A business reporter.
An arrest warrant has been issued for the co- founder of Terra Luna and TerraUSD.
The collapse of major token values spooked investors and caused them to flee the market.
Terraform Labs, which is registered in Singapore, is suspected of violating capital market rules.
The fall of TerraUSD caused Terra Luna to lose 99% of its value in May.
He did not respond to the request for comment on Thursday.
Arrest warrants have been issued for five people connected to the case, according to a South Korea prosecutor's office spokesman. She wouldn't say how close authorities were to making the arrests.
Singapore does not have an agreement with South Korea to extradite Mr. Kwon, according to media reports.
It was difficult to decide whether to return to South Korea, according to Mr Kwon.
He said he had never been in touch with the investigators.
According to the Financial Times, prosecutors are planning to arrest and extradite Mr Kwon from Singapore in order to have him deported.
Singapore Police didn't respond to a request for comment.
Is the future of money based on cripto-currencies?
The Terra Luna token went from a high of over $100 to $0.09 in the month of May.
It collapsed due to a fall in the value of TerraUSD, a stable coin.
The companies behind stable coins try to maintain their parity with assets. The value of TerraUSD went down.
The collapse in Terra caused a sell-off in major Cryptocurrencies.
The term "crypto crash" trended online.
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