A South Korean court issues an arrest warrant for Terraform Labs founder Do Kwon and five others located in Singapore, following the collapse of LUNA and UST (Hooyeon Kim/Bloomberg)

Sangmi Cha / Bloomberg:
South Korea says Interpol has issued a Red Notice for Terraform Labs co-founder Do Kwon; prosecutors say Kwon disappeared from Singapore after September 17  —  South Korea said Interpol requested law enforcement worldwide to locate and arrest Terraform Labs co-founder Do Kwon …

Oliver Knight / CoinDesk:
An independent audit shows the Luna Foundation Guard spent $2.8B in crypto and Terraform Labs spent $613M trying to defend the UST stablecoin in May 2022  —  Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX.  —  Luna Foundation Guard (LFG) …

Song Jung-a / Financial Times:
Inside the UST Restitution Group, an association of ~4,400 crypto investors trying to track down Do Kwon’s whereabouts, who share their findings on Discord  —  UST Restitution Group is trying to track down Do Kwon after the crash of his terraUSD and luna coins

Wall Street Journal:
Do Kwon faces a suit, filed on September 23, in Singapore from 350 investors who lost ~$57M, alleging “fraudulent misrepresentations” about TerraUSD’s stability  —  He’s wanted by South Korean prosecutors, Interpol has issued a red notice seeking his arrest, and he’s been hit with class-action lawsuits in U.S. courts.

Song Jung-a / Financial Times:
South Korean prosecutors ask Interpol to issue a red notice for Do Kwon and the government to revoke his passport; Kwon denies being “on the run”  —  Fallen crypto developer denies he is ‘on the run’ from investigators  —  South Korean prosecutors have asked Interpol to issue …

Nansen:
An in-depth look at FTX and Alameda shows UST’s collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July  —  mins  —  Nansen’s research team dives into the collapse of Alameda and FTX using blockchain analytics  —  Key Takeaways