--- title: "Guy Blamed for Crypto Crash Says He Isn’t Fleeing Arrest Warrant, But Isn’t Turning Himself In to Cops Either" description: "Do Kwon, creator of the infamous, crypto-crashing Terra-Luna \"stablecoins,\" is still missing. Well, not missing — according to him, that is." date: "2022-09-21" modified: "2022-09-21" authors: - name: "Maggie Harrison Dupré" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/mharrison" url: "https://futurism.com/the-byte/do-kwon-terra-luna-warrant" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "crypto" - "crypto bros" - "stablecoins" - "the digest" --- # Guy Blamed for Crypto Crash Says He Isn’t Fleeing Arrest Warrant, But Isn’t Turning Himself In to Cops Either ![Do Kwon, creator of the infamous, crypto-crashing Terra-Luna "stablecoins," is still missing. Well, not missing — according to him, that is.]() *\Image: Getty Images/Futurism\* ## Extremely Believable Do Kwon, creator of the apocalyptically failed Terra-Luna "stablecoins," is still missing. Er, well, not *missing* missing, just avoiding the warrant for his arrest filed by Seoul Southern District Prosecutors Office last Wednesday, [according to *The Washington Post*](). And knowing where he is an invasion of privacy, actually! "You have no business knowing my GPS coordinates," the disgraced crypto king [wrote in a Twitter thread](), shared on Sunday. "Think about whether you would be comfortable with the same level of invasion of privacy for yourself." "I am not 'on the run' or anything similar," [he added](). "For any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide." https://twitter.com/stablekwon/status/1571197156907679745 ## The Running Man Despite Kwon's insistence that he's not "'on the run' or anything similar," the evidence stands to the contrary. Kwon, a Stanford grad, rose to crypto fame as both a coin developer and a major figure on social media, hawking his lucrative currencies on the premise that they were tethered to something with real, steady worth ([they weren't]()). Millions of investors bought into his allegedly "stable" coins, as did the [Three Arrows Capital (3AC) hedge fund](), which financed a number of major crypto operations. When Terra-Luna crashed in late May, so did 3AC. Then, the rest of the market. [Investor pain and fury followed](), with [some even blaming]() Kwon's operation for the entire crypto crash. Sure, [pissing people off]() isn't illegal. Fraud, however, which Kwon has been accused of by investors, is. But despite his online activity, the embattled developer remains nowhere to be found. Officials in Singapore, where Kwon was last based, [insist that he's left the country](). Per *WaPo*, South Korean officials have asked Interpol to put him under "red notice" — that would greenlight him for extradition, should he be discovered in an Interpol partner country. ## Gray Area Of course, as crypto goes, this isn't a clear-cut case. It's unclear what the warrant is technically for, and while Kwon was absolutely at the center of the industry's devastating crash, that's not necessarily grounds for prosecution. Still, being on the lam isn't exactly I'm Definitely Innocent behavior — and of course, that's if he's actually running from the police, and according to Twitter, he for sure, 100 percent isn't! "Tbh haven't gone running in a while," Kwon [added to the Twitter thread](), "need to cut some calories." **READ MORE:** *[Disgraced crypto founder says he's not on the run. But no one knows where he is.]()* \[*The Washington Post*\] **More on cryptbros on the lam:** *[Crypto Hedge Fund Founders Abandon HQ and Disappear after Implosion]()* ## Author At Futurism, I've reported extensively on the rise of AI as a cultural and business force shaping the media industry, and more broadly how those dynamics are changing how we all consume and share information and relate to one another. I'm also fascinated by public health policy and ethics, the role of emerging tech in politics and governance — and the powerful people and forces at those intersections — climate change, and the environment. My investigation on Sports Illustrated's use of AI-generated authors with fictional biographies won a 2024 Mirror Award for "Best Story on Media Coverage of Artificial Intelligence in Journalism and the Media" from Syracuse University's SI Newhouse School, I contributed to Niemen Lab's 2025 Predictions for Journalism series, and I've discussed my work for Futurism during appearances on NPR, CNN, the BBC, the CBC, and more. I grew up in rural Pennsylvania and attended the University of Massachusetts Amherst, where I played Division I field hockey for the Minutewomen as a midfielder. Since then, I've lived in New Orleans, Louisiana and Manhattan, New York. I spend my free time running, reading, perusing archival fashion, and searching for the world’s best negroni. I also have a debonair tuxedo cat, Westley, who's named after "The Princess Bride." ### Author social links [Bluesky]()