Terraform Labs founder Do Kwon has been arrested in Montenegro, local government officials say.
On Thursday morning, Montenegro’s Interior Minister Filip Adzic said: murmured In Bosnian, Mr. Kwon was arrested on forged documents at the airport in Montenegro’s capital Podgorica. Adzic added that it is waiting for Kwon’s identity to be formally confirmed.
The Montenegro Interior Ministry did not immediately respond to an email seeking confirmation. The phone number was unreachable. Interpol’s website had no updates on Kwon’s arrest. Interpol did not immediately respond to an email seeking comment.
It seems that Kwon was the one who was arrested. Yonhap reported, quoting an official from the National Police Agency, “We confirmed the age, nationality, and name of the person on the ID card, and confirmed from the photo data that he is the same person as Kwon.”
Kwon has been under investigation for the past 11 months since the collapse of Terra/LUNA, which took about $40 billion from the cryptocurrency market.
Quon, mid-September murmured“I’m not ‘on the run’ or anything like that. We are fully cooperating with government agencies that have expressed an interest in communicating with us and have nothing to hide.”
“We are in the process of defending ourselves in multiple jurisdictions. We hold ourselves to very high standards of integrity and look forward to uncovering the truth in the coming months.” ”.
Kwon has denied claims that he was not hiding from authorities, but prosecutors have refuted those claims.
In late September, with his whereabouts unknown, Interpol issued a red notice demanding law enforcement agencies worldwide to search and arrest him. ordered to run the risk of
Do Kwon said the charges against him by South Korean prosecutors were unjustified and politically motivated, TechCrunch previously reported.
“All sovereign states can interpret the red notice as they see fit,” he told journalist Laura Shin on the podcast Unchained in mid-October. said it plans to address, appeal and do whatever it takes.
Fast-forward to February, and South Korean prosecutors traveled to Serbia, suspecting it might be where Kwon was staying. In mid-February, the U.S. Securities and Exchange Commission accused Terraform Labs and Kwon of defrauding U.S. investors who bought its cryptocurrency, his LUNA, and its less stable stablecoin, Terra. bottom.
