Terra Co-Founder Do Kwon Faces Arrest Warrant in South Korea (2)

A court in South Korea issued an arrest warrant for Do Kwon, the founder of the Terraform Labs cryptocurrency ecosystem, whose implosion earlier this year sparked a global crypto rout.

The court in Seoul issued a warrant for Do Kwon and five others on allegations that include violations of the nation’s capital markets law, according to a text message from the prosecutor’s office.

Do Kwon on April 14.

Photographer: Woohae Cho/Bloomberg

All six individuals are located in Singapore, the prosecutor’s office said. Do Kwon didn’t immediately reply to an email seeking comment.

He found himself at the center of one of crypto’s biggest blowups when TerraUSD, ...