police said Kwon was not in the city-state.

South Korean prosecutors said the purpose of the Red Notice was to locate Kwon, bring him back to South Korea, and then officials would decide within 48 hours whether to issue an arrest warrant for him.

CNBC’s Jihye Lee contributed to this article.