According to the Financial Times, Singapore is not on South Korea's list of bilateral extradition treaties — and prosecutors want to pressure Kwon to return.
South Korea's Ministry of Foreign Affairs is attempting to void Do Kwon's passport, according to local media.
It comes after an arrest warrant for the embattled Terra co-founder, as well as five others, was issued.
Kwon is believed to be in Singapore, and he has been charged with violating the Capital Markets Act.
Countless investors collectively lost billions of dollars when LUNA and UST collapsed, with contagion spreading through the crypto markets.
According to the Financial Times, Singapore is not on South Korea's list of bilateral extradition treaties — and officials are also considering co-operating with Interpol.
Shaun Leong, a partner at the law firm Withers, told the newspaper that — if Kwon was placed on Interpol's red notice list:
"[He] would likely face serious difficulties in traveling outside of Singapore as he may be detained at international borders during his travels."