South Korea Tries to Invalidate Terra Co-Founder Do Kwon’s Passport

CoinDesk reports that South Korea’s Ministry of Foreign Affairs is trying to get the co-founder of the failed stablecoin provider Terraform Labs, Do Kwon, to return his passport.

Do Kwon along with five others, were issued with an arrest warrant on Wednesday by a South Korean court and were charged with violating the Capital Markets Act.

The warrants were issued months after the collapse of the $40 billion Terra ecosystem.

The Ministry also issued an order to the other five individuals to return the passports they posses.

The Seoul Southern District Prosecutor’s Office for Financial and Securities Crimes requested the six individuals’ passports be invalidated.

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