#FOMCMeeting South Korea’s attempts to bring Terraform Labs Pte. Ltd. Chief Executive Officer Kwon Do-hyung to trial in the country face legal and operational hurdles, experts told Forkast.

An arrest warrant was issued earlier this week for the Terraform founder, known as Do Kwon, on charges of violating the country’s Capital Markets Act. The Seoul Southern District Prosecutors’ Office may also level charges of fraud with intent, a member of the team told Forkast.

The member of the prosecuting team said Kwon’s possible arrest will not stop the ongoing investigation on fraud charges. Any arrest would have to involve the cooperation of Interpol as Kwon is believed to live in Singapore.

“We don’t know if it will be one offense or two, but we will not stop [the investigation],” Choi Sung-kook, a prosecutor at Seoul Southern District Prosecutors’ Office told Forkast.